Ameriprise Financial Inc. Sells 71,434 Shares of Sealed Air Co. (NYSE:SEE)

Ameriprise Financial Inc. trimmed its holdings in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 15.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 391,502 shares of the industrial products company's stock after selling 71,434 shares during the quarter. Ameriprise Financial Inc. owned about 0.27% of Sealed Air worth $13,245,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its position in Sealed Air by 17.7% during the fourth quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company's stock worth $620,117,000 after acquiring an additional 2,754,395 shares during the period. T. Rowe Price Investment Management Inc. increased its position in Sealed Air by 9.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company's stock worth $416,657,000 after acquiring an additional 1,081,848 shares during the period. Invesco Ltd. increased its position in Sealed Air by 69.2% during the fourth quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company's stock worth $128,176,000 after acquiring an additional 1,549,184 shares during the period. Swedbank AB increased its position in Sealed Air by 57.3% during the fourth quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company's stock worth $78,678,000 after acquiring an additional 846,882 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Sealed Air by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,204,663 shares of the industrial products company's stock worth $74,583,000 after acquiring an additional 178,592 shares during the period. 94.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SEE has been the topic of a number of analyst reports. Mizuho reduced their price objective on shares of Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company increased their price objective on shares of Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Jefferies Financial Group set a $36.00 price objective on shares of Sealed Air in a research note on Tuesday, March 4th. Raymond James reduced their price objective on shares of Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, UBS Group upgraded shares of Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price objective on the stock in a research note on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Sealed Air currently has an average rating of "Moderate Buy" and a consensus price target of $38.00.

Insider Activity at Sealed Air

In other Sealed Air news, Director Henry R. Keizer acquired 1,120 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the acquisition, the director now directly owns 35,000 shares in the company, valued at $1,050,000. This represents a 3.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is owned by company insiders.

Sealed Air Price Performance

Shares of SEE traded down $0.33 during mid-day trading on Friday, reaching $31.92. The company had a trading volume of 1,048,970 shares, compared to its average volume of 1,561,407. The company's 50 day simple moving average is $28.50 and its 200 day simple moving average is $32.31. Sealed Air Co. has a 1-year low of $22.78 and a 1-year high of $41.14. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 11.73 and a beta of 1.35.

Sealed Air (NYSE:SEE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.14. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the business earned $0.78 EPS. Analysts expect that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Company Profile

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.