Envestnet Asset Management Inc. Reduces Position in The Middleby Co. (NASDAQ:MIDD)

Envestnet Asset Management Inc. decreased its position in The Middleby Co. ( NASDAQ:MIDD – Free Report ) by 9.

3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,966 shares of the industrial products company’s stock after selling 10,696 shares during the period. Envestnet Asset Management Inc.



owned approximately 0.19% of Middleby worth $14,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors and hedge funds also recently added to or reduced their stakes in the company.

UMB Bank n.a. raised its stake in shares of Middleby by 41.

1% in the fourth quarter. UMB Bank n.a.

now owns 398 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 116 shares during the last quarter. Principal Securities Inc. raised its position in Middleby by 16.

0% during the 4th quarter. Principal Securities Inc. now owns 566 shares of the industrial products company’s stock worth $77,000 after buying an additional 78 shares during the last quarter.

GAMMA Investing LLC lifted its stake in Middleby by 27.2% during the 4th quarter. GAMMA Investing LLC now owns 622 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 133 shares during the period.

Crewe Advisors LLC boosted its holdings in shares of Middleby by 73.2% in the 4th quarter. Crewe Advisors LLC now owns 710 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 300 shares during the last quarter.

Finally, Jones Financial Companies Lllp increased its stake in shares of Middleby by 286.8% in the fourth quarter. Jones Financial Companies Lllp now owns 762 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 565 shares during the period.

Institutional investors and hedge funds own 98.55% of the company’s stock. Middleby Trading Down 1.

6 % Shares of NASDAQ:MIDD opened at $127.48 on Thursday. The firm has a market capitalization of $6.

84 billion, a price-to-earnings ratio of 17.58 and a beta of 1.44.

The business’s 50 day moving average price is $153.61 and its 200-day moving average price is $145.79.

The company has a debt-to-equity ratio of 0.66, a current ratio of 2.81 and a quick ratio of 1.

70. The Middleby Co. has a 1 year low of $118.

41 and a 1 year high of $182.73. Wall Street Analyst Weigh In Several equities research analysts have commented on MIDD shares.

Barclays upped their price target on shares of Middleby from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th.

StockNews.com downgraded Middleby from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th. Robert W.

Baird lifted their price target on Middleby from $157.00 to $227.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th.

Canaccord Genuity Group upped their price objective on Middleby from $192.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th.

Finally, JPMorgan Chase & Co. lifted their target price on shares of Middleby from $145.00 to $150.

00 and gave the company an “underweight” rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.

com, the stock presently has a consensus rating of “Hold” and an average price target of $179.43. Get Our Latest Research Report on MIDD Insiders Place Their Bets In other Middleby news, Director Chapin Sarah Palisi sold 500 shares of the firm’s stock in a transaction on Monday, March 3rd.

The stock was sold at an average price of $163.51, for a total value of $81,755.00.

Following the transaction, the director now owns 6,111 shares in the company, valued at approximately $999,209.61. This trade represents a 7.

56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website . 6.

18% of the stock is owned by company insiders. About Middleby ( Free Report ) 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.

Read More Want to see what other hedge funds are holding MIDD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Middleby Co. ( NASDAQ:MIDD – Free Report ).

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