Seaboard (NYSEAMERICAN:SEB) Lifted to Buy at StockNews.com

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

Seaboard Trading Down 2.0 %

Seaboard stock opened at $3,059.34 on Tuesday. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 11.84 and a beta of 0.35. The company has a quick ratio of 1.47, a current ratio of 2.45 and a debt-to-equity ratio of 0.21. Seaboard has a 12 month low of $2,955.33 and a 12 month high of $3,862.00.

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

Institutional Investors Weigh In On Seaboard

A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Seaboard by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 45,989 shares of the company’s stock worth $145,358,000 after acquiring an additional 1,081 shares during the last quarter. Vanguard Group Inc. increased its position in Seaboard by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 23,189 shares of the company’s stock valued at $74,759,000 after purchasing an additional 66 shares during the period. AQR Capital Management LLC raised its holdings in Seaboard by 81.4% during the 2nd quarter. AQR Capital Management LLC now owns 9,204 shares of the company’s stock worth $28,957,000 after purchasing an additional 4,129 shares during the last quarter. Kahn Brothers Group Inc. lifted its position in shares of Seaboard by 1.0% in the 1st quarter. Kahn Brothers Group Inc. now owns 9,052 shares of the company’s stock worth $29,183,000 after purchasing an additional 89 shares during the period. Finally, DAVENPORT & Co LLC boosted its stake in shares of Seaboard by 4.8% in 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 during the last quarter. Institutional investors own 22.57% of the company’s stock.

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.