New Mexico Educational Retirement Board decreased its stake in shares of Sealed Air Corp (NYSE:SEE) by 5.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,560 shares of the industrial products company’s stock after selling 800 shares during the period. New Mexico Educational Retirement Board’s holdings in Sealed Air were worth $472,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Wace LLP increased its position in Sealed Air by 456.5% during the 3rd quarter. Marshall Wace LLP now owns 2,002,230 shares of the industrial products company’s stock valued at $80,390,000 after purchasing an additional 1,642,467 shares during the period. Bank of New York Mellon Corp grew its position in shares of Sealed Air by 26.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,068,358 shares of the industrial products company’s stock worth $123,195,000 after buying an additional 640,351 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Sealed Air by 9.4% in the 3rd quarter. Wells Fargo & Company MN now owns 7,038,909 shares of the industrial products company’s stock worth $282,613,000 after buying an additional 606,062 shares during the last quarter. Vanguard Group Inc grew its position in shares of Sealed Air by 3.2% in the 3rd quarter. Vanguard Group Inc now owns 18,025,501 shares of the industrial products company’s stock worth $723,724,000 after buying an additional 558,305 shares during the last quarter. Finally, Marshall Wace North America L.P. grew its position in shares of Sealed Air by 6.1% in the 3rd quarter. Marshall Wace North America L.P. now owns 5,660,228 shares of the industrial products company’s stock worth $227,258,000 after buying an additional 326,156 shares during the last quarter. Institutional investors own 94.97% of the company’s stock.

NYSE:SEE opened at $42.89 on Monday. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 1.29 and a beta of 1.13. Sealed Air Corp has a twelve month low of $30.22 and a twelve month high of $46.21.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Thursday, February 7th. The industrial products company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.67 by $0.08. Sealed Air had a net margin of 4.08% and a negative return on equity of 104.71%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the business posted $0.58 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts expect that Sealed Air Corp will post 2.72 earnings per share for the current year.

In other Sealed Air news, SVP Emile Z. Chammas acquired 5,000 shares of the firm’s stock in a transaction on Monday, December 17th. The stock was acquired at an average cost of $33.40 per share, for a total transaction of $167,000.00. Following the purchase, the senior vice president now owns 169,509 shares in the company, valued at approximately $5,661,600.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Edward L. Doheny II acquired 7,500 shares of the firm’s stock in a transaction on Monday, December 17th. The shares were acquired at an average price of $33.75 per share, with a total value of $253,125.00. Following the completion of the purchase, the insider now owns 85,645 shares in the company, valued at approximately $2,890,518.75. The disclosure for this purchase can be found here. Insiders own 0.63% of the company’s stock.

SEE has been the topic of several research analyst reports. Bank of America downgraded shares of Sealed Air from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research report on Thursday, October 18th. Robert W. Baird dropped their target price on shares of Sealed Air from $55.00 to $41.00 and set an “outperform” rating on the stock in a research report on Thursday, October 18th. UBS Group set a $47.00 target price on shares of Sealed Air and gave the stock a “buy” rating in a research report on Thursday, October 18th. ValuEngine downgraded shares of Sealed Air from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 18th. Finally, Barclays dropped their target price on shares of Sealed Air from $50.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $43.40.

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Sealed Air Company Profile

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. The company operates through Food Care and Product Care segments. The Food Care segment offers integrated system solutions that enhance the management of contamination risk during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes to processors, retailers, and food service operators under the Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.

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Institutional Ownership by Quarter for Sealed Air (NYSE:SEE)

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