Quent Capital LLC Cuts Stock Position in The Middleby Co. (NASDAQ:MIDD)

Quent Capital LLC reduced its holdings in shares of The Middleby Co. (NASDAQ:MIDD - Free Report) by 95.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 360 shares of the industrial products company's stock after selling 7,132 shares during the period. Quent Capital LLC's holdings in Middleby were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Cardinal Capital Management grew its holdings in shares of Middleby by 16.2% during the third quarter. Cardinal Capital Management now owns 8,632 shares of the industrial products company's stock valued at $1,201,000 after buying an additional 1,205 shares during the last quarter. Net Worth Advisory Group acquired a new stake in Middleby during the 3rd quarter worth about $238,000. Dixon Mitchell Investment Counsel Inc. grew its stake in Middleby by 6.6% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 225,210 shares of the industrial products company's stock valued at $31,333,000 after purchasing an additional 13,935 shares during the last quarter. Oldfield Partners LLP increased its holdings in shares of Middleby by 1.5% in the third quarter. Oldfield Partners LLP now owns 332,473 shares of the industrial products company's stock valued at $46,257,000 after purchasing an additional 4,837 shares during the period. Finally, Greenleaf Trust raised its stake in shares of Middleby by 8.1% in the third quarter. Greenleaf Trust now owns 1,936 shares of the industrial products company's stock worth $269,000 after purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 98.55% of the company's stock.

Middleby Stock Performance

Shares of MIDD traded up $1.33 during trading hours on Monday, hitting $168.33. The stock had a trading volume of 636,889 shares, compared to its average volume of 927,504. The firm has a 50-day moving average price of $148.24 and a 200 day moving average price of $141.67. The Middleby Co. has a fifty-two week low of $118.41 and a fifty-two week high of $177.90. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 23.22 and a beta of 1.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.70 and a current ratio of 2.81.

Wall Street Analyst Weigh In

MIDD has been the topic of a number of recent research reports. Canaccord Genuity Group upped their target price on Middleby from $155.00 to $192.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Robert W. Baird upped their price objective on shares of Middleby from $157.00 to $227.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. KeyCorp increased their price objective on shares of Middleby from $160.00 to $185.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. Jefferies Financial Group restated a "hold" rating and set a $160.00 target price (down from $170.00) on shares of Middleby in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of Middleby from $134.00 to $145.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $178.83.

About Middleby

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.