Seneca Foods Corp. $SENEA Stock Position Boosted by Invesco Ltd.

Key Points

• Invesco Ltd. increased its ownership in Seneca Foods Corp. by 80.0% during the first quarter, now holding 52,492 shares valued at approximately $4.7 million.
• Several other institutional investors, including Wells Fargo and Barclays, also raised their stakes in Seneca Foods during the last quarter.
• Seneca Foods has recently been downgraded from a "buy" to a "hold" rating by analysts at Wall Street Zen.

Invesco Ltd. lifted its position in shares of Seneca Foods Corp. (NASDAQ:SENEA - Free Report) by 80.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,492 shares of the company's stock after purchasing an additional 23,329 shares during the period. Invesco Ltd. owned about 0.76% of Seneca Foods worth $4,674,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Seneca Foods by 2.1% in the first quarter. Vanguard Group Inc. now owns 307,325 shares of the company's stock valued at $27,364,000 after acquiring an additional 6,208 shares in the last quarter. Northern Trust Corp raised its holdings in Seneca Foods by 11.1% in the fourth quarter. Northern Trust Corp now owns 70,134 shares of the company's stock valued at $5,559,000 after acquiring an additional 7,020 shares in the last quarter. Shufro Rose & Co. LLC raised its holdings in Seneca Foods by 259.1% in the first quarter. Shufro Rose & Co. LLC now owns 34,650 shares of the company's stock valued at $3,085,000 after acquiring an additional 25,000 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in Seneca Foods by 25.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 30,551 shares of the company's stock valued at $2,421,000 after acquiring an additional 6,223 shares in the last quarter. Finally, Money Concepts Capital Corp raised its holdings in Seneca Foods by 1.5% in the first quarter. Money Concepts Capital Corp now owns 29,886 shares of the company's stock valued at $2,661,000 after acquiring an additional 444 shares in the last quarter. 42.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Seneca Foods from a "buy" rating to a "hold" rating in a report on Saturday, August 9th.

Seneca Foods Stock Performance

Shares of Seneca Foods stock traded up $0.70 during trading on Monday, hitting $113.20. 100,606 shares of the stock were exchanged, compared to its average volume of 45,402. The stock's fifty day moving average is $103.89 and its 200 day moving average is $93.22. The stock has a market cap of $776.55 million, a PE ratio of 18.17 and a beta of 0.31. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 4.11. Seneca Foods Corp. has a 12 month low of $59.21 and a 12 month high of $115.40.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.86 earnings per share (EPS) for the quarter. The firm had revenue of $297.46 million during the quarter. Seneca Foods had a net margin of 2.76% and a return on equity of 10.07%.

About Seneca Foods

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred produce; jarred fruit; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby's, Aunt Nellie's, Cherryman, Green Valley, and READ.