Sealed Air Co. (NYSE:SEE) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC cut its holdings in shares of Sealed Air Co. (NYSE:SEE) by 21.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 22,498 shares of the industrial products company’s stock after selling 6,087 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Sealed Air were worth $761,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SEE. Strategic Investment Solutions Inc. IL acquired a new stake in Sealed Air in the second quarter valued at $34,000. GAMMA Investing LLC increased its position in shares of Sealed Air by 218.0% in the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 907 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Sealed Air by 523.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 2,445 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Sealed Air during the second quarter worth about $105,000. Finally, Quarry LP grew its stake in Sealed Air by 230.1% in the second quarter. Quarry LP now owns 3,390 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 2,363 shares in the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SEE shares. Raymond James upgraded Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research note on Thursday, October 17th. Citigroup dropped their price target on Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company decreased their price objective on shares of Sealed Air from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Bank of America dropped 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, Royal Bank of Canada decreased their price target on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a report on Thursday, October 17th. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Sealed Air Stock Performance

SEE opened at $35.47 on Wednesday. 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 business’s 50 day moving average is $35.06 and its 200-day moving average is $35.21. The stock has a market cap of $5.17 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 8.52 and a beta of 1.34. Sealed Air Co. has a twelve month low of $30.87 and a twelve month high of $41.14.

Sealed Air (NYSE:SEE) last announced its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.12. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the business earned $0.77 EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts predict that Sealed Air Co. will post 3.05 earnings per share 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.