First Eagle Investment Management LLC Grows Stock Position in Sealed Air Co. (NYSE:SEE)

First Eagle Investment Management LLC lifted its position in shares of Sealed Air Co. (NYSE:SEEFree Report) by 50.6% in the third quarter, Holdings Channel reports. The firm owned 259,765 shares of the industrial products company’s stock after purchasing an additional 87,331 shares during the period. First Eagle Investment Management LLC’s holdings in Sealed Air were worth $8,536,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. boosted its holdings in Sealed Air by 3.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 30,806 shares of the industrial products company’s stock worth $1,232,000 after acquiring an additional 901 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Sealed Air by 52.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,231 shares of the industrial products company’s stock worth $2,735,000 after acquiring an additional 28,610 shares during the period. Raymond James & Associates boosted its holdings in Sealed Air by 46.1% in the 3rd quarter. Raymond James & Associates now owns 265,811 shares of the industrial products company’s stock worth $8,735,000 after acquiring an additional 83,847 shares during the period. First Citizens Bank & Trust Co. purchased a new position in Sealed Air in the 3rd quarter worth approximately $3,730,000. Finally, Geode Capital Management LLC boosted its holdings in Sealed Air by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,130,144 shares of the industrial products company’s stock worth $124,889,000 after acquiring an additional 83,885 shares during the period. Hedge funds and other institutional investors own 89.45% of the company’s stock.

Sealed Air Price Performance

Shares of NYSE SEE opened at $34.65 on Monday. Sealed Air Co. has a 1-year low of $28.50 and a 1-year high of $54.70. The company has a debt-to-equity ratio of 11.34, a current ratio of 1.23 and a quick ratio of 0.75. The business’s fifty day moving average price is $35.40 and its two-hundred day moving average price is $35.17. The firm has a market capitalization of $5.00 billion, a PE ratio of 16.28, a P/E/G ratio of 7.26 and a beta of 1.29.

Sealed Air (NYSE:SEEGet Free Report) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.14. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. Sealed Air had a return on equity of 126.77% and a net margin of 5.65%. On average, research analysts expect that Sealed Air Co. will post 2.92 EPS for the current year.

Analyst Upgrades and Downgrades

SEE has been the subject of several research analyst reports. Mizuho increased their target price on Sealed Air from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, December 28th. Truist Financial increased their target price on Sealed Air from $38.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, January 4th. William Blair cut Sealed Air from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 24th. Citigroup reduced their target price on Sealed Air from $41.00 to $37.00 in a research note on Tuesday, October 10th. Finally, Raymond James assumed coverage on Sealed Air in a research report on Friday, October 20th. They set a “market perform” rating on the stock. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $43.91.

View Our Latest Analysis on Sealed Air

Sealed Air Profile

(Free Report)

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and NewZealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety and 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, and dairy markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, Simple Steps, and Optidure brands.

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Institutional Ownership by Quarter for Sealed Air (NYSE:SEE)

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