BNP Paribas Arbitrage SA increased its stake in shares of The Middleby Corp. (NASDAQ:MIDD) by 305.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 941 shares of the company’s stock after buying an additional 709 shares during the period. BNP Paribas Arbitrage SA’s holdings in The Middleby Corp. were worth $116,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of MIDD. JPMorgan Chase & Co. boosted its position in The Middleby Corp. by 12.5% in the first quarter. JPMorgan Chase & Co. now owns 1,132,855 shares of the company’s stock valued at $120,956,000 after buying an additional 125,523 shares during the last quarter. Calamos Advisors LLC acquired a new position in shares of The Middleby Corp. during the second quarter worth approximately $23,355,000. Handelsbanken Fonder AB boosted its position in shares of The Middleby Corp. by 72.3% in the second quarter. Handelsbanken Fonder AB now owns 286,000 shares of the company’s stock worth $32,962,000 after buying an additional 120,000 shares during the last quarter. State Street Corp boosted its position in shares of The Middleby Corp. by 3.9% in the first quarter. State Street Corp now owns 709,942 shares of the company’s stock worth $75,801,000 after buying an additional 26,405 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of The Middleby Corp. during the first quarter worth approximately $27,223,000. 95.09% of the stock is owned by institutional investors.
The Middleby Corp. (NASDAQ:MIDD) opened at 118.33 on Friday. The Middleby Corp. has a 52 week low of $79.11 and a 52 week high of $140.98. The stock has a market capitalization of $6.81 billion, a PE ratio of 29.81 and a beta of 1.45. The firm has a 50 day moving average of $123.69 and a 200-day moving average of $118.57.
The Middleby Corp. (NASDAQ:MIDD) last released its quarterly earnings data on Wednesday, August 10th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.11 by $0.17. The Middleby Corp. had a net margin of 10.89% and a return on equity of 20.50%. On average, equities analysts predict that The Middleby Corp. will post $4.80 EPS for the current year.
MIDD has been the subject of a number of recent research reports. Deutsche Bank AG initiated coverage on shares of The Middleby Corp. in a research note on Tuesday, September 6th. They issued a “hold” rating and a $123.00 price objective for the company. Wellington Shields raised shares of The Middleby Corp. from a “hold” rating to an “accumulate” rating in a research note on Friday, September 9th. Finally, Zacks Investment Research cut shares of The Middleby Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $126.80.
About The Middleby Corp.
The Middleby Corporation (Middleby) is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The Company operates in three segments: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group.
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