Lazard Asset Management LLC raised its stake in shares of Seneca Foods Corp. (NASDAQ:SENEA – Free Report) by 30.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,470 shares of the company’s stock after purchasing an additional 13,564 shares during the period. Lazard Asset Management LLC’s holdings in Seneca Foods were worth $8,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of SENEA. EverSource Wealth Advisors LLC bought a new position in shares of Seneca Foods during the 2nd quarter valued at approximately $36,000. Public Employees Retirement System of Ohio bought a new stake in Seneca Foods in the first quarter worth $54,000. Quarry LP bought a new stake in Seneca Foods in the third quarter worth $57,000. Employees Retirement System of Texas bought a new stake in Seneca Foods in the third quarter worth $64,000. Finally, Van ECK Associates Corp boosted its stake in Seneca Foods by 34.8% during the third quarter. Van ECK Associates Corp now owns 818 shares of the company’s stock worth $88,000 after buying an additional 211 shares during the period. 42.51% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have weighed in on SENEA shares. Weiss Ratings upgraded shares of Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, June 15th. Wall Street Zen raised shares of Seneca Foods from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Finally, Freedom Capital upgraded shares of Seneca Foods to a “strong-buy” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, Seneca Foods has an average rating of “Strong Buy”.
Seneca Foods Stock Performance
Shares of Seneca Foods stock opened at $167.30 on Friday. The company has a current ratio of 5.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average price is $161.85 and its 200-day moving average price is $145.29. The firm has a market cap of $1.13 billion, a P/E ratio of 10.08 and a beta of -0.07. Seneca Foods Corp. has a 12 month low of $99.58 and a 12 month high of $187.61.
About Seneca Foods
Seneca Foods Corporation is a leading producer and distributor of shelf-stable fruits, vegetables and fruit‐based products. The company’s core activities include the processing, packaging and sale of canned fruits and vegetables, natural fruit juices, apple sauces and fruit‐based snacks. Seneca Foods caters to both retail and foodservice markets, supplying national and international grocers, restaurant chains and food manufacturers with branded and private‐label products.
Seneca Foods operates a network of manufacturing facilities and cold storage warehouses across North America, with key processing plants in New York, Michigan, California and Canada.
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