SG Americas Securities LLC Acquires Shares of 158,127 CMB.TECH nv $CMBT

SG Americas Securities LLC bought a new position in CMB.TECH nv (NYSE:CMBT) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 158,127 shares of the company’s stock, valued at approximately $1,485,000. SG Americas Securities LLC owned 0.08% of CMB.TECH as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in CMB.TECH in the second quarter worth $27,000. Legal & General Group Plc raised its stake in shares of CMB.TECH by 221.3% in the second quarter. Legal & General Group Plc now owns 6,529 shares of the company’s stock valued at $59,000 after acquiring an additional 4,497 shares during the period. Orion Porfolio Solutions LLC bought a new stake in shares of CMB.TECH in the 2nd quarter worth about $98,000. Blue Trust Inc. boosted its stake in shares of CMB.TECH by 142.0% during the 3rd quarter. Blue Trust Inc. now owns 12,245 shares of the company’s stock worth $115,000 after purchasing an additional 7,186 shares during the period. Finally, Svenska Handelsbanken AB publ bought a new position in CMB.TECH during the 3rd quarter valued at about $174,000.

Analysts Set New Price Targets

Several brokerages have issued reports on CMBT. Wall Street Zen raised shares of CMB.TECH from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Weiss Ratings upgraded CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, Pareto Securities upgraded CMB.TECH to a “strong-buy” rating in a report on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

CMB.TECH Stock Performance

Shares of NYSE:CMBT opened at $11.52 on Friday. The firm’s 50 day simple moving average is $10.15 and its 200-day simple moving average is $9.53. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.61 and a current ratio of 0.73. CMB.TECH nv has a one year low of $7.65 and a one year high of $11.85. The firm has a market cap of $2.26 billion, a PE ratio of 14.05 and a beta of -0.08.

CMB.TECH (NYSE:CMBT) last announced its quarterly earnings results on Wednesday, November 26th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The firm had revenue of $460.80 million during the quarter, compared to analysts’ expectations of $393.37 million. CMB.TECH had a net margin of 12.64% and a return on equity of 4.28%.

CMB.TECH Dividend Announcement

The company also recently declared a special dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, January 7th were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, January 7th. CMB.TECH’s dividend payout ratio (DPR) is currently 8.54%.

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.