CMB.TECH (NYSE:CMBT) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of CMB.TECH (NYSE:CMBT) from a buy rating to a hold rating in a report published on Sunday,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of CMB.TECH from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, CMB.TECH presently has an average rating of “Strong Buy”.

CMB.TECH Trading Down 1.0%

NYSE CMBT opened at $18.18 on Friday. The stock has a 50-day simple moving average of $18.95 and a two-hundred day simple moving average of $15.29. CMB.TECH has a fifty-two week low of $9.03 and a fifty-two week high of $21.19.

CMB.TECH (NYSE:CMBT) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $1.26 earnings per share (EPS) for the quarter. The company had revenue of $703.94 million during the quarter.

CMB.TECH Announces Dividend

The firm also recently declared a special dividend, which was paid on Thursday, October 22nd. Investors of record on Friday, October 16th were paid a $0.43 dividend. The ex-dividend date was Friday, October 16th.

Hedge Funds Weigh In On CMB.TECH

A number of large investors have recently bought and sold shares of the business. WINTON GROUP Ltd grew its holdings in CMB.TECH by 31.7% in the second quarter. WINTON GROUP Ltd now owns 69,800 shares of the company’s stock valued at $977,000 after purchasing an additional 16,800 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of CMB.TECH during the 2nd quarter valued at approximately $46,000. BTG Pactual Asset Management US LLC lifted its position in shares of CMB.TECH by 528.9% during the 2nd quarter. BTG Pactual Asset Management US LLC now owns 559,729 shares of the company’s stock valued at $7,831,000 after buying an additional 470,726 shares in the last quarter. Optiver Holding B.V. grew its stake in CMB.TECH by 145.7% in the 1st quarter. Optiver Holding B.V. now owns 12,473 shares of the company’s stock valued at $158,000 after acquiring an additional 7,397 shares during the period. Finally, Bank of America Corp DE grew its stake in CMB.TECH by 526.9% in the 1st quarter. Bank of America Corp DE now owns 1,072,822 shares of the company’s stock valued at $13,571,000 after acquiring an additional 901,688 shares during the period.

About CMB.TECH

CMB.TECH is a diversified maritime and clean-technology company headquartered in Antwerp, Belgium. The company owns and operates a fleet of commercial vessels serving international trade, with activities spanning dry bulk shipping, container shipping, chemical tankers and other specialized maritime segments.

In addition to conventional shipping, CMB.TECH develops and deploys low-carbon technologies for maritime and industrial applications. Its portfolio includes vessels and equipment designed to operate on alternative fuels such as hydrogen and ammonia, as well as related hydrogen-fueled trucks, locomotives and marine applications.