Cwm LLC Buys 218 Shares of Sealed Air Co. (NYSE:SEE)

Cwm LLC increased its stake in Sealed Air Co. (NYSE:SEE – Get Rating) by 17.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,464 shares of the industrial products company’s stock after acquiring an additional 218 shares during the period. Cwm LLC’s holdings in Sealed Air were worth $65,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CX Institutional bought a new stake in shares of Sealed Air in the 2nd quarter valued at about $39,000. Premier Fund Managers Ltd raised its position in Sealed Air by 6.8% during the 2nd quarter. Premier Fund Managers Ltd now owns 31,300 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 2,000 shares during the last quarter. Ronald Blue Trust Inc. bought a new position in Sealed Air during the 2nd quarter valued at approximately $42,000. Atticus Wealth Management LLC raised its position in Sealed Air by 6,200.0% during the 2nd quarter. Atticus Wealth Management LLC now owns 756 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 744 shares during the last quarter. Finally, Wipfli Financial Advisors LLC bought a new position in Sealed Air during the 3rd quarter valued at approximately $45,000. Institutional investors own 89.63% of the company’s stock.

Insider Buying and Selling

In other Sealed Air news, Director Zubaid Ahmad purchased 1,200 shares of the company’s stock in a transaction on Thursday, November 3rd. The stock was acquired at an average cost of $42.12 per share, for a total transaction of $50,544.00. Following the purchase, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $50,544. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Sealed Air news, SVP Sergio A. Pupkin purchased 1,000 shares of the company’s stock in a transaction on Wednesday, November 2nd. The stock was acquired at an average cost of $44.33 per share, for a total transaction of $44,330.00. Following the purchase, the senior vice president now directly owns 46,748 shares of the company’s stock, valued at approximately $2,072,338.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Zubaid Ahmad purchased 1,200 shares of the company’s stock in a transaction on Thursday, November 3rd. The stock was acquired at an average price of $42.12 per share, with a total value of $50,544.00. Following the completion of the purchase, the director now directly owns 1,200 shares in the company, valued at $50,544. The disclosure for this purchase can be found here. 0.44% of the stock is currently owned by insiders.

Sealed Air Trading Up 0.2 %

Sealed Air stock opened at $54.07 on Thursday. The firm has a 50 day moving average of $51.59 and a 200 day moving average of $51.92. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 2.51 and a beta of 1.20. Sealed Air Co. has a 12-month low of $41.24 and a 12-month high of $70.72. The company has a current ratio of 1.08, a quick ratio of 0.57 and a debt-to-equity ratio of 14.83.

Sealed Air (NYSE:SEE – Get Rating) last released its earnings results on Tuesday, November 1st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.07. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.47 billion. Sealed Air had a net margin of 10.02% and a return on equity of 292.98%. As a group, research analysts predict that Sealed Air Co. will post 4.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SEE shares. Bank of America lowered their price target on Sealed Air from $65.00 to $54.00 in a research report on Thursday, October 13th. Truist Financial downgraded Sealed Air from a “buy” rating to a “hold” rating and set a $59.00 target price on the stock. in a research note on Thursday, January 5th. Wells Fargo & Company increased their target price on Sealed Air from $43.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday, January 9th. Citigroup downgraded Sealed Air from a “buy” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research note on Wednesday, January 4th. Finally, StockNews.com downgraded Sealed Air from a “buy” rating to a “hold” rating in a research note on Tuesday, January 10th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $59.00.

Sealed Air Profile

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Sealed Air Corp. engages in the provision of food safety and security, facility hygiene, and product protection services. It operates through the Food segment and Protective segments. The Food segment services perishable food processors in fresh red meat, smoked and processed meat, poultry, seafood, plant-based, and dairy markets.