Penserra Capital Management LLC raised its holdings in Middleby Corp (NASDAQ:MIDD) by 111.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 784 shares of the industrial products company’s stock after purchasing an additional 414 shares during the quarter. Penserra Capital Management LLC’s holdings in Middleby were worth $86,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Fiera Capital Corp raised its position in shares of Middleby by 11.3% in the fourth quarter. Fiera Capital Corp now owns 3,363,218 shares of the industrial products company’s stock worth $368,340,000 after acquiring an additional 340,141 shares during the period. Disciplined Growth Investors Inc. MN raised its position in shares of Middleby by 2.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,534,477 shares of the industrial products company’s stock worth $179,380,000 after acquiring an additional 31,819 shares during the period. State Street Corp raised its position in shares of Middleby by 0.7% in the fourth quarter. State Street Corp now owns 1,174,015 shares of the industrial products company’s stock worth $128,578,000 after acquiring an additional 8,207 shares during the period. Turtle Creek Asset Management Inc. raised its position in shares of Middleby by 0.9% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 1,060,196 shares of the industrial products company’s stock worth $116,113,000 after acquiring an additional 9,200 shares during the period. Finally, Pictet Asset Management Ltd. raised its position in shares of Middleby by 10.0% in the fourth quarter. Pictet Asset Management Ltd. now owns 486,667 shares of the industrial products company’s stock worth $53,300,000 after acquiring an additional 44,090 shares during the period. 95.19% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on MIDD shares. Zacks Investment Research upgraded shares of Middleby from a “sell” rating to a “hold” rating and set a $119.00 price objective for the company in a research report on Friday, February 28th. ValuEngine upgraded shares of Middleby from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. BidaskClub downgraded shares of Middleby from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 17th. Finally, Citigroup reduced their price target on shares of Middleby from $115.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Middleby presently has an average rating of “Hold” and a consensus price target of $124.20.

Shares of MIDD traded up $5.34 during mid-day trading on Thursday, hitting $61.03. 2,152,217 shares of the company were exchanged, compared to its average volume of 778,397. Middleby Corp has a 1-year low of $41.73 and a 1-year high of $142.98. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.05 and a current ratio of 2.04. The company has a 50 day moving average of $95.02 and a 200-day moving average of $109.46. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 9.64 and a beta of 1.38.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Wednesday, February 26th. The industrial products company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.29. Middleby had a net margin of 11.90% and a return on equity of 20.64%. The firm had revenue of $787.63 million during the quarter, compared to the consensus estimate of $759.84 million. During the same quarter in the prior year, the firm earned $1.79 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Research analysts anticipate that Middleby Corp will post 7.28 earnings per share for the current fiscal year.

In other Middleby news, Director Nassem Ziyad acquired 1,000 shares of the business’s stock in a transaction on Friday, March 13th. The stock was bought at an average price of $73.30 per share, for a total transaction of $73,300.00. Following the acquisition, the director now owns 7,161 shares in the company, valued at $524,901.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert A. Nerbonne acquired 465 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was acquired at an average price of $108.94 per share, with a total value of $50,657.10. Following the acquisition, the director now owns 1,282 shares in the company, valued at approximately $139,661.08. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 9,365 shares of company stock valued at $735,029. Insiders own 1.98% of the company’s stock.

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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Institutional Ownership by Quarter for Middleby (NASDAQ:MIDD)

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