Healthcare of Ontario Pension Plan Trust Fund Invests $661,000 in Wallbox (NYSE:WBX)

Posted by on Mar 1st, 2023

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Wallbox (NYSE:WBX – Get Rating) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 83,849 shares of the company’s stock, valued at approximately $661,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.05% of Wallbox at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake in shares of Wallbox by 17.0% during the second quarter. Goldman Sachs Group Inc. now owns 21,747 shares of the company’s stock worth $193,000 after buying an additional 3,161 shares during the period. Walleye Capital LLC raised its holdings in shares of Wallbox by 11.9% during the first quarter. Walleye Capital LLC now owns 32,984 shares of the company’s stock worth $421,000 after purchasing an additional 3,519 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Wallbox by 207.5% during the third quarter. Advisors Asset Management Inc. now owns 6,024 shares of the company’s stock worth $47,000 after purchasing an additional 4,065 shares during the last quarter. Prelude Capital Management LLC raised its holdings in shares of Wallbox by 13.7% during the first quarter. Prelude Capital Management LLC now owns 45,431 shares of the company’s stock worth $579,000 after purchasing an additional 5,470 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of Wallbox during the third quarter worth $81,000. 5.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WBX. Credit Suisse Group reduced their target price on shares of Wallbox from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Friday, December 2nd. UBS Group reduced their target price on shares of Wallbox from $14.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday, January 10th. Chardan Capital cut their price objective on shares of Wallbox from $13.00 to $12.00 and set a “buy” rating for the company in a report on Friday, February 24th. Northland Securities began coverage on shares of Wallbox in a report on Tuesday, November 22nd. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, Robert W. Baird cut their price objective on shares of Wallbox from $20.00 to $14.00 in a report on Thursday, November 10th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Wallbox has a consensus rating of “Moderate Buy” and a consensus price target of $13.45.

Wallbox Stock Performance

WBX stock opened at $5.67 on Wednesday. The firm has a 50-day simple moving average of $4.81 and a 200-day simple moving average of $6.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.61 and a quick ratio of 1.24. Wallbox has a 52 week low of $3.14 and a 52 week high of $14.43.

Wallbox Company Profile

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Wallbox N.V., a technology company, designs, manufactures, and distributes charging solutions for residential, business, and public use. The company operates in three segments: Europe-Middle East Asia, North America, and Asia-Pacific. It offers EV charging hardware products, such as Pulsar Plus, an AC smart charger for home or multi-family residence; Commander 2, an AC smart charger for fleets and businesses with a 7-inch touchscreen display that provides a personalized and secure user interface for multiple users; Copper SB, an AC smart charger for fleets and businesses with an integrated socket that makes it compatible with both type 1 and type 2 charging cables; Quasar, a DC bi-directional charger for home-use that allows to charge and discharge electric vehicle, and enables to use car battery to power home or sell energy back to the grid; Supernova, a DC fast charger equipment designed for public use; and Hypernova that allows to optimize available power and adapt to the number of EVs connected for public charging along highways and transcontinental road networks.

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Institutional Ownership by Quarter for Wallbox (NYSE:WBX)

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