PharVision Advisers LLC Purchases Shares of 8,890 Sealed Air Co. (NYSE:SEE)

PharVision Advisers LLC bought a new position in shares of Sealed Air Co. (NYSE:SEE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,890 shares of the industrial products company's stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC grew 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 worth $51,000 after acquiring an additional 913 shares during the last quarter. A&I Financial Services LLC acquired a new position in shares of Sealed Air during the fourth quarter worth approximately $527,000. Amundi grew its stake in shares of Sealed Air by 131.6% during the fourth quarter. Amundi now owns 76,479 shares of the industrial products company's stock valued at $2,576,000 after purchasing an additional 43,458 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Sealed Air by 90.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,510,529 shares of the industrial products company's stock valued at $51,101,000 after purchasing an additional 715,668 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings in shares of Sealed Air by 13.8% in the fourth 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 currently owned by institutional investors and hedge funds.

Insider Activity

In other Sealed Air news, Director Henry R. Keizer bought 1,120 shares of Sealed Air stock in a transaction on 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 completion of the acquisition, the director now owns 35,000 shares in the company, valued at approximately $1,050,000. The trade was a 3.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.41% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SEE. Truist Financial reduced their price objective on Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Mizuho cut their price target on 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 raised 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. Jefferies Financial Group set a $36.00 price objective on Sealed Air in a research report on Tuesday, March 4th. Finally, Wall Street Zen raised Sealed Air from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $38.00.

Sealed Air Trading Up 1.9%

Shares of SEE stock traded up $0.62 on Tuesday, reaching $32.51. The company had a trading volume of 575,730 shares, compared to its average volume of 1,559,797. The stock has a market cap of $4.78 billion, a PE ratio of 11.94 and a beta of 1.35. The company has a 50-day moving average of $28.54 and a 200-day moving average of $32.22. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. Sealed Air Co. has a 12 month low of $22.78 and a 12 month high of $41.14.

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 firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.27 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business's revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.78 earnings per share. On average, equities analysts forecast that Sealed Air Co. will post 3.05 earnings per share for the current year.

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.