Hermes Investment Management Ltd. reduced its stake in Wabco Holdings Inc. (NYSE:WBC) by 5.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 225,598 shares of the auto parts company’s stock after selling 13,838 shares during the period. Hermes Investment Management Ltd. owned approximately 0.42% of Wabco Holdings worth $28,766,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Cortina Asset Management LLC purchased a new stake in shares of Wabco Holdings during the first quarter valued at $200,000. Denver Investment Advisors LLC purchased a new stake in shares of Wabco Holdings during the first quarter valued at $205,000. RGT Capital Management Ltd. purchased a new stake in shares of Wabco Holdings during the first quarter valued at $206,000. Bancorpsouth Inc. purchased a new stake in shares of Wabco Holdings during the first quarter valued at $219,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Wabco Holdings during the first quarter valued at $222,000.
Wabco Holdings Inc. (NYSE:WBC) opened at 139.03 on Friday. Wabco Holdings Inc. has a 12 month low of $96.10 and a 12 month high of $144.98. The company’s 50-day moving average price is $132.85 and its 200 day moving average price is $120.93. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 23.19 and a beta of 1.65.
Wabco Holdings (NYSE:WBC) last posted its earnings results on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.15. The business had revenue of $795 million for the quarter, compared to analysts’ expectations of $759.33 million. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.43 earnings per share. Analysts predict that Wabco Holdings Inc. will post $6.27 EPS for the current year.
Several brokerages have weighed in on WBC. BidaskClub cut Wabco Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Stifel Nicolaus reissued a “buy” rating and issued a $150.00 price target (up from $130.00) on shares of Wabco Holdings in a research report on Friday, July 21st. Zacks Investment Research raised Wabco Holdings from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a research report on Tuesday, July 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $127.00 price target on shares of Wabco Holdings in a research report on Friday, July 7th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $147.00 price target on shares of Wabco Holdings in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $135.00.
In related news, VP Sean Deason sold 789 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $140.50, for a total value of $110,854.50. Following the transaction, the vice president now owns 2,277 shares in the company, valued at approximately $319,918.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director G Peter Daloia sold 3,626 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $139.78, for a total value of $506,842.28. Following the completion of the transaction, the director now owns 4,316 shares in the company, valued at approximately $603,290.48. The disclosure for this sale can be found here. Insiders sold a total of 14,054 shares of company stock worth $1,952,903 in the last 90 days. 0.79% of the stock is currently owned by insiders.
Wabco Holdings Company Profile
WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers of commercial trucks, buses and trailers, as well as passenger cars. The Company engineers, develops, manufactures and sells braking, stability, suspension and transmission automation and air management systems primarily for commercial vehicles.
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