Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of CMB.TECH nv (NYSE:CMBT – Free Report) during the 4th quarter, HoldingsChannel reports. The firm purchased 65,026 shares of the company’s stock, valued at approximately $615,000.
Several other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of CMB.TECH during the second quarter worth $27,000. Legal & General Group Plc increased its holdings in CMB.TECH by 221.3% in the second quarter. Legal & General Group Plc now owns 6,529 shares of the company’s stock valued at $59,000 after buying an additional 4,497 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of CMB.TECH in the 3rd quarter valued at about $45,000. Pictet Asset Management Holding SA boosted its position in CMB.TECH by 33.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 22,774 shares of the company’s stock worth $217,000 after purchasing an additional 5,688 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in CMB.TECH in the third quarter valued at approximately $56,000.
CMB.TECH Trading Up 2.5%
Shares of CMBT opened at $15.15 on Wednesday. CMB.TECH nv has a 52-week low of $7.78 and a 52-week high of $15.27. The stock has a market cap of $2.95 billion, a PE ratio of 23.30 and a beta of 0.06. The firm’s fifty day moving average is $13.18 and its two-hundred day moving average is $11.73. The company has a quick ratio of 0.79, a current ratio of 0.86 and a debt-to-equity ratio of 1.80.
CMB.TECH Dividend Announcement
The firm also recently disclosed a special dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 15th were issued a $0.16 dividend. The ex-dividend date was Wednesday, April 15th. CMB.TECH’s dividend payout ratio is presently 27.69%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the stock. Weiss Ratings cut shares of CMB.TECH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Wall Street Zen upgraded CMB.TECH from a “sell” rating to a “hold” rating in a report on Sunday, April 12th. Finally, Berenberg Bank upgraded CMB.TECH to a “strong-buy” rating in a research note on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.
View Our Latest Report on CMB.TECH
CMB.TECH Profile
Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.
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