Middleby Corp (MIDD) Holdings Lifted by BTIM Corp.

BTIM Corp. boosted its holdings in shares of Middleby Corp (NASDAQ:MIDD) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,511 shares of the industrial products company’s stock after acquiring an additional 6,552 shares during the period. BTIM Corp.’s holdings in Middleby were worth $9,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Trexquant Investment LP bought a new position in Middleby during the third quarter worth about $1,147,000. Vision Capital Management Inc. lifted its holdings in Middleby by 59.3% during the third quarter. Vision Capital Management Inc. now owns 20,961 shares of the industrial products company’s stock worth $2,711,000 after acquiring an additional 7,802 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its holdings in Middleby by 2.7% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,618,017 shares of the industrial products company’s stock worth $209,290,000 after acquiring an additional 42,520 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Middleby by 21.1% during the third quarter. Alliancebernstein L.P. now owns 83,224 shares of the industrial products company’s stock worth $10,765,000 after acquiring an additional 14,477 shares in the last quarter. Finally, Westpac Banking Corp lifted its holdings in Middleby by 963.1% during the third quarter. Westpac Banking Corp now owns 43,886 shares of the industrial products company’s stock worth $5,677,000 after acquiring an additional 39,758 shares in the last quarter.

NASDAQ:MIDD opened at $117.09 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.99 and a current ratio of 1.88. The stock has a market capitalization of $6.42 billion, a P/E ratio of 19.01 and a beta of 1.82. Middleby Corp has a 52-week low of $96.65 and a 52-week high of $138.89.

Middleby (NASDAQ:MIDD) last released its earnings results on Wednesday, November 7th. The industrial products company reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.01). The company had revenue of $713.30 million during the quarter, compared to analyst estimates of $731.46 million. Middleby had a net margin of 11.45% and a return on equity of 22.14%. Middleby’s revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 EPS. On average, analysts anticipate that Middleby Corp will post 5.99 earnings per share for the current year.

A number of analysts have recently commented on MIDD shares. BidaskClub lowered Middleby from a “buy” rating to a “hold” rating in a report on Saturday, December 8th. Seaport Global Securities upgraded Middleby from a “neutral” rating to a “buy” rating in a report on Wednesday, November 14th. Zacks Investment Research upgraded Middleby from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a report on Tuesday, January 8th. TheStreet lowered Middleby from a “b-” rating to a “c+” rating in a report on Friday, December 28th. Finally, Buckingham Research upgraded Middleby from a “neutral” rating to a “buy” rating and boosted their price target for the company from $115.00 to $174.00 in a report on Monday, September 24th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $136.17.

TRADEMARK VIOLATION NOTICE: “Middleby Corp (MIDD) Holdings Lifted by BTIM Corp.” was first published by Markets Daily and is owned by of Markets Daily. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://www.themarketsdaily.com/2019/01/20/middleby-corp-midd-holdings-lifted-by-btim-corp.html.

Middleby 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 cooking and warming equipment for quick and full-service restaurants, convenience stores, retail outlets, hotels, and other institutions.

Further Reading: What are trading strategies for the 52-week high/low?

Want to see what other hedge funds are holding MIDD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Middleby Corp (NASDAQ:MIDD).

Institutional Ownership by Quarter for Middleby (NASDAQ:MIDD)

Receive News & Ratings for Middleby Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Middleby and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply