28,132 Shares in Sealed Air Co. (NYSE:SEE) Bought by Tang Capital Management LLC

Tang Capital Management LLC bought a new stake in Sealed Air Co. (NYSE:SEE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 28,132 shares of the industrial products company's stock, valued at approximately $952,000.

A number of other large investors have also recently modified their holdings of SEE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Sealed Air in the 4th quarter valued at $27,000. Manchester Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Sealed Air during the 4th quarter valued at $45,000. Smartleaf Asset Management LLC boosted its holdings in shares of 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 acquiring an additional 913 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of 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 acquiring an additional 712 shares in the last quarter. Institutional investors and hedge funds own 94.40% of the company's stock.

Insider Buying and Selling at Sealed Air

In other news, Director Henry R. Keizer purchased 1,120 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired 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 $1,050,000. This trade represents a 3.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.30% of the company's stock.

Sealed Air Stock Down 1.7%

Sealed Air stock traded down $0.55 during midday trading on Wednesday, reaching $31.77. The stock had a trading volume of 1,395,307 shares, compared to its average volume of 1,561,485. Sealed Air Co. has a 12 month low of $22.78 and a 12 month high of $41.14. The company has a market capitalization of $4.67 billion, a P/E ratio of 11.68 and a beta of 1.35. The company has a fifty day moving average price of $28.38 and a two-hundred day moving average price of $32.37. 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 (NYSE:SEE - Get Free Report) last issued its earnings results on Tuesday, May 6th. The industrial products company reported $0.81 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 return on equity of 74.21% and a net margin of 7.34%. The firm's revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. As a group, equities analysts expect that Sealed Air Co. will post 3.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SEE shares. Raymond James cut their price objective on Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company lifted their target price on Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Truist Financial dropped their price target on shares of Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group set a $36.00 price objective on shares of Sealed Air in a research report on Tuesday, March 4th. Finally, StockNews.com raised shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Four investment 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $38.00.

Sealed Air 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.