Guidance Capital Inc. Invests $468,000 in Sealed Air Co. (NYSE:SEE)

Guidance Capital Inc. bought a new stake in Sealed Air Co. (NYSE:SEE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,210 shares of the industrial products company’s stock, valued at approximately $468,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. acquired a new position in Sealed Air in the third quarter valued at $139,800,000. Swedbank AB lifted its holdings in Sealed Air by 57.3% in the fourth quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company’s stock valued at $78,678,000 after buying an additional 846,882 shares during the period. Geode Capital Management LLC lifted its holdings in Sealed Air by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock valued at $83,542,000 after buying an additional 12,559 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Sealed Air by 45.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,613,957 shares of the industrial products company’s stock valued at $58,587,000 after buying an additional 502,999 shares during the period. Finally, Maple Rock Capital Partners Inc. lifted its holdings in Sealed Air by 56.6% in the third quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock valued at $55,085,000 after buying an additional 548,493 shares during the period. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Trading Up 0.8 %

Shares of SEE stock opened at $34.71 on Thursday. Sealed Air Co. has a 52-week low of $30.87 and a 52-week high of $41.14. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The company has a 50-day simple moving average of $34.93 and a two-hundred day simple moving average of $35.16. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 12.76 and a beta of 1.34.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Royal Bank of Canada dropped their target price on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a report on Thursday, October 17th. UBS Group dropped their price objective on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. StockNews.com lowered shares of Sealed Air from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Raymond James upgraded shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a report on Thursday, October 17th. Finally, Mizuho dropped their price objective on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

Sealed Air Company 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.