15,715 Shares in The Middleby Co. (NASDAQ:MIDD) Bought by Teza Capital Management LLC

Teza Capital Management LLC purchased a new position in The Middleby Co. (NASDAQ:MIDD) during the 4th quarter, Holdings Channel.com reports. The firm purchased 15,715 shares of the industrial products company’s stock, valued at approximately $2,129,000.

A number of other hedge funds have also bought and sold shares of MIDD. UMB Bank n.a. increased 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 valued at $54,000 after acquiring an additional 116 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Middleby during the fourth quarter valued at $71,000. Principal Securities Inc. increased its position in Middleby by 16.0% during the fourth quarter. Principal Securities Inc. now owns 566 shares of the industrial products company’s stock valued at $77,000 after acquiring an additional 78 shares during the last quarter. Coppell Advisory Solutions LLC increased its position in Middleby by 220.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 606 shares of the industrial products company’s stock valued at $82,000 after acquiring an additional 417 shares during the last quarter. Finally, Crewe Advisors LLC increased its position in Middleby by 73.2% during the fourth 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. Institutional investors own 98.55% of the company’s stock.

Insiders Place Their Bets

In other news, Director Edward P. Garden bought 203,058 shares of Middleby stock in a transaction on Friday, May 9th. The stock was acquired at an average cost of $139.13 per share, for a total transaction of $28,251,459.54. Following the completion of the acquisition, the director now owns 2,838,924 shares of the company’s stock, valued at $394,979,496.12. This trade represents a 7.70% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Chapin Sarah Palisi sold 500 shares of the business’s 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 completion of the transaction, the director now owns 6,111 shares of the company’s stock, valued at $999,209.61. This represents a 7.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 466,495 shares of company stock worth $67,654,167. 6.18% of the stock is owned by corporate insiders.

Middleby Stock Up 1.1%

NASDAQ:MIDD opened at $151.49 on Friday. The Middleby Co. has a 1-year low of $118.41 and a 1-year high of $182.73. The company has a 50-day moving average of $141.11 and a 200 day moving average of $145.78. The firm has a market cap of $8.13 billion, a PE ratio of 20.90 and a beta of 1.65. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.81 and a quick ratio of 1.70.

Middleby (NASDAQ:MIDD) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.14. The company had revenue of $906.63 million during the quarter, compared to analyst estimates of $941.46 million. Middleby had a net margin of 10.14% and a return on equity of 14.66%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.89 earnings per share. As a group, research analysts anticipate that The Middleby Co. will post 9.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MIDD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Middleby from $145.00 to $150.00 and gave the company an “underweight” rating in a research note on Wednesday, February 26th. StockNews.com lowered shares of Middleby from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th. Robert W. Baird lowered their target price on shares of Middleby from $188.00 to $162.00 and set an “outperform” rating for the company in a research note on Thursday, May 8th. KeyCorp lowered their target price on shares of Middleby from $185.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Canaccord Genuity Group lowered their price objective on shares of Middleby from $200.00 to $186.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $168.14.

Middleby Company 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.