Svenska Handelsbanken AB publ purchased a new position in shares of Welbilt, Inc (NYSE:WBT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 54,100 shares of the industrial products company’s stock, valued at approximately $601,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its stake in shares of Welbilt by 72.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,500 shares of the industrial products company’s stock valued at $117,000 after buying an additional 4,400 shares during the period. Glenmede Trust Co. NA lifted its position in shares of Welbilt by 56.1% in the third quarter. Glenmede Trust Co. NA now owns 13,065 shares of the industrial products company’s stock valued at $272,000 after acquiring an additional 4,695 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Welbilt in the fourth quarter valued at $190,000. Fox Run Management L.L.C. purchased a new stake in shares of Welbilt in the fourth quarter valued at $214,000. Finally, Diversified Trust Co lifted its position in shares of Welbilt by 5.5% in the third quarter. Diversified Trust Co now owns 21,100 shares of the industrial products company’s stock valued at $441,000 after acquiring an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 93.17% of the company’s stock.

In related news, VP Richard James Sheffer bought 4,400 shares of the stock in a transaction that occurred on Tuesday, November 27th. The shares were acquired at an average price of $13.71 per share, with a total value of $60,324.00. Following the completion of the transaction, the vice president now owns 4,400 shares in the company, valued at $60,324. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Haresh Shah bought 4,500 shares of the stock in a transaction that occurred on Monday, November 26th. The stock was bought at an average cost of $14.04 per share, for a total transaction of $63,180.00. Following the transaction, the chief financial officer now owns 4,500 shares of the company’s stock, valued at approximately $63,180. The disclosure for this purchase can be found here. Insiders acquired a total of 38,862 shares of company stock worth $522,897 over the last quarter. Corporate insiders own 0.37% of the company’s stock.

Several equities research analysts have commented on the company. William Blair restated a “buy” rating on shares of Welbilt in a research note on Friday, January 11th. ValuEngine downgraded Welbilt from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Longbow Research set a $16.00 target price on Welbilt and gave the stock a “buy” rating in a report on Monday, January 14th. Citigroup cut their price target on Welbilt from $23.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, November 6th. Finally, KeyCorp cut their target price on Welbilt from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. Welbilt currently has an average rating of “Buy” and a consensus price target of $21.11.

NYSE WBT traded down $0.26 during trading hours on Monday, reaching $14.45. 10,506 shares of the company’s stock were exchanged, compared to its average volume of 885,013. The firm has a market cap of $2.06 billion, a PE ratio of 18.82 and a beta of 1.74. Welbilt, Inc has a one year low of $10.66 and a one year high of $23.85. The company has a debt-to-equity ratio of 8.23, a current ratio of 1.36 and a quick ratio of 0.74.

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Welbilt Company Profile

Welbilt is a leading global supplier of commercial foodservice equipment. Their broad, award-winning hot- and cold-side product portfolio includes many brands, including Cleveland Range, Convotherm, Delfield, Frymaster, Garland, Kolpak, Lincoln, Manitowac, Merco, Merrychef, and Multiplex Beverage.

Further Reading: Stock Symbols and CUSIP Explained

Institutional Ownership by Quarter for Welbilt (NYSE:WBT)

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