ArrowMark Colorado Holdings LLC Has $64.19 Million Stake in The Middleby Co. (NASDAQ:MIDD)

ArrowMark Colorado Holdings LLC grew its holdings in shares of The Middleby Co. (NASDAQ:MIDD - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 473,881 shares of the industrial products company's stock after purchasing an additional 24,837 shares during the period. ArrowMark Colorado Holdings LLC owned about 0.88% of Middleby worth $64,187,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. UMB Bank n.a. grew its position in Middleby by 41.1% during the fourth quarter. UMB Bank n.a. now owns 398 shares of the industrial products company's stock worth $54,000 after buying an additional 116 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Middleby during the 4th quarter worth $71,000. Principal Securities Inc. increased its position in shares of Middleby by 16.0% in the fourth quarter. Principal Securities Inc. now owns 566 shares of the industrial products company's stock worth $77,000 after purchasing an additional 78 shares during the period. Coppell Advisory Solutions LLC raised its stake in Middleby by 220.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 606 shares of the industrial products company's stock valued at $82,000 after purchasing an additional 417 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Middleby by 27.2% during the fourth quarter. GAMMA Investing LLC now owns 622 shares of the industrial products company's stock worth $84,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 98.55% of the company's stock.

Middleby Stock Performance

Shares of MIDD stock opened at $138.57 on Friday. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 19.11 and a beta of 1.44. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.66. The business's 50-day moving average price is $144.64 and its 200-day moving average price is $145.42. The Middleby Co. has a 12 month low of $118.41 and a 12 month high of $182.73.

Middleby (NASDAQ:MIDD - Get Free Report) last posted its earnings results on Tuesday, February 25th. The industrial products company reported $2.88 EPS for the quarter, topping the consensus estimate of $2.50 by $0.38. Middleby had a net margin of 10.14% and a return on equity of 14.66%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.69 million. During the same period last year, the company earned $2.65 EPS. The firm's revenue was up .4% compared to the same quarter last year. Equities research analysts forecast that The Middleby Co. will post 9.11 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on MIDD shares. StockNews.com lowered shares of Middleby from a "buy" rating to a "hold" rating in a research report on Thursday, April 10th. KeyCorp decreased their price target on Middleby from $185.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird upped their price objective on Middleby from $157.00 to $227.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Canaccord Genuity Group lifted their target price on Middleby from $192.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Finally, Barclays increased their target price on shares of Middleby from $160.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Middleby currently has an average rating of "Hold" and a consensus price target of $179.43.

Insider Buying and Selling

In other Middleby news, Director Chapin Sarah Palisi sold 500 shares of Middleby stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $163.51, for a total transaction of $81,755.00. Following the transaction, the director now directly owns 6,111 shares of the company's stock, valued at approximately $999,209.61. The trade was a 7.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.18% of the stock is currently owned by insiders.

About Middleby

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.

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