UBS Group AG raised its position in Welbilt, Inc (NYSE:WBT) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 520,010 shares of the industrial products company’s stock after purchasing an additional 9,155 shares during the quarter. UBS Group AG owned 0.37% of Welbilt worth $8,685,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ladenburg Thalmann Financial Services Inc. raised its position in Welbilt by 6.0% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,375 shares of the industrial products company’s stock valued at $244,000 after purchasing an additional 813 shares during the period. Eaton Vance Management raised its position in Welbilt by 14.4% in the second quarter. Eaton Vance Management now owns 404,063 shares of the industrial products company’s stock valued at $6,748,000 after purchasing an additional 50,857 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Welbilt by 30.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 27,194 shares of the industrial products company’s stock valued at $454,000 after purchasing an additional 6,303 shares during the period. Voloridge Investment Management LLC purchased a new stake in Welbilt in the second quarter valued at approximately $1,033,000. Finally, Nuveen Asset Management LLC purchased a new stake in Welbilt in the second quarter valued at approximately $135,031,000.

Welbilt stock opened at $16.31 on Wednesday. Welbilt, Inc has a twelve month low of $10.66 and a twelve month high of $20.12. The stock’s fifty day simple moving average is $16.26 and its 200-day simple moving average is $16.29. The company has a current ratio of 1.70, a quick ratio of 1.07 and a debt-to-equity ratio of 6.81. The firm has a market capitalization of $2.30 billion, a P/E ratio of 20.91 and a beta of 1.67.

Welbilt (NYSE:WBT) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $426.30 million for the quarter, compared to analyst estimates of $427.07 million. Welbilt had a return on equity of 52.45% and a net margin of 4.23%. The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. Sell-side analysts predict that Welbilt, Inc will post 0.73 earnings per share for the current year.

A number of analysts have recently weighed in on the company. ValuEngine raised Welbilt from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Citigroup raised Welbilt from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $17.00 to $19.00 in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $19.67.

In other news, CEO William Johnson bought 13,496 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was purchased at an average price of $14.82 per share, for a total transaction of $200,010.72. Following the completion of the purchase, the chief executive officer now owns 78,502 shares in the company, valued at approximately $1,163,399.64. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.37% 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.

Featured Article: What does a hold rating mean?

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.