Welbilt (NYSE:WBT) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Wednesday, ValuEngine reports.

A number of other equities analysts also recently commented on WBT. Robert W. Baird set a $18.00 price objective on Welbilt and gave the stock a “buy” rating in a report on Wednesday, February 20th. Barclays restated a “buy” rating and issued a $19.00 price objective on shares of Welbilt in a report on Wednesday, February 20th. Finally, Zacks Investment Research upgraded Welbilt from a “sell” rating to a “hold” rating in a report on Saturday, April 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Welbilt currently has an average rating of “Buy” and a consensus price target of $20.14.

Shares of NYSE WBT traded down $0.11 during mid-day trading on Wednesday, reaching $15.69. The company had a trading volume of 785,281 shares, compared to its average volume of 1,249,728. The company has a debt-to-equity ratio of 8.18, a current ratio of 1.74 and a quick ratio of 1.08. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 20.12 and a beta of 1.69. Welbilt has a 12-month low of $10.66 and a 12-month high of $23.85.

Welbilt (NYSE:WBT) last released its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Welbilt had a return on equity of 57.14% and a net margin of 3.75%. The firm had revenue of $375.30 million during the quarter, compared to analyst estimates of $373.44 million. During the same quarter in the prior year, the company posted $0.15 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts predict that Welbilt will post 0.76 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in WBT. JPMorgan Chase & Co. raised its position in Welbilt by 21.3% during the third quarter. JPMorgan Chase & Co. now owns 225,323 shares of the industrial products company’s stock worth $4,704,000 after acquiring an additional 39,538 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Welbilt by 9.2% during the third quarter. TIAA CREF Investment Management LLC now owns 1,499,294 shares of the industrial products company’s stock worth $31,305,000 after acquiring an additional 126,492 shares during the last quarter. KBC Group NV grew its holdings in shares of Welbilt by 34.0% during the fourth quarter. KBC Group NV now owns 23,488 shares of the industrial products company’s stock worth $261,000 after buying an additional 5,956 shares in the last quarter. Comerica Bank grew its holdings in shares of Welbilt by 20.5% during the fourth quarter. Comerica Bank now owns 274,304 shares of the industrial products company’s stock worth $3,758,000 after buying an additional 46,757 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Welbilt by 0.8% during the fourth quarter. Jennison Associates LLC now owns 584,786 shares of the industrial products company’s stock worth $6,497,000 after buying an additional 4,908 shares in the last quarter. Hedge funds and other institutional investors own 99.99% of the company’s stock.

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.

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Analyst Recommendations for Welbilt (NYSE:WBT)

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