Burney Co. Reduces Stock Holdings in Sealed Air Co. (NYSE:SEE)

Burney Co. lessened its stake in Sealed Air Co. (NYSE:SEE) by 9.2% in the fourth quarter, Holdings Channel reports. The fund owned 11,835 shares of the industrial products company’s stock after selling 1,201 shares during the quarter. Burney Co.’s holdings in Sealed Air were worth $400,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quarry LP boosted its stake in shares of Sealed Air by 9.2% in the third quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 311 shares during the period. Everence Capital Management Inc. lifted its holdings in Sealed Air by 2.8% in the 3rd quarter. Everence Capital Management Inc. now owns 13,940 shares of the industrial products company’s stock worth $506,000 after buying an additional 380 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Sealed Air by 4.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,970 shares of the industrial products company’s stock valued at $326,000 after buying an additional 380 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Sealed Air by 3.4% during the third quarter. Raymond James Trust N.A. now owns 14,016 shares of the industrial products company’s stock valued at $509,000 after acquiring an additional 466 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC increased its position in shares of Sealed Air by 1.3% during the second quarter. Mount Yale Investment Advisors LLC now owns 36,643 shares of the industrial products company’s stock worth $1,275,000 after acquiring an additional 467 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wells Fargo & Company reduced their price target on Sealed Air from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Monday, January 6th. StockNews.com downgraded shares of Sealed Air from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Truist Financial upped their price target on shares of Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, January 6th. Bank of America decreased their price objective on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, UBS Group cut their target price on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Eight equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Sealed Air Stock Performance

Shares of SEE stock opened at $34.57 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The business has a 50 day moving average of $35.09 and a two-hundred day moving average of $35.17. The company has a market cap of $5.04 billion, a P/E ratio of 12.71, a PEG ratio of 7.98 and a beta of 1.34. Sealed Air Co. has a 52 week low of $30.87 and a 52 week high of $41.14.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.77 EPS. As a group, analysts anticipate that Sealed Air Co. will post 3.05 EPS for the current 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.