Peregrine Capital Management LLC Buys Shares of 174,797 Sealed Air Co. (NYSE:SEE)

Peregrine Capital Management LLC purchased a new position in shares of Sealed Air Co. (NYSE:SEE) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 174,797 shares of the industrial products company’s stock, valued at approximately $5,913,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Quarry LP increased its holdings in 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 buying an additional 311 shares during the last quarter. Choreo LLC raised its position in shares of Sealed Air by 3.7% during the 4th quarter. Choreo LLC now owns 9,829 shares of the industrial products company’s stock valued at $331,000 after acquiring an additional 351 shares in the last quarter. Truist Financial Corp lifted its stake in Sealed Air by 3.3% during the fourth quarter. Truist Financial Corp now owns 11,794 shares of the industrial products company’s stock worth $399,000 after purchasing an additional 377 shares during the last quarter. Everence Capital Management Inc. boosted its holdings in Sealed Air by 2.8% in the third quarter. Everence Capital Management Inc. now owns 13,940 shares of the industrial products company’s stock worth $506,000 after purchasing an additional 380 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Sealed Air by 4.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,970 shares of the industrial products company’s stock worth $326,000 after purchasing an additional 380 shares during the period. Institutional investors own 94.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SEE. Wells Fargo & Company reduced their price target on shares of Sealed Air from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. 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 report on Friday, January 10th. Citigroup lowered their target price on Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a report on Monday, January 6th. Bank of America cut their price target on Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Truist Financial boosted their price objective on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Eight research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Sealed Air Trading Down 0.8 %

Shares of SEE stock opened at $33.72 on Wednesday. Sealed Air Co. has a 1 year low of $30.87 and a 1 year high of $41.14. The firm has a market capitalization of $4.91 billion, a PE ratio of 12.40 and a beta of 1.34. The stock has a fifty day moving average of $34.44 and a two-hundred day moving average of $34.96. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29.

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.