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 note issued to investors on Tuesday.

Seaboard Stock Performance

Shares of NYSEAMERICAN SEB traded down $20.85 during trading hours on Tuesday, reaching $2,927.30. The stock had a trading volume of 2,912 shares, compared to its average volume of 2,817. The company has a current ratio of 2.45, a quick ratio of 1.47 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 11.32 and a beta of 0.35. Seaboard has a twelve month low of $2,871.80 and a twelve month high of $3,796.00.

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. The company had revenue of $2.21 billion during the quarter. Seaboard had a return on equity of 5.69% and a net margin of 3.01%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Management Group Inc. lifted its holdings in shares of Seaboard by 4.6% during the third quarter. Private Management Group Inc. now owns 6,531 shares of the company’s stock valued at $20,488,000 after acquiring an additional 289 shares during the period. VELA Investment Management LLC lifted its holdings in shares of Seaboard by 20.9% during the third quarter. VELA Investment Management LLC now owns 976 shares of the company’s stock valued at $3,062,000 after acquiring an additional 169 shares during the period. Farther Finance Advisors LLC bought a new position in shares of Seaboard during the third quarter valued at $50,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Seaboard by 5.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,155 shares of the company’s stock valued at $9,897,000 after buying an additional 174 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of Seaboard by 92.5% in the third quarter. Creative Planning now owns 283 shares of the company’s stock valued at $888,000 after buying an additional 136 shares during the last quarter. 22.57% of the stock is owned by institutional investors.

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.