SG Americas Securities LLC grew its holdings in Middleby Corp (NASDAQ:MIDD) by 6,813.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 97,336 shares of the industrial products company’s stock after buying an additional 95,928 shares during the period. SG Americas Securities LLC owned 0.17% of Middleby worth $12,657,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Cerity Partners LLC raised its holdings in Middleby by 2.7% during the fourth quarter. Cerity Partners LLC now owns 5,087 shares of the industrial products company’s stock worth $523,000 after purchasing an additional 134 shares in the last quarter. M&T Bank Corp grew its position in Middleby by 3.7% during the fourth quarter. M&T Bank Corp now owns 4,398 shares of the industrial products company’s stock worth $452,000 after buying an additional 156 shares during the period. First Manhattan Co. grew its position in Middleby by 31.0% during the first quarter. First Manhattan Co. now owns 676 shares of the industrial products company’s stock worth $87,000 after buying an additional 160 shares during the period. ETF Managers Group LLC grew its position in Middleby by 18.3% during the fourth quarter. ETF Managers Group LLC now owns 1,073 shares of the industrial products company’s stock worth $110,000 after buying an additional 166 shares during the period. Finally, Hsbc Holdings PLC grew its position in Middleby by 3.8% during the fourth quarter. Hsbc Holdings PLC now owns 5,756 shares of the industrial products company’s stock worth $592,000 after buying an additional 211 shares during the period.
In other Middleby news, Director Chapin Sarah Palisi sold 300 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $124.18, for a total transaction of $37,254.00. Following the sale, the director now directly owns 5,100 shares in the company, valued at approximately $633,318. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John R. Miller III sold 2,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $126.37, for a total transaction of $252,740.00. Following the sale, the director now owns 16,000 shares in the company, valued at $2,021,920. The disclosure for this sale can be found here. Insiders sold a total of 2,400 shares of company stock valued at $303,494 over the last ninety days. Company insiders own 1.98% of the company’s stock.
Several research firms have recently commented on MIDD. BidaskClub lowered shares of Middleby from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 10th. BMO Capital Markets increased their price target on shares of Middleby to $150.00 and gave the company a “positive” rating in a research report on Friday, March 8th. TheStreet upgraded shares of Middleby from a “c+” rating to a “b” rating in a research report on Friday, January 25th. CL King upgraded shares of Middleby from a “buy” rating to a “strong-buy” rating and set a $160.00 price target on the stock in a research report on Wednesday, April 3rd. Finally, Robert W. Baird upgraded shares of Middleby from a “neutral” rating to an “outperform” rating and set a $142.00 target price on the stock in a research report on Tuesday, January 22nd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Middleby has a consensus rating of “Buy” and an average price target of $147.43.
MIDD traded up $0.60 during trading hours on Wednesday, reaching $139.18. 264,573 shares of the stock traded hands, compared to its average volume of 479,131. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 22.82 and a beta of 1.79. Middleby Corp has a fifty-two week low of $96.65 and a fifty-two week high of $140.15. The company has a current ratio of 1.98, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09.
Middleby (NASDAQ:MIDD) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.01. The company had revenue of $686.80 million during the quarter, compared to analyst estimates of $683.01 million. Middleby had a net margin of 11.35% and a return on equity of 21.91%. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the business earned $1.20 EPS. On average, analysts forecast that Middleby Corp will post 6.92 earnings per share for the current fiscal year.
Middleby Company Profile
The Middleby Corporation designs, manufactures, markets, distributes, and services foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Its Commercial Foodservice Equipment Group segment offers foodservice equipment for quick and full-service restaurants, convenience stores, retail outlets, hotels, and other institutions.
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