Gotham Asset Management LLC Reduces Stock Holdings in Sealed Air Co. (NYSE:SEE)

Gotham Asset Management LLC cut its stake in Sealed Air Co. (NYSE:SEE - Free Report) by 71.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,974 shares of the industrial products company's stock after selling 62,105 shares during the quarter. Gotham Asset Management LLC's holdings in Sealed Air were worth $845,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its position in shares of Sealed Air by 148.0% in the fourth 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. A&I Financial Services LLC bought a new position in Sealed Air in the 4th quarter valued at about $527,000. Amundi increased its holdings in Sealed Air by 131.6% in the 4th quarter. Amundi now owns 76,479 shares of the industrial products company's stock valued at $2,576,000 after buying an additional 43,458 shares during the period. JPMorgan Chase & Co. increased its holdings in Sealed Air by 90.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,510,529 shares of the industrial products company's stock valued at $51,101,000 after buying an additional 715,668 shares during the period. Finally, Sound Income Strategies LLC boosted its stake in shares of Sealed Air by 13.8% in the 4th quarter. Sound Income Strategies LLC now owns 79,429 shares of the industrial products company's stock valued at $2,687,000 after purchasing an additional 9,634 shares in the last quarter. 94.40% of the stock is owned by institutional investors.

Sealed Air Stock Performance

Shares of NYSE:SEE traded down $0.33 during midday 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 moving average price is $28.50 and its 200 day moving average price is $32.31. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The stock has a market cap of $4.69 billion, a P/E ratio of 11.73 and a beta of 1.35. Sealed Air Co. has a 52-week low of $22.78 and a 52-week high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.14. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $0.78 EPS. As a group, sell-side analysts anticipate that Sealed Air Co. will post 3.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SEE shares. Mizuho cut their target price on shares of Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company lifted their price objective on shares of Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. UBS Group upgraded shares of Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price objective for the company in a research note on Monday, April 7th. Wall Street Zen upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group set a $36.00 price target on shares of Sealed Air in a research note on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Sealed Air has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

Insider Buying and Selling at Sealed Air

In other Sealed Air news, Director Henry R. Keizer acquired 1,120 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $30.00 per share, with a total value of $33,600.00. Following the completion of the acquisition, the director now directly owns 35,000 shares in the company, valued at $1,050,000. This trade represents a 3.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.30% of the company's stock.

About Sealed Air

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.