127 institutional investors are raising stakes in Welbilt, Inc. (WBT)

Welbilt, Inc. (NYSE:WBT) enjoyed a 28.63% run-up in share price since hitting record low of $18.34. The stock managed 3.15% rise and now stands at $23.59 as of 07/12/2018. At recent session, the prices were hovering between $22.91 and $23.77. This company shares are 2.33% off its target price of $24.14 and the current market capitalization stands at $3.3B. The recent change has given its price a 13.92% lead over SMA 50 and -0.76% deficit over its 52-week high. The stock witnessed 8.46% gains, 24.22% gains and 3.74% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found WBT’s volatility during a week at 2.3% and during a month it has been found around 2.28%.

Welbilt, Inc. (WBT) Top Holders

Institutional investors currently hold around $2.83 billion or 90.3% in WBT stock. Look at its top three institutional owners. Select Equity Group, L.P. owns $286.75 million in Welbilt, Inc., which represents roughly 8.69% of the company’s market cap and approximately 10.13% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 11,642,098 shares of the stock are valued at $266.26 million. The third largest holder is Icahn Carl C, which currently holds $230.59 million worth of this stock and that ownership represents nearly 6.99% of its market capitalization.

Welbilt, Inc. 13F Filings

At the end of March reporting period, 127 institutional holders increased their position in Welbilt, Inc. (NYSE:WBT) by some 14,202,773 shares, 83 decreased positions by 16,301,321 and 46 held positions by 93,297,364. That puts total institutional holdings at 123,801,458 shares, according to SEC filings. The stock grabbed 38 new institutional investments totaling 4,964,838 shares while 27 institutional investors sold out their entire positions totaling 4,586,646 shares.

Welbilt, Inc. (NYSE:WBT) Insider Trades

Multiple company employees have indulged in significant insider trading. Welbilt, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP, General Counsel and Secy Horn Joel H. has sold 1,918 shares of Welbilt, Inc. (WBT) in trading session dated Jun. 07, 2018. These shares are worth $40,374 and were traded at $21.05 each. The SEC filing shows that Matosevic Josef performed a sale of 3,837 shares. The SVP COO disposed these shares by way of transaction on Mar. 06, 2018. The company’s shares were given away at $19.06 per share worth to an income of some $73,133 on account of Matosevic Josef.

SVP, General Counsel and Secy, Horn Joel H., sold 770 common shares of Welbilt, Inc. (WBT) in the open market. In a transaction dated Mar. 06, 2018, the shares were put up for sale at an average price of $19.08, raking in a sum of $14,692. After this sale, 4,293 common shares of WBT are directly owned by the insider, with total stake valued at $101,272.

In the transaction dated Feb. 21, 2018, the great number of shares disposed came courtesy the SVP, General Counsel and Secy; Horn Joel H. disposed a total of 822 shares at an average price of $21.79, amounting to approximately $17,911. The insider now directly owns 5,063 shares worth $119,436.

Welbilt, Inc. (WBT) Analyst Guide

Several analysts have released their opinion on Welbilt, Inc. (NYSE:WBT), with 8 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.55 average brokerage recommendation.