Canada Pension Plan Investment Board boosted its stake in shares of Wabco Holdings Inc. (NYSE:WBC) by 0.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,913 shares of the auto parts company’s stock after buying an additional 400 shares during the period. Canada Pension Plan Investment Board owned 0.17% of Wabco Holdings worth $11,592,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Trexquant Investment LP purchased a new position in shares of Wabco Holdings during the second quarter valued at $204,000. Perennial Advisors LLC boosted its position in shares of Wabco Holdings by 4.7% in the second quarter. Perennial Advisors LLC now owns 9,771 shares of the auto parts company’s stock valued at $1,246,000 after buying an additional 440 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Wabco Holdings by 4.7% in the second quarter. Stratos Wealth Partners LTD. now owns 1,983 shares of the auto parts company’s stock valued at $253,000 after buying an additional 89 shares in the last quarter. Sei Investments Co. boosted its position in shares of Wabco Holdings by 22.1% in the second quarter. Sei Investments Co. now owns 228,010 shares of the auto parts company’s stock valued at $29,074,000 after buying an additional 41,332 shares in the last quarter. Finally, First Manhattan Co. boosted its position in shares of Wabco Holdings by 0.6% in the second quarter. First Manhattan Co. now owns 586,170 shares of the auto parts company’s stock valued at $74,742,000 after buying an additional 3,300 shares in the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.
Shares of Wabco Holdings Inc. (WBC) opened at 136.75 on Friday. The company has a 50-day moving average price of $134.43 and a 200 day moving average price of $121.78. The stock has a market capitalization of $7.33 billion, a P/E ratio of 22.81 and a beta of 1.65. Wabco Holdings Inc. has a 52 week low of $96.10 and a 52 week high of $144.98.
Wabco Holdings (NYSE:WBC) last announced its quarterly earnings data on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.15. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The business had revenue of $795 million during the quarter, compared to analysts’ expectations of $759.33 million. During the same period in the previous year, the firm earned $1.43 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts forecast that Wabco Holdings Inc. will post $6.27 earnings per share for the current fiscal year.
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Several brokerages recently weighed in on WBC. BidaskClub cut Wabco Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research raised Wabco Holdings from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a report on Tuesday, July 25th. Bank of America Corporation set a $150.00 target price on Wabco Holdings and gave the company a “buy” rating in a report on Friday, July 21st. Deutsche Bank AG upped their target price on Wabco Holdings from $128.00 to $146.00 and gave the company a “hold” rating in a report on Friday, July 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $150.00 target price (up from $130.00) on shares of Wabco Holdings in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $138.50.
In other Wabco Holdings 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 completion of the transaction, the vice president now directly owns 2,277 shares of the company’s stock, valued at $319,918.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Juergen Gromer sold 7,127 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $138.00, for a total value of $983,526.00. Following the completion of the transaction, the director now directly owns 969 shares of the company’s stock, valued at $133,722. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,054 shares of company stock valued at $1,952,903. 0.79% of the stock is owned by insiders.
About Wabco Holdings
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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