Blue Trust Inc. Has $46,000 Stock Holdings in CMB.TECH nv $CMBT

Blue Trust Inc. reduced its holdings in CMB.TECH nv (NYSE:CMBT) by 21.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,059 shares of the company’s stock after selling 1,406 shares during the quarter. Blue Trust Inc.’s holdings in CMB.TECH were worth $46,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its position in CMB.TECH by 17.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 248,014 shares of the company’s stock valued at $2,252,000 after acquiring an additional 37,356 shares during the period. XTX Topco Ltd acquired a new position in CMB.TECH in the 1st quarter valued at approximately $147,000. SBI Securities Co. Ltd. increased its position in CMB.TECH by 27.5% in the 1st quarter. SBI Securities Co. Ltd. now owns 6,934 shares of the company’s stock valued at $63,000 after acquiring an additional 1,496 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in CMB.TECH by 9.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 72,292 shares of the company’s stock valued at $656,000 after acquiring an additional 6,304 shares during the period.

Wall Street Analysts Forecast Growth

CMBT has been the subject of several recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of CMB.TECH in a research report on Wednesday, October 8th. Wall Street Zen cut shares of CMB.TECH from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

CMB.TECH Trading Down 0.1%

NYSE:CMBT opened at $9.63 on Friday. The firm has a market cap of $1.87 billion, a P/E ratio of 7.76 and a beta of 0.04. CMB.TECH nv has a 52 week low of $7.65 and a 52 week high of $16.39. The firm’s fifty day moving average is $9.11 and its 200-day moving average is $9.14. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.84 and a current ratio of 0.92.

CMB.TECH (NYSE:CMBT) last issued its earnings results on Thursday, August 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.10). The company had revenue of $387.81 million for the quarter, compared to the consensus estimate of $259.00 million. CMB.TECH had a return on equity of 6.02% and a net margin of 22.69%.

CMB.TECH Dividend Announcement

The business also recently announced a special dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, October 2nd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, October 2nd. CMB.TECH’s dividend payout ratio is currently 3.23%.

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.