Welbilt, Inc (NYSE:WBT) was the target of some unusual options trading on Wednesday. Investors purchased 1,010 call options on the stock. This represents an increase of approximately 1,704% compared to the average daily volume of 56 call options.
Welbilt stock opened at $16.27 on Friday. The company’s 50 day moving average is $15.97. The company has a quick ratio of 1.08, a current ratio of 1.74 and a debt-to-equity ratio of 8.18. Welbilt has a fifty-two week low of $10.66 and a fifty-two week high of $23.85. The company has a market capitalization of $2.26 billion, a P/E ratio of 20.86 and a beta of 1.67.
Welbilt (NYSE:WBT) last posted its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). Welbilt had a net margin of 3.75% and a return on equity of 57.14%. The company had revenue of $375.30 million for the quarter, compared to the consensus estimate of $373.44 million. During the same period in the prior year, the firm posted $0.15 EPS. The business’s revenue was up 7.1% on a year-over-year basis. As a group, research analysts expect that Welbilt will post 0.75 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of WBT. Gates Capital Management Inc. raised its stake in shares of Welbilt by 71.7% during the fourth quarter. Gates Capital Management Inc. now owns 7,305,875 shares of the industrial products company’s stock valued at $81,168,000 after acquiring an additional 3,050,151 shares in the last quarter. FMR LLC raised its stake in shares of Welbilt by 279.6% during the first quarter. FMR LLC now owns 3,573,391 shares of the industrial products company’s stock valued at $58,533,000 after acquiring an additional 2,631,930 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in shares of Welbilt during the first quarter valued at approximately $24,915,000. Impax Asset Management Group plc raised its stake in shares of Welbilt by 24.6% during the fourth quarter. Impax Asset Management Group plc now owns 7,383,832 shares of the industrial products company’s stock valued at $82,034,000 after acquiring an additional 1,459,895 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Welbilt by 1,829.9% during the first quarter. JPMorgan Chase & Co. now owns 1,150,476 shares of the industrial products company’s stock valued at $18,845,000 after acquiring an additional 1,090,862 shares in the last quarter. 99.85% of the stock is owned by hedge funds and other institutional investors.
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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