65,026 Shares in CMB.TECH nv $CMBT Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in CMB.TECH nv (NYSE:CMBT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 65,026 shares of the company’s stock, valued at approximately $615,000.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of CMB.TECH during the second quarter worth approximately $27,000. Legal & General Group Plc boosted its holdings 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 purchasing an additional 4,497 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of CMB.TECH in the third quarter valued at approximately $45,000. Pictet Asset Management Holding SA grew its stake in CMB.TECH by 33.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 22,774 shares of the company’s stock worth $217,000 after purchasing an additional 5,688 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new position in CMB.TECH in the third quarter worth approximately $56,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. 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 upgraded CMB.TECH from a “sell” rating to a “hold” rating in a research note on Sunday, April 12th. Finally, Berenberg Bank upgraded CMB.TECH to a “strong-buy” rating in a report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

CMB.TECH Price Performance

Shares of NYSE CMBT opened at $15.15 on Wednesday. CMB.TECH nv has a fifty-two week low of $7.78 and a fifty-two week high of $15.27. The company has a market cap of $2.95 billion, a PE ratio of 23.30 and a beta of 0.06. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.79 and a current ratio of 0.86. The business has a 50-day simple moving average of $13.18 and a two-hundred day simple moving average of $11.73.

CMB.TECH (NYSE:CMBT) last posted its quarterly earnings data on Friday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.03). The company had revenue of $589.12 million for the quarter, compared to analyst estimates of $449.43 million. CMB.TECH had a net margin of 9.70% and a return on equity of 6.25%.

CMB.TECH Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 15th were issued a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. CMB.TECH’s dividend payout ratio (DPR) is currently 27.69%.

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.