UBS Group AG Raises Stake in CMB.TECH nv $CMBT

UBS Group AG lifted its position in shares of CMB.TECH nv (NYSE:CMBT) by 115.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 355,485 shares of the company’s stock after purchasing an additional 190,137 shares during the quarter. UBS Group AG’s holdings in CMB.TECH were worth $3,430,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in CMB.TECH by 42.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,827 shares of the company’s stock worth $313,000 after acquiring an additional 9,803 shares during the period. Sage Investment Counsel LLC purchased a new position in CMB.TECH in the 4th quarter worth approximately $96,000. Graham Capital Wealth Management LLC boosted its holdings in CMB.TECH by 36.3% in the 4th quarter. Graham Capital Wealth Management LLC now owns 437,222 shares of the company’s stock worth $4,219,000 after acquiring an additional 116,500 shares during the period. JPMorgan Chase & Co. boosted its holdings in CMB.TECH by 41.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,449 shares of the company’s stock worth $408,000 after acquiring an additional 12,697 shares during the period. Finally, Mirabella Financial Services LLP purchased a new position in CMB.TECH in the 3rd quarter worth approximately $22,386,000.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CMBT shares. Weiss Ratings cut CMB.TECH from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Berenberg Bank upgraded CMB.TECH to a “strong-buy” rating in a report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded CMB.TECH from a “sell” rating to a “hold” rating in a report on Sunday, April 12th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

CMB.TECH Price Performance

CMB.TECH stock opened at $16.85 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.79 and a debt-to-equity ratio of 1.59. The stock has a 50 day moving average of $13.55 and a 200-day moving average of $12.11. CMB.TECH nv has a 52 week low of $7.78 and a 52 week high of $17.72.

CMB.TECH (NYSE:CMBT) last released its earnings results on Tuesday, May 19th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $0.27 by $1.00. The company had revenue of $519.63 million during the quarter, compared to analysts’ expectations of $422.43 million. CMB.TECH had a return on equity of 18.25% and a net margin of 24.94%.

CMB.TECH Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 15th were paid a dividend of $0.16 per share. The ex-dividend date was Wednesday, April 15th. CMB.TECH’s dividend payout ratio is 10.65%.

About CMB.TECH

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.