Thrivent Financial for Lutherans Trims Position in Sealed Air Corporation $SEE

Thrivent Financial for Lutherans trimmed its position in Sealed Air Corporation (NYSE:SEE) by 14.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 127,604 shares of the industrial products company’s stock after selling 21,243 shares during the period. Thrivent Financial for Lutherans’ holdings in Sealed Air were worth $4,511,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SEE. Brighton Jones LLC bought a new position in shares of Sealed Air in the 4th quarter worth approximately $737,000. Royal Bank of Canada increased its holdings in Sealed Air by 21.4% during the first quarter. Royal Bank of Canada now owns 118,808 shares of the industrial products company’s stock valued at $3,434,000 after buying an additional 20,925 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Sealed Air by 94.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,553 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 756 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Sealed Air during the 1st quarter worth $201,000. Finally, United Services Automobile Association bought a new stake in shares of Sealed Air during the 1st quarter valued at $272,000. 94.40% of the stock is currently owned by institutional investors.

Sealed Air Price Performance

Shares of NYSE:SEE opened at $41.82 on Friday. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 13.58 and a beta of 1.35. The firm has a fifty day moving average price of $41.72 and a 200 day moving average price of $36.95. Sealed Air Corporation has a fifty-two week low of $22.78 and a fifty-two week high of $44.27. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.75 and a current ratio of 1.29.

Analyst Ratings Changes

A number of brokerages recently commented on SEE. Morgan Stanley raised their target price on Sealed Air from $31.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. Wells Fargo & Company upped their price target on Sealed Air from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. lifted their price objective on Sealed Air from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Raymond James Financial lowered shares of Sealed Air from an “outperform” rating to a “market perform” rating in a report on Monday, December 22nd. Finally, Robert W. Baird restated a “neutral” rating and set a $42.00 target price (down previously from $45.00) on shares of Sealed Air in a research note on Thursday, December 18th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.42.

Sealed Air Profile

Sealed Air Corporation is a global packaging company that develops and manufactures a wide range of materials, equipment and services designed to protect, preserve and promote products. Best known for inventing Bubble Wrap® protective packaging, the company serves customers across food and beverage, e-commerce, electronics, manufacturing and healthcare industries. Sealed Air’s solutions help businesses reduce product damage, extend shelf life and improve operational efficiency.

The company’s product portfolio is organized into three primary segments.