Stephens Inc. AR boosted its stake in shares of The Middleby Corporation (NASDAQ:MIDD) by 7.1% during the third quarter, Holdings Channel reports. The fund owned 7,994 shares of the company’s stock after buying an additional 531 shares during the period. Stephens Inc. AR’s holdings in The Middleby Corporation were worth $988,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Morgan Stanley raised its position in shares of The Middleby Corporation by 48.9% in the third quarter. Morgan Stanley now owns 445,895 shares of the company’s stock valued at $55,121,000 after buying an additional 146,359 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of The Middleby Corporation by 9.4% in the third quarter. Pacer Advisors Inc. now owns 7,076 shares of the company’s stock valued at $875,000 after buying an additional 608 shares in the last quarter. Capital Growth Management LP bought a new position in shares of The Middleby Corporation during the third quarter valued at approximately $5,192,000. OZ Management LP raised its position in shares of The Middleby Corporation by 8.3% in the third quarter. OZ Management LP now owns 882,623 shares of the company’s stock valued at $109,109,000 after buying an additional 67,676 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of The Middleby Corporation by 32.3% in the third quarter. Principal Financial Group Inc. now owns 16,938 shares of the company’s stock valued at $2,094,000 after buying an additional 4,140 shares in the last quarter. Institutional investors own 93.79% of the company’s stock.

Institutional Ownership by Quarter for The Middleby Corporation (NASDAQ:MIDD)

The Middleby Corporation (NASDAQ:MIDD) traded up 2.34% during midday trading on Friday, reaching $134.95. 228,081 shares of the company’s stock were exchanged. The Middleby Corporation has a 52 week low of $79.11 and a 52 week high of $143.60. The firm has a market capitalization of $7.76 billion, a P/E ratio of 30.39 and a beta of 1.52. The stock’s 50 day moving average is $134.32 and its 200 day moving average is $123.96.

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Several brokerages have recently commented on MIDD. William Blair restated a “market perform” rating on shares of The Middleby Corporation in a report on Wednesday, January 4th. Zacks Investment Research lowered shares of The Middleby Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Macquarie lowered shares of The Middleby Corporation from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $155.00 to $150.00 in a report on Thursday, December 15th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $131.00.

In other news, Director Robert B. Lamb sold 3,422 shares of The Middleby Corporation stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $135.83, for a total transaction of $464,810.26. Following the completion of the sale, the director now directly owns 15,078 shares in the company, valued at $2,048,044.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Philip G. Putnam sold 2,500 shares of The Middleby Corporation stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $139.58, for a total transaction of $348,950.00. Following the sale, the director now owns 13,400 shares of the company’s stock, valued at $1,870,372. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

The Middleby Corporation Company Profile

The Middleby Corporation (Middleby) is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The Company operates in three segments: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group.

5 Day Chart for NASDAQ:MIDD

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