Healthcare of Ontario Pension Plan Trust Fund Raises Stake in Wallbox (NYSE:WBX)

Healthcare of Ontario Pension Plan Trust Fund raised its position in Wallbox (NYSE:WBX) by 23.8% in the first quarter, Holdings Channel reports. The fund owned 198,863 shares of the company’s stock after buying an additional 38,249 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Wallbox were worth $282,000 as of its most recent SEC filing.

Separately, Norges Bank acquired a new stake in Wallbox during the fourth quarter worth approximately $8,923,000. 36.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut their price objective on shares of Wallbox from $4.00 to $3.25 and set a “buy” rating on the stock in a report on Tuesday, July 9th.

Wallbox Stock Performance

WBX stock opened at $1.44 on Friday. The company has a fifty day moving average price of $1.40 and a 200 day moving average price of $1.46. Wallbox has a 12 month low of $1.21 and a 12 month high of $4.28. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.54.

About Wallbox

Wallbox N.V., a technology company, designs, manufactures, and distributes charging solutions for residential, business, and public use worldwide. The company operates in three segments: Europe-Middle East and Asia, North America, and Asia-Pacific. It offers EV charging hardware products, such as Pulsar Plus, Pulsar Plus Socket, Pulsar Max, and Pulsar Pro, an AC smart chargers for home and shared spaces; 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 2, a DC bi-directional charger for home-use that allows to charge and discharge electric vehicle; 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; as well as Wallbox ABL eM4 Single and Twin chargers and eMC3 charging pole.