SG Americas Securities LLC Grows Position in CMB.TECH nv $CMBT

SG Americas Securities LLC lifted its position in shares of CMB.TECH nv (NYSE:CMBT) by 90.4% during the first quarter, Holdings Channel.com reports. The firm owned 223,691 shares of the company’s stock after acquiring an additional 106,181 shares during the period. SG Americas Securities LLC’s holdings in CMB.TECH were worth $2,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Graham Capital Wealth Management LLC boosted its holdings in CMB.TECH by 36.3% during the fourth quarter. Graham Capital Wealth Management LLC now owns 437,222 shares of the company’s stock worth $4,219,000 after buying an additional 116,500 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in CMB.TECH during the fourth quarter valued at $615,000. Quantbot Technologies LP acquired a new stake in CMB.TECH during the third quarter valued at $494,000. Mirabella Financial Services LLP purchased a new position in CMB.TECH in the third quarter valued at $22,386,000. Finally, Norges Bank purchased a new position in CMB.TECH in the fourth quarter valued at $21,956,000.

Analyst Ratings Changes

A number of research analysts have weighed in on CMBT shares. Weiss Ratings upgraded shares of CMB.TECH from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded CMB.TECH from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, Berenberg Bank upgraded CMB.TECH to a “strong-buy” rating in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy”.

CMB.TECH Trading Down 0.6%

Shares of CMBT stock opened at $13.99 on Wednesday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.95 and a quick ratio of 0.85. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 8.28 and a beta of 0.10. The stock has a 50 day simple moving average of $14.85 and a 200-day simple moving average of $13.05. CMB.TECH nv has a 1-year low of $7.78 and a 1-year high of $17.72.

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

CMB.TECH Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 3rd were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. CMB.TECH’s dividend payout ratio (DPR) is presently 36.69%.

CMB.TECH Company Profile

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.