Castlekeep Investment Advisors LLC Buys New Shares in Sealed Air Co. (NYSE:SEE)

Castlekeep Investment Advisors LLC acquired a new position in Sealed Air Co. (NYSE:SEE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,995 shares of the industrial products company's stock, valued at approximately $372,000.

Several other large investors have also recently modified their holdings of SEE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Sealed Air in the fourth quarter worth about $27,000. Manchester Capital Management LLC increased its holdings in Sealed Air by 139.4% during the 4th quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 700 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Sealed Air during the 4th quarter valued at about $45,000. Smartleaf Asset Management LLC increased its holdings in Sealed Air by 148.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 913 shares during the period. Finally, Brown Brothers Harriman & Co. increased its holdings in Sealed Air by 89.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 712 shares during the period. Hedge funds and other institutional investors own 94.40% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SEE. Truist Financial reduced their price target on Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. UBS Group upgraded Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price target on the stock in a report on Monday, April 7th. Mizuho reduced their price target on Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company boosted their price target on Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, Jefferies Financial Group set a $36.00 price target on Sealed Air in a report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $38.00.

Insider Activity at Sealed Air

In other news, Director Henry R. Keizer purchased 1,120 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the purchase, the director now directly owns 35,000 shares in the company, valued at approximately $1,050,000. This represents a 3.31% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.41% of the stock is currently owned by insiders.

Sealed Air Stock Down 0.7%

Shares of SEE traded down $0.22 during mid-day trading on Wednesday, reaching $32.47. The company had a trading volume of 937,135 shares, compared to its average volume of 1,562,543. 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 firm has a 50-day moving average price of $28.61 and a 200 day moving average price of $32.23. Sealed Air Co. has a 52 week low of $22.78 and a 52 week high of $41.14. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 11.94 and a beta of 1.35.

Sealed Air (NYSE:SEE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.14. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the previous year, the firm posted $0.78 EPS. The business's revenue for the quarter was down 4.4% compared to the same quarter last year. On average, sell-side analysts forecast 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.