Vontobel Holding Ltd. Increases Stock Holdings in Sealed Air Co. (NYSE:SEE)

Vontobel Holding Ltd. boosted its position in shares of Sealed Air Co. (NYSE:SEE) by 7.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,435 shares of the industrial products company’s stock after acquiring an additional 1,635 shares during the quarter. Vontobel Holding Ltd.’s holdings in Sealed Air were worth $793,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Sealed Air by 218.0% in the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock valued at $45,000 after buying an additional 907 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sealed Air in the 4th quarter valued at about $45,000. Quarry LP boosted its stake in shares of Sealed Air by 9.2% in the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock valued at $134,000 after buying an additional 311 shares during the period. KBC Group NV boosted its stake in shares of Sealed Air by 20.1% in the 3rd quarter. KBC Group NV now owns 4,595 shares of the industrial products company’s stock valued at $167,000 after buying an additional 769 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. purchased a new position in shares of Sealed Air in the 3rd quarter valued at about $212,000. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citigroup decreased their price objective on Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Bank of America decreased their price objective on Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Monday, January 6th. StockNews.com lowered Sealed Air from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. UBS Group cut their target price on Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, Mizuho cut their target price on Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sealed Air has a consensus rating of “Moderate Buy” and an average target price of $40.00.

Sealed Air Trading Down 0.8 %

SEE opened at $33.72 on Wednesday. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 12.40 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. The business’s 50 day moving average is $34.44 and its two-hundred day moving average is $34.96. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62.

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.