Seaboard (NYSEAMERICAN:SEB) Sets New 1-Year Low – What’s Next?

Seaboard Co. (NYSEAMERICAN:SEB)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $2,916.15 and last traded at $2,930.00, with a volume of 156 shares traded. The stock had previously closed at $2,948.15.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Seaboard from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th.

Seaboard Trading Down 1.0 %

The stock has a market cap of $2.83 billion, a P/E ratio of 11.35 and a beta of 0.35. 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 (NYSEAMERICAN:SEB) last posted its earnings results on Tuesday, July 30th. The company reported $62.82 EPS for the quarter. Seaboard had a return on equity of 5.69% and a net margin of 3.01%. The business had revenue of $2.21 billion during the quarter.

Hedge Funds Weigh In On Seaboard

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Herr Investment Group LLC purchased a new position in shares of Seaboard in the 1st quarter worth about $20,714,000. AQR Capital Management LLC boosted its stake in Seaboard by 81.4% in the second quarter. AQR Capital Management LLC now owns 9,204 shares of the company’s stock worth $28,957,000 after buying an additional 4,129 shares in the last quarter. Edgestream Partners L.P. grew its position in Seaboard by 187.6% during the first quarter. Edgestream Partners L.P. now owns 2,327 shares of the company’s stock valued at $7,502,000 after acquiring an additional 1,518 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Seaboard by 91.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,981 shares of the company’s stock worth $9,422,000 after acquiring an additional 1,421 shares in the last quarter. Finally, Factorial Partners LLC purchased a new position in shares of Seaboard during the second quarter worth approximately $3,834,000. 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.