Sealed Air Co. (NYSE:SEE) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG raised its stake in Sealed Air Co. (NYSE:SEE) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,181 shares of the industrial products company’s stock after acquiring an additional 1,034 shares during the period. Deutsche Bank AG owned 0.06% of Sealed Air worth $2,848,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Caption Management LLC acquired a new position in Sealed Air in the fourth quarter valued at approximately $507,000. Castlekeep Investment Advisors LLC acquired a new position in Sealed Air in the fourth quarter valued at approximately $372,000. Alyeska Investment Group L.P. acquired a new position in Sealed Air in the fourth quarter valued at approximately $3,123,000. Maple Rock Capital Partners Inc. boosted its stake in Sealed Air by 7.4% in the fourth quarter. Maple Rock Capital Partners Inc. now owns 1,630,493 shares of the industrial products company’s stock valued at $55,160,000 after acquiring an additional 113,000 shares during the period. Finally, Freestone Grove Partners LP bought a new stake in shares of Sealed Air during the fourth quarter valued at approximately $388,000. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Sealed Air Price Performance

Shares of NYSE:SEE opened at $31.77 on Thursday. Sealed Air Co. has a 12 month low of $22.78 and a 12 month high of $41.14. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 11.68 and a beta of 1.35. The stock’s 50 day moving average price is $28.42 and its 200 day moving average price is $32.36. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79.

Sealed Air (NYSE:SEE) last announced its earnings results on Tuesday, May 6th. The industrial products company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.67 by $0.14. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the company earned $0.78 earnings per share. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. Equities research analysts anticipate that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Sealed Air

In related news, Director Henry R. Keizer purchased 1,120 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $30.00 per share, with a total value of $33,600.00. Following the completion of the acquisition, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,050,000. This represents a 3.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SEE shares. Mizuho cut their price target on Sealed Air from $39.00 to $32.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company lifted their price target on Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Raymond James cut their price target on Sealed Air from $42.00 to $36.00 and set a “strong-buy” rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group set a $36.00 price target on Sealed Air in a report on Tuesday, March 4th. Finally, StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

About Sealed Air

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.