SG Americas Securities LLC Has $237,000 Stake in The Middleby Co. (NASDAQ:MIDD)

SG Americas Securities LLC trimmed its position in shares of The Middleby Co. (NASDAQ:MIDD) by 94.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,608 shares of the industrial products company’s stock after selling 26,344 shares during the quarter. SG Americas Securities LLC’s holdings in Middleby were worth $237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in MIDD. Select Equity Group L.P. lifted its holdings in shares of Middleby by 13.6% during the 4th quarter. Select Equity Group L.P. now owns 4,536,791 shares of the industrial products company’s stock valued at $607,476,000 after buying an additional 541,956 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Middleby by 23.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,171,437 shares of the industrial products company’s stock worth $290,756,000 after purchasing an additional 407,150 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in Middleby by 192.8% in the 1st quarter. Balyasny Asset Management L.P. now owns 532,784 shares of the industrial products company’s stock worth $78,111,000 after purchasing an additional 350,793 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new stake in Middleby in the 1st quarter worth approximately $31,419,000. Finally, Nordea Investment Management AB lifted its holdings in Middleby by 13.3% in the 4th quarter. Nordea Investment Management AB now owns 1,696,476 shares of the industrial products company’s stock worth $251,621,000 after purchasing an additional 198,859 shares during the last quarter. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Middleby Stock Performance

Shares of NASDAQ MIDD opened at $147.66 on Friday. The business has a fifty day simple moving average of $151.26 and a 200 day simple moving average of $137.94. The company has a current ratio of 2.31, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 19.93 and a beta of 1.56. The Middleby Co. has a one year low of $109.59 and a one year high of $161.01.

Middleby (NASDAQ:MIDD) last issued its earnings results on Tuesday, February 20th. The industrial products company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.21. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Middleby had a return on equity of 16.99% and a net margin of 9.93%. Middleby’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.57 earnings per share. Sell-side analysts expect that The Middleby Co. will post 10.31 EPS for the current year.

Insider Activity at Middleby

In related news, Director Chapin Sarah Palisi sold 350 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $151.47, for a total value of $53,014.50. Following the completion of the transaction, the director now directly owns 6,306 shares in the company, valued at $955,169.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Middleby news, Director Cathy L. Mccarthy sold 1,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $153.12, for a total transaction of $153,120.00. Following the completion of the transaction, the director now directly owns 7,971 shares in the company, valued at $1,220,519.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Chapin Sarah Palisi sold 350 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $151.47, for a total value of $53,014.50. Following the transaction, the director now owns 6,306 shares of the company’s stock, valued at $955,169.82. The disclosure for this sale can be found here. 1.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MIDD shares. Canaccord Genuity Group boosted their target price on Middleby from $164.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Jefferies Financial Group boosted their target price on Middleby from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, TheStreet upgraded Middleby from a “c+” rating to a “b-” rating in a report on Monday, January 8th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $159.38.

Middleby Profile

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.