Thompson Investment Management Inc. Has $2.50 Million Stake in Sealed Air Co. (NYSE:SEE)

Thompson Investment Management Inc. raised its stake in shares of Sealed Air Co. (NYSE:SEE) by 1.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 73,769 shares of the industrial products company’s stock after purchasing an additional 990 shares during the period. Thompson Investment Management Inc.’s holdings in Sealed Air were worth $2,496,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. GHP Investment Advisors Inc. boosted its stake in Sealed Air by 4.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 42,373 shares of the industrial products company’s stock valued at $1,433,000 after purchasing an additional 1,748 shares during the last quarter. Choreo LLC boosted its stake in Sealed Air by 3.7% during the 4th quarter. Choreo LLC now owns 9,829 shares of the industrial products company’s stock valued at $331,000 after purchasing an additional 351 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sealed Air in the 4th quarter worth approximately $45,000. Guidance Capital Inc. purchased a new position in shares of Sealed Air in the 4th quarter worth approximately $468,000. Finally, Western Pacific Wealth Management LP boosted its stake in shares of Sealed Air by 51.5% in the 4th quarter. Western Pacific Wealth Management LP now owns 9,220 shares of the industrial products company’s stock worth $312,000 after buying an additional 3,135 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SEE. Royal Bank of Canada lowered their price target on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a report on Thursday, October 17th. Raymond James raised shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a report on Thursday, October 17th. Truist Financial boosted their target price on shares of Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, January 6th. Bank of America lowered their target price on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, StockNews.com cut shares of Sealed Air from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Eight equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Sealed Air has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Sealed Air Stock Performance

Sealed Air stock opened at $34.05 on Friday. 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 firm has a 50-day moving average of $34.84 and a 200-day moving average of $35.14. The firm has a market cap of $4.96 billion, a P/E ratio of 12.52 and a beta of 1.34. Sealed Air Co. has a 1-year low of $30.87 and a 1-year high of $41.14.

Sealed Air (NYSE:SEE) last posted its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the business posted $0.77 earnings per share. Sealed Air’s revenue for the quarter was down 2.7% on a year-over-year basis. Sell-side analysts expect that Sealed Air Co. will post 3.05 EPS for the current year.

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.