Welbilt Inc. [NYSE: WBT] price surged by 0.47 percent to reach at $0.11. The company report on July 14, 2021 that Ali Group and Welbilt Announce Definitive Merger Agreement.
Welbilt Shareholders to Receive $24.00 per Share in Cash.
Ali Holding S.r.l. (“Ali Group”), one of the largest and most diversified global leaders in the foodservice equipment industry, and Welbilt, Inc. (NYSE:WBT) announced that they have entered into a definitive merger agreement under which Ali Group will acquire Welbilt in an all-cash transaction for $24.00 per share, or approximately $3.5 billion in aggregate equity value and $4.8 billion in enterprise value. The merger agreement has been unanimously approved by the boards of directors of both companies.
A sum of 6029877 shares traded at recent session while its average daily volume was at 4.19M shares. Welbilt Inc. shares reached a high of $23.41 and dropped to a low of $23.24 until finishing in the latest session at $23.37.
The one-year WBT stock forecast points to a potential upside of 2.62. The average equity rating for WBT stock is currently 2.40, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Welbilt Inc. [WBT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WBT shares is $24.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WBT stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
CL King have made an estimate for Welbilt Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 02, 2021. The new note on the price target was released on June 22, 2021, representing the official price target for Welbilt Inc. stock.
The Average True Range (ATR) for Welbilt Inc. is set at 0.57, with the Price to Sales ratio for WBT stock in the period of the last 12 months amounting to 2.89. The Price to Book ratio for the last quarter was 11.92, with the Price to Cash per share for the same quarter was set at 1.00. Price to Free Cash Flow for WBT in the course of the last twelve months was 63.48 with Quick ratio for the last quarter at 1.40.
WBT Stock Performance Analysis:
Welbilt Inc. [WBT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.14. With this latest performance, WBT shares dropped by -3.19% in over the last four-week period, additionally plugging by 63.54% over the last 6 months – not to mention a rise of 283.11% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WBT stock in for the last two-week period is set at 46.65, with the RSI for the last a single of trading hit 41.11, and the three-weeks RSI is set at 50.72 for Welbilt Inc. [WBT]. The present Moving Average for the last 50 days of trading for this stock 22.97, while it was recorded at 24.23 for the last single week of trading, and 15.32 for the last 200 days.
Insight into Welbilt Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Welbilt Inc. [WBT] shares currently have an operating margin of +10.72 and a Gross Margin at +33.10. Welbilt Inc.’s Net Margin is presently recorded at -0.64.
Return on Total Capital for WBT is now 7.22, given the latest momentum, and Return on Invested Capital for the company is -0.43. Return on Equity for this stock declined to -2.81, with Return on Assets sitting at -0.34. When it comes to the capital structure of this company, Welbilt Inc. [WBT] has a Total Debt to Total Equity ratio set at 533.41. Additionally, WBT Total Debt to Total Capital is recorded at 84.21, with Total Debt to Total Assets ending up at 68.00. Long-Term Debt to Equity for the company is recorded at 529.49, with the Long-Term Debt to Total Capital now at 83.59.
Reflecting on the efficiency of the workforce at the company, Welbilt Inc. [WBT] managed to generate an average of -$1,682 per employee. Receivables Turnover for the company is 5.94 with a Total Asset Turnover recorded at a value of 0.54.Welbilt Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 2.10.
Welbilt Inc. [WBT] Insider Position Details
There are presently around $3,031 million, or 94.10% of WBT stock, in the hands of institutional investors. The top three institutional holders of WBT stocks are: ICAHN CARL C with ownership of 11,942,238, which is approximately 0% of the company’s market cap and around 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 11,571,322 shares of the stock with an approximate value of $270.42 million in WBT stocks shares; and BLACKROCK INC., currently with $245.33 million in WBT stock with ownership of nearly 10.213% of the company’s market capitalization.
Positions in Welbilt Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 95 institutional holders increased their position in Welbilt Inc. [NYSE:WBT] by around 16,988,168 shares. Additionally, 100 investors decreased positions by around 14,750,944 shares, while 38 investors held positions by with 97,956,400 shares. The mentioned changes placed institutional holdings at 129,695,512 shares, according to the latest SEC report filing. WBT stock had 39 new institutional investments in for a total of 5,154,725 shares, while 33 institutional investors sold positions of 3,164,848 shares during the same period.