The Middleby Co. (NASDAQ:MIDD) Stock Holdings Lifted by Entropy Technologies LP

Entropy Technologies LP raised its position in shares of The Middleby Co. (NASDAQ:MIDD) by 281.3% in the fourth quarter, Holdings Channel reports. The firm owned 6,864 shares of the industrial products company’s stock after buying an additional 5,064 shares during the period. Entropy Technologies LP’s holdings in Middleby were worth $930,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Verdence Capital Advisors LLC raised its position in Middleby by 4.0% during the third quarter. Verdence Capital Advisors LLC now owns 2,278 shares of the industrial products company’s stock valued at $317,000 after acquiring an additional 88 shares in the last quarter. Townsquare Capital LLC increased its stake in shares of Middleby by 1.4% during the 3rd quarter. Townsquare Capital LLC now owns 6,259 shares of the industrial products company’s stock worth $871,000 after purchasing an additional 89 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Middleby by 5.2% during the 3rd quarter. Assetmark Inc. now owns 1,868 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 93 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Middleby by 41.1% in the 4th quarter. UMB Bank n.a. now owns 398 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 116 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Middleby by 27.2% in 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 in the last quarter. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Middleby Trading Up 0.2 %

Shares of Middleby stock opened at $165.26 on Tuesday. The Middleby Co. has a 1 year low of $118.41 and a 1 year high of $177.90. The company’s fifty day simple moving average is $145.81 and its 200-day simple moving average is $140.58. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 22.79 and a beta of 1.64. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.66.

Analyst Ratings Changes

MIDD has been the topic of several recent research reports. Canaccord Genuity Group raised their target price on Middleby from $155.00 to $192.00 and gave the company a “buy” rating in a report on Monday, January 27th. Jefferies Financial Group reissued a “hold” rating and issued a $160.00 price objective (down from $170.00) on shares of Middleby in a research note on Thursday, December 12th. KeyCorp upped their target price on Middleby from $160.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on shares of Middleby from $134.00 to $145.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Finally, StockNews.com cut shares of Middleby from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $178.83.

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.