Aviso Financial Inc. Acquires 9,180 Shares of The Middleby Co. (NASDAQ:MIDD)

Aviso Financial Inc. boosted its position in The Middleby Co. (NASDAQ:MIDD - Free Report) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 317,036 shares of the industrial products company's stock after purchasing an additional 9,180 shares during the period. Middleby comprises 2.2% of Aviso Financial Inc.'s holdings, making the stock its 16th largest position. Aviso Financial Inc. owned about 0.59% of Middleby worth $42,943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Covestor Ltd grew its stake in Middleby by 306.5% in the 3rd quarter. Covestor Ltd now owns 252 shares of the industrial products company's stock valued at $35,000 after buying an additional 190 shares during the last quarter. Avior Wealth Management LLC grew its position in shares of Middleby by 820.0% in the third quarter. Avior Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 287 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Middleby by 41.1% during 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 period. Principal Securities Inc. lifted its holdings 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 purchasing an additional 78 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Middleby by 27.2% in the 4th quarter. GAMMA Investing LLC now owns 622 shares of the industrial products company's stock valued at $84,000 after purchasing an additional 133 shares during the period. Institutional investors own 98.55% of the company's stock.

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Middleby Price Performance

Shares of NASDAQ:MIDD traded down $0.08 during trading on Tuesday, hitting $153.44. 436,896 shares of the company were exchanged, compared to its average volume of 594,214. The company has a quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.66. The Middleby Co. has a 1-year low of $118.41 and a 1-year high of $182.73. The company has a market capitalization of $8.23 billion, a P/E ratio of 21.16 and a beta of 1.72. The business's 50 day moving average is $158.09 and its 200-day moving average is $144.85.

Middleby (NASDAQ:MIDD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.88 EPS for the quarter, beating analysts' consensus estimates of $2.50 by $0.38. Middleby had a return on equity of 14.66% and a net margin of 10.14%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $996.69 million. During the same period last year, the firm posted $2.65 earnings per share. The business's revenue for the quarter was up .4% on a year-over-year basis. Equities analysts forecast that The Middleby Co. will post 9.11 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Chapin Sarah Palisi sold 500 shares of the firm'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 directly owns 6,111 shares in the company, valued at $999,209.61. This trade represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MIDD has been the subject of a number of research reports. KeyCorp lifted their target price on Middleby from $160.00 to $185.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Canaccord Genuity Group increased their target price on shares of Middleby from $192.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. StockNews.com downgraded shares of Middleby from a "buy" rating to a "hold" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their price target on Middleby from $145.00 to $150.00 and gave the company an "underweight" rating in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $160.00 target price (down from $170.00) on shares of Middleby in a report on Thursday, December 12th. One investment 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 data from MarketBeat, Middleby currently has an average rating of "Hold" and a consensus price target of $180.86.

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.