Is Sealed Air Corp (SEE) A Good Stock To Buy?

Judging by the fact that Sealed Air Corp (NYSE:SEE) has witnessed declining sentiment from the aggregate hedge fund industry, it’s easy to see that there exists a select few hedge funds who were dropping their positions entirely in the third quarter. It’s worth mentioning that Jean-Marie Eveillard’s First Eagle Investment Management dumped the biggest position of the 700 funds studied by Insider Monkey, comprising close to $211.1 million in stock. Dan Loeb’s fund, Third Point, also said goodbye to its stock, about $206.9 million worth.

Let’s now review hedge fund activity in other stocks similar to Sealed Air Corp (NYSE:SEE). These stocks are Ihs Markit Ltd. (NASDAQ:INFO), Arthur J. Gallagher & Co. (NYSE:AJG), Tractor Supply Company (NASDAQ:TSCO), and Nordstrom, Inc. (NYSE:JWN). All of these stocks’ market caps are similar to SEE’s market cap.

As you can see these stocks had an average of 24 hedge funds with bullish positions and the average amount invested in these stocks was $555 million. That figure was $1.52 billion in SEE’s case. Ihs Markit Ltd. (NASDAQ:INFO) is the most popular stock in this table. On the other hand Arthur J. Gallagher & Co. (NYSE:AJG) is the least popular one with only 12 bullish hedge fund positions. Compared to these stocks Sealed Air Corp (NYSE:SEE) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None