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

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

Seaboard Trading Down 2.5 %

SEB stock opened at $2,853.76 on Tuesday. The company has a current ratio of 2.45, a quick ratio of 1.47 and a debt-to-equity ratio of 0.21. 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 PE ratio of 11.03 and a beta of 0.35.

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

Institutional Trading of Seaboard

A number of institutional investors have recently modified their holdings of SEB. Gladius Capital Management LP acquired a new stake in Seaboard in the second quarter valued at approximately $32,000. Farther Finance Advisors LLC acquired a new stake in shares of Seaboard during the third quarter valued at about $50,000. Innealta Capital LLC purchased a new stake in shares of Seaboard during the second quarter worth about $60,000. Covestor Ltd lifted its stake in shares of Seaboard by 18.5% in the first quarter. Covestor Ltd now owns 32 shares of the company’s stock worth $106,000 after acquiring an additional 5 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Seaboard during the 2nd quarter worth approximately $205,000. Hedge funds and other institutional investors own 22.57% of the company’s stock.

About Seaboard

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.