Seaboard (NYSEAMERICAN:SEB) Stock Rating Upgraded by StockNews.com

Seaboard (NYSEAMERICAN:SEB) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Seaboard Price Performance

Shares of NYSEAMERICAN SEB opened at $2,853.76 on Tuesday. Seaboard has a 12-month low of $2,810.00 and a 12-month high of $3,796.00. The company has a market capitalization of $2.77 billion, a P/E ratio of 11.03 and a beta of 0.35. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.47 and a current ratio of 2.45.

Seaboard (NYSEAMERICAN:SEB) last released its quarterly earnings data on Tuesday, July 30th. The company reported $62.82 earnings per share for the quarter. The business had revenue of $2.21 billion for the quarter. Seaboard had a net margin of 3.01% and a return on equity of 5.69%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Virtu Financial LLC bought a new position in Seaboard in the 1st quarter valued at about $550,000. DAVENPORT & Co LLC boosted its stake in Seaboard by 4.8% during the 1st quarter. DAVENPORT & Co LLC now owns 7,372 shares of the company’s stock valued at $23,608,000 after purchasing an additional 337 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Seaboard during the 1st quarter valued at $1,847,000. Rhumbline Advisers increased its position in shares of Seaboard by 44.9% during the 2nd quarter. Rhumbline Advisers now owns 913 shares of the company’s stock valued at $2,886,000 after purchasing an additional 283 shares during the period. Finally, Lazard Asset Management LLC raised its stake in shares of Seaboard by 2,337.5% in the 1st quarter. Lazard Asset Management LLC now owns 390 shares of the company’s stock worth $1,257,000 after buying an additional 374 shares in the last quarter. 22.57% of the stock is owned by institutional investors and hedge funds.

Seaboard Company Profile

Seaboard Corporation, together with its subsidiaries, operates as an agricultural and ocean transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; hogs; and biodiesel.