Sealed Air (NYSE:SEE) was downgraded by analysts at Vertical Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, The Fly reports.
Several other brokerages have also recently commented on SEE. SunTrust Banks set a $48.00 target price on shares of Sealed Air and gave the stock a “buy” rating in a report on Sunday, September 10th. Barclays upgraded shares of Sealed Air from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $46.00 to $53.00 in a report on Friday, December 15th. Zacks Investment Research upgraded shares of Sealed Air from a “sell” rating to a “hold” rating in a report on Monday, November 13th. KeyCorp reiterated a “hold” rating on shares of Sealed Air in a report on Monday, October 2nd. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $47.00 target price on shares of Sealed Air in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $49.42.
Sealed Air (SEE) traded down $0.46 during trading hours on Wednesday, hitting $49.20. 528,956 shares of the stock traded hands, compared to its average volume of 2,206,026. Sealed Air has a one year low of $41.22 and a one year high of $50.62. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.34 and a current ratio of 1.70. The company has a market cap of $8,960.00, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 6.84 and a beta of 1.23.
In other news, CFO William G. Stiehl sold 3,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $48.98, for a total value of $146,940.00. Following the completion of the sale, the chief financial officer now directly owns 34,797 shares of the company’s stock, valued at $1,704,357.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Emile Z. Chammas sold 6,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $45.24, for a total transaction of $271,440.00. Following the completion of the sale, the senior vice president now directly owns 142,077 shares of the company’s stock, valued at $6,427,563.48. The disclosure for this sale can be found here. 1.05% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. lifted its position in shares of Sealed Air by 0.3% in the second quarter. Alps Advisors Inc. now owns 10,524 shares of the industrial products company’s stock worth $471,000 after purchasing an additional 27 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Sealed Air by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 4,772 shares of the industrial products company’s stock worth $213,000 after purchasing an additional 70 shares in the last quarter. Ray Gerald L & Associates Ltd. lifted its position in shares of Sealed Air by 1.2% in the second quarter. Ray Gerald L & Associates Ltd. now owns 9,513 shares of the industrial products company’s stock worth $426,000 after purchasing an additional 113 shares in the last quarter. Sentry Investment Management LLC lifted its position in shares of Sealed Air by 2.6% in the second quarter. Sentry Investment Management LLC now owns 6,824 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 173 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Sealed Air by 1.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,548 shares of the industrial products company’s stock worth $651,000 after purchasing an additional 196 shares in the last quarter. 92.94% of the stock is owned by institutional investors and hedge funds.
About Sealed Air
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. The Food Care segment focuses on providing a range of integrated system solutions.
