CMB.TECH nv $CMBT Shares Acquired by UBS Group AG

UBS Group AG lifted its position in shares of CMB.TECH nv (NYSE:CMBT) by 115.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 355,485 shares of the company’s stock after acquiring an additional 190,137 shares during the period. UBS Group AG’s holdings in CMB.TECH were worth $3,430,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of CMB.TECH during the 2nd quarter valued at approximately $27,000. Legal & General Group Plc raised its position in shares of CMB.TECH by 221.3% during the 2nd 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 in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of CMB.TECH during the 3rd quarter valued at approximately $45,000. Sunbelt Securities Inc. acquired a new stake in shares of CMB.TECH during the 3rd quarter valued at approximately $56,000. Finally, Envestnet Asset Management Inc. raised its position in shares of CMB.TECH by 10.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 72,320 shares of the company’s stock valued at $679,000 after acquiring an additional 6,696 shares in the last quarter.

CMB.TECH Price Performance

Shares of NYSE CMBT opened at $16.85 on Monday. CMB.TECH nv has a 1-year low of $7.78 and a 1-year high of $17.72. The company has a quick ratio of 0.79, a current ratio of 0.95 and a debt-to-equity ratio of 1.59. The business’s fifty day moving average price is $13.55 and its two-hundred day moving average price is $12.11.

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

CMB.TECH Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 15th were given a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. CMB.TECH’s dividend payout ratio (DPR) is currently 10.65%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CMBT shares. Weiss Ratings lowered CMB.TECH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Wall Street Zen raised CMB.TECH from a “sell” rating to a “hold” rating in a research report on Sunday, April 12th. Finally, Berenberg Bank raised CMB.TECH to a “strong-buy” rating in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, CMB.TECH has an average rating of “Buy”.

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.