State of Alaska Department of Revenue Trims Position in The Middleby Co. (NASDAQ:MIDD)

State of Alaska Department of Revenue decreased its position in shares of The Middleby Co. (NASDAQ:MIDD) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,137 shares of the industrial products company’s stock after selling 75 shares during the period. State of Alaska Department of Revenue’s holdings in Middleby were worth $831,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Crewe Advisors LLC lifted its stake in shares of 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 buying an additional 300 shares during the period. Hunter Perkins Capital Management LLC lifted its stake in shares of Middleby by 25.7% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 63,075 shares of the industrial products company’s stock valued at $8,544,000 after buying an additional 12,905 shares during the period. Blue Trust Inc. lifted its stake in shares of Middleby by 121.4% during the fourth quarter. Blue Trust Inc. now owns 4,423 shares of the industrial products company’s stock valued at $615,000 after buying an additional 2,425 shares during the period. First Citizens Bank & Trust Co. purchased a new position in shares of Middleby during the fourth quarter valued at approximately $219,000. Finally, Olstein Capital Management L.P. lifted its stake in shares of Middleby by 3.6% during the fourth quarter. Olstein Capital Management L.P. now owns 71,000 shares of the industrial products company’s stock valued at $9,617,000 after buying an additional 2,500 shares during the period. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Analyst Ratings Changes

MIDD has been the topic of several recent analyst reports. KeyCorp upped their price objective on shares of Middleby from $160.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Robert W. Baird upped their price target on shares of Middleby from $157.00 to $227.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Jefferies Financial Group reaffirmed a “hold” rating and set a $160.00 price target (down previously from $170.00) on shares of Middleby in a research report on Thursday, December 12th. StockNews.com lowered shares of Middleby from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. upped their price target on shares of Middleby from $134.00 to $145.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $178.83.

Middleby Price Performance

Middleby stock opened at $167.00 on Friday. The Middleby Co. has a 52-week low of $118.41 and a 52-week high of $177.90. The firm has a fifty day moving average of $147.20 and a 200-day moving average of $141.17. The firm has a market capitalization of $8.98 billion, a P/E ratio of 23.03 and a beta of 1.64. The company has a quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.66.

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.