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

SG Americas Securities LLC cut its holdings in shares of The Middleby Co. (NASDAQ:MIDD - Free Report) by 94.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,608 shares of the industrial products company's stock after selling 26,344 shares during the period. SG Americas Securities LLC's holdings in Middleby were worth $237,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State of Wyoming grew its position in shares of Middleby by 29.5% during the second quarter. State of Wyoming now owns 334 shares of the industrial products company's stock worth $49,000 after buying an additional 76 shares in the last quarter. Townsquare Capital LLC grew its position in shares of Middleby by 1.4% during the fourth quarter. Townsquare Capital LLC now owns 5,940 shares of the industrial products company's stock worth $795,000 after buying an additional 83 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Middleby by 29.0% during the first quarter. First Horizon Advisors Inc. now owns 414 shares of the industrial products company's stock worth $61,000 after buying an additional 93 shares in the last quarter. Utah Retirement Systems grew its position in shares of Middleby by 1.0% during the fourth quarter. Utah Retirement Systems now owns 9,641 shares of the industrial products company's stock worth $1,291,000 after buying an additional 100 shares in the last quarter. Finally, Studio Investment Management LLC boosted its holdings in Middleby by 3.8% in the fourth quarter. Studio Investment Management LLC now owns 2,923 shares of the industrial products company's stock valued at $391,000 after purchasing an additional 107 shares in the last quarter. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 sale, the director now directly owns 7,971 shares of the company's stock, valued at $1,220,519.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, 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 transaction of $53,014.50. Following the completion of the sale, the director now directly owns 6,306 shares of the company's stock, valued at $955,169.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $153,120.00. Following the sale, the director now directly owns 7,971 shares of the company's stock, valued at $1,220,519.52. The disclosure for this sale can be found here. Corporate insiders own 1.16% of the company's stock.

Middleby Stock Performance

Shares of MIDD traded down $2.24 during mid-day trading on Friday, reaching $145.42. 275,477 shares of the company's stock were exchanged, compared to its average volume of 350,572. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.31 and a quick ratio of 1.21. The stock has a market capitalization of $7.79 billion, a PE ratio of 19.62 and a beta of 1.56. The business's fifty day simple moving average is $151.30 and its 200-day simple moving average is $138.04. The Middleby Co. has a 52-week low of $109.59 and a 52-week high of $161.01.

Middleby (NASDAQ:MIDD - Get Free Report) last announced its earnings results on Tuesday, February 20th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.44 by $0.21. Middleby had a net margin of 9.93% and a return on equity of 16.99%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the firm posted $2.57 earnings per share. The company's revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities research analysts expect that The Middleby Co. will post 10.31 earnings per share for the current year.

Analysts Set New Price Targets

MIDD has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price target on Middleby from $140.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, January 11th. TheStreet raised Middleby from a "c+" rating to a "b-" rating in a report on Monday, January 8th. Finally, Canaccord Genuity Group upped their price target on Middleby from $164.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, 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.