Crossmark Global Holdings Inc. Decreases Holdings in Sealed Air Co. (NYSE:SEE)

Crossmark Global Holdings Inc. decreased its position in shares of Sealed Air Co. (NYSE:SEEGet Rating) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,496 shares of the industrial products company’s stock after selling 693 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Sealed Air were worth $467,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ronald Blue Trust Inc. purchased a new stake in shares of Sealed Air during the 2nd quarter worth approximately $42,000. CX Institutional purchased a new stake in shares of Sealed Air during the 2nd quarter worth approximately $39,000. Zions Bancorporation N.A. lifted its stake in Sealed Air by 334.1% in the 1st quarter. Zions Bancorporation N.A. now owns 981 shares of the industrial products company’s stock valued at $66,000 after buying an additional 755 shares in the last quarter. Wipfli Financial Advisors LLC purchased a new stake in Sealed Air in the 3rd quarter valued at approximately $45,000. Finally, CWM LLC lifted its stake in Sealed Air by 17.5% in the 3rd quarter. CWM LLC now owns 1,464 shares of the industrial products company’s stock valued at $65,000 after buying an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 89.63% of the company’s stock.

Insider Transactions at Sealed Air

In other news, Director Zubaid Ahmad acquired 1,200 shares of the company’s stock in a transaction dated 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 acquisition, the director now directly owns 1,200 shares in the company, valued at approximately $50,544. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Sergio A. Pupkin acquired 1,000 shares of the company’s stock in a transaction dated 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 acquisition, the senior vice president now directly owns 46,748 shares in the company, valued at approximately $2,072,338.84. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Zubaid Ahmad purchased 1,200 shares of the stock in a transaction that occurred on Thursday, November 3rd. The stock was bought at an average price of $42.12 per share, with a total value of $50,544.00. Following the completion of the acquisition, the director now owns 1,200 shares in the company, valued at approximately $50,544. The disclosure for this purchase can be found here. Insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SEE shares. Citigroup lowered 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. Wells Fargo & Company upped 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. Royal Bank of Canada reduced their target price on Sealed Air from $60.00 to $58.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 2nd. StockNews.com lowered Sealed Air from a “buy” rating to a “hold” rating in a research note on Tuesday, January 10th. Finally, Mizuho upped their target price on Sealed Air from $60.00 to $61.00 and gave the company a “neutral” rating in a research note on Thursday, January 12th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $59.00.

Sealed Air Trading Up 0.9 %

Shares of SEE opened at $53.87 on Monday. The stock has a fifty day moving average of $51.74 and a two-hundred day moving average of $51.81. The company has a debt-to-equity ratio of 14.83, a quick ratio of 0.57 and a current ratio of 1.08. The company has a market capitalization of $7.79 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 2.50 and a beta of 1.20. Sealed Air Co. has a fifty-two week low of $41.24 and a fifty-two week high of $70.72.

Sealed Air (NYSE:SEEGet Rating) last released its quarterly earnings data on Tuesday, November 1st. The industrial products company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.47 billion. Sealed Air had a return on equity of 292.98% and a net margin of 10.02%. As a group, analysts forecast that Sealed Air Co. will post 4.1 EPS for the current year.

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.

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Institutional Ownership by Quarter for Sealed Air (NYSE:SEE)

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