Stock Traders Buy High Volume of Welbilt Put Options (WBT)
Welbilt, Inc (NYSE:WBT) was the target of unusually large options trading on Tuesday. Investors bought 2,407 put options on the stock. This is an increase of 2,049% compared to the typical daily volume of 112 put options.
NYSE:WBT opened at $16.56 on Thursday. Welbilt has a 52-week low of $10.66 and a 52-week high of $23.85. The company has a debt-to-equity ratio of 7.09, a quick ratio of 0.66 and a current ratio of 1.16. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 21.23 and a beta of 1.81.
Welbilt (NYSE:WBT) last posted its quarterly earnings data on Tuesday, February 19th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $406.10 million for the quarter, compared to the consensus estimate of $391.96 million. Welbilt had a return on equity of 71.21% and a net margin of 4.76%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 EPS. On average, analysts expect that Welbilt will post 0.79 earnings per share for the current year.
In other news, COO Josef Matosevic sold 10,301 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $16.06, for a total value of $165,434.06. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Haresh Shah sold 1,849 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $16.06, for a total value of $29,694.94. The disclosure for this sale can be found here. Insiders sold a total of 29,760 shares of company stock worth $478,775 over the last three months. 0.37% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Huntington National Bank lifted its stake in shares of Welbilt by 99.0% in the 1st quarter. Huntington National Bank now owns 3,270 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 1,627 shares during the period. Cutler Group LP bought a new stake in shares of Welbilt in the 4th quarter valued at $55,000. Nisa Investment Advisors LLC increased its position in shares of Welbilt by 72.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,500 shares of the industrial products company’s stock valued at $117,000 after buying an additional 4,400 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Welbilt in the 4th quarter valued at $190,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Welbilt in the 4th quarter valued at $214,000. 96.46% of the stock is currently owned by 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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