Nisa Investment Advisors LLC Has $870,000 Stake in Sealed Air Co. (NYSE:SEE)

Nisa Investment Advisors LLC cut its stake in shares of Sealed Air Co. (NYSE:SEE) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,703 shares of the industrial products company’s stock after selling 1,120 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sealed Air were worth $870,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. American Century Companies Inc. lifted its stake in shares of Sealed Air by 4.8% in the second quarter. American Century Companies Inc. now owns 31,877 shares of the industrial products company’s stock worth $1,109,000 after acquiring an additional 1,468 shares during the period. AQR Capital Management LLC raised its holdings in Sealed Air by 2,083.0% during the 2nd quarter. AQR Capital Management LLC now owns 374,589 shares of the industrial products company’s stock worth $13,032,000 after purchasing an additional 357,430 shares during the last quarter. Scientech Research LLC acquired a new position in shares of Sealed Air in the 2nd quarter worth approximately $210,000. Algert Global LLC boosted its stake in shares of Sealed Air by 300.5% in the 2nd quarter. Algert Global LLC now owns 87,079 shares of the industrial products company’s stock valued at $3,029,000 after purchasing an additional 65,337 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Sealed Air by 523.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company’s stock worth $101,000 after buying an additional 2,445 shares during the period. Institutional investors own 94.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SEE. UBS Group cut their price target on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. StockNews.com lowered Sealed Air from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Mizuho lowered their target price on Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company cut their price target on Sealed Air from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Bank of America lowered their price objective on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Sealed Air currently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

Sealed Air Stock Up 0.5 %

Sealed Air stock opened at $35.63 on Tuesday. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 8.52 and a beta of 1.34. The firm’s fifty day moving average price is $35.05 and its two-hundred day moving average price is $35.22. Sealed Air Co. has a 1-year low of $30.87 and a 1-year high of $41.14. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62.

Sealed Air (NYSE:SEE) last announced its quarterly 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. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 EPS. On average, equities research analysts predict that Sealed Air Co. will post 3.05 earnings per share for the current fiscal 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.