Welbilt Inc (WBT) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Welbilt Inc (NYSE:WBT) by 41.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,730 shares of the industrial products company’s stock after purchasing an additional 2,268 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Welbilt were worth $182,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Schwab Charles Investment Management Inc. increased its stake in Welbilt by 18.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 627,205 shares of the industrial products company’s stock valued at $14,746,000 after purchasing an additional 97,429 shares in the last quarter. Three Peaks Capital Management LLC increased its stake in Welbilt by 35.0% in the fourth quarter. Three Peaks Capital Management LLC now owns 263,556 shares of the industrial products company’s stock valued at $6,196,000 after purchasing an additional 68,270 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in Welbilt by 31.9% in the fourth quarter. Frontier Capital Management Co. LLC now owns 166,221 shares of the industrial products company’s stock valued at $3,908,000 after purchasing an additional 40,166 shares in the last quarter. Foundry Partners LLC bought a new stake in Welbilt in the fourth quarter valued at $1,580,000. Finally, IFC Holdings Incorporated FL bought a new stake in Welbilt in the fourth quarter valued at $1,176,000. 93.60% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on WBT shares. Zacks Investment Research upgraded shares of Welbilt from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Saturday, January 13th. Susquehanna Bancshares set a $25.00 price objective on shares of Welbilt and gave the company a “positive” rating in a report on Tuesday, February 13th. Finally, Barclays started coverage on shares of Welbilt in a report on Tuesday, December 12th. They set an “overweight” rating and a $25.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $24.50.

In other news, COO Josef Matosevic sold 1,681 shares of Welbilt stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $21.79, for a total transaction of $36,628.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 3,158 shares of company stock valued at $69,900 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

Welbilt Inc (NYSE:WBT) opened at $22.01 on Friday. The stock has a market cap of $3,060.00 and a PE ratio of 34.94. Welbilt Inc has a twelve month low of $17.98 and a twelve month high of $23.77. The company has a current ratio of 1.35, a quick ratio of 0.79 and a debt-to-equity ratio of 29.38.

ILLEGAL ACTIVITY WARNING: “Welbilt Inc (WBT) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/02/24/welbilt-inc-wbt-shares-bought-by-zurcher-kantonalbank-zurich-cantonalbank.html.

About Welbilt

Welbilt, Inc, formerly Manitowoc Foodservice, Inc, is a commercial foodservice equipment company. The Company designs, manufactures and supplies food and beverage equipment for the global commercial foodservice market, offering customers operator and patron insights, kitchen solutions, culinary expertise, and implementation support and service.

Want to see what other hedge funds are holding WBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welbilt Inc (NYSE:WBT).

Institutional Ownership by Quarter for Welbilt (NYSE:WBT)

Receive News & Ratings for Welbilt Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welbilt and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply