Gamco Investors INC. ET AL Has $7.76 Million Stake in Welbilt, Inc (NYSE:WBT)

Gamco Investors INC. ET AL lifted its holdings in shares of Welbilt, Inc (NYSE:WBTGet Rating) by 49.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 326,609 shares of the industrial products company’s stock after buying an additional 107,476 shares during the quarter. Gamco Investors INC. ET AL owned about 0.23% of Welbilt worth $7,763,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. CWM LLC bought a new position in Welbilt during the 4th quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Welbilt by 1,248.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,348 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 1,248 shares in the last quarter. National Bank of Canada FI bought a new stake in shares of Welbilt in the fourth quarter worth $43,000. Confluence Wealth Services Inc. bought a new stake in shares of Welbilt in the fourth quarter worth $44,000. Finally, Strs Ohio increased its holdings in Welbilt by 130.0% during the fourth quarter. Strs Ohio now owns 2,300 shares of the industrial products company’s stock worth $54,000 after buying an additional 1,300 shares during the last quarter. Institutional investors own 87.52% of the company’s stock.

Separately, StockNews.com began coverage on shares of Welbilt in a report on Thursday, March 31st. They set a “hold” rating on the stock. Nine investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $25.20.

NYSE:WBT opened at $23.01 on Monday. The firm’s fifty day moving average price is $23.63 and its two-hundred day moving average price is $23.69. The company has a market cap of $3.29 billion, a P/E ratio of 50.02 and a beta of 2.03. Welbilt, Inc has a one year low of $19.49 and a one year high of $25.19. The company has a debt-to-equity ratio of 3.95, a current ratio of 3.19 and a quick ratio of 2.43.

Welbilt (NYSE:WBTGet Rating) last announced its earnings results on Tuesday, May 10th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.09). The business had revenue of $330.00 million during the quarter, compared to the consensus estimate of $346.80 million. Welbilt had a net margin of 4.18% and a return on equity of 29.17%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 EPS. As a group, equities research analysts expect that Welbilt, Inc will post 0.9 earnings per share for the current year.

Welbilt Profile (Get Rating)

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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Institutional Ownership by Quarter for Welbilt (NYSE:WBT)

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