Stifel Financial Corp Raises Stake in Wabco Holdings Inc. (WBC)

Stifel Financial Corp lifted its holdings in shares of Wabco Holdings Inc. (NYSE:WBC) by 4.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,512 shares of the auto parts company’s stock after purchasing an additional 1,230 shares during the quarter. Stifel Financial Corp owned about 0.06% of Wabco Holdings worth $3,771,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Stratos Wealth Partners LTD. lifted its position in shares of Wabco Holdings by 4.7% during the second quarter. Stratos Wealth Partners LTD. now owns 1,983 shares of the auto parts company’s stock worth $253,000 after purchasing an additional 89 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Wabco Holdings by 0.8% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,200 shares of the auto parts company’s stock worth $1,434,000 after purchasing an additional 100 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Wabco Holdings by 3.3% during the second quarter. Prudential Financial Inc. now owns 3,160 shares of the auto parts company’s stock worth $403,000 after purchasing an additional 100 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its position in shares of Wabco Holdings by 0.3% during the second quarter. ZWJ Investment Counsel Inc. now owns 86,848 shares of the auto parts company’s stock worth $11,074,000 after purchasing an additional 277 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of Wabco Holdings by 9.0% during the first quarter. Comerica Bank now owns 3,917 shares of the auto parts company’s stock worth $466,000 after purchasing an additional 325 shares in the last quarter. 97.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of Wabco Holdings Inc. (NYSE:WBC) opened at 149.78 on Wednesday. The firm’s 50-day moving average is $144.77 and its 200-day moving average is $129.83. The firm has a market cap of $8.03 billion, a PE ratio of 24.98 and a beta of 1.65. Wabco Holdings Inc. has a 12-month low of $96.10 and a 12-month high of $152.61.

Wabco Holdings (NYSE:WBC) last released its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.15. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The firm had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $759.33 million. During the same quarter in the prior year, the business earned $1.43 EPS. Wabco Holdings’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts expect that Wabco Holdings Inc. will post $6.33 earnings per share for the current fiscal year.

Several analysts have recently issued reports on WBC shares. Royal Bank Of Canada reissued a “buy” rating and set a $137.00 price target on shares of Wabco Holdings in a research report on Thursday, July 20th. Zacks Investment Research cut shares of Wabco Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Robert W. Baird reaffirmed a “buy” rating and issued a $149.00 target price on shares of Wabco Holdings in a report on Thursday, August 24th. BidaskClub cut shares of Wabco Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $115.00 target price on shares of Wabco Holdings in a report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $145.79.

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In other Wabco Holdings news, Director Juergen Gromer sold 7,127 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $138.00, for a total value of $983,526.00. Following the transaction, the director now directly owns 969 shares of the company’s stock, valued at approximately $133,722. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Sean Deason sold 789 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were 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 in the company, valued at $319,918.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,054 shares of company stock worth $1,952,903. 0.79% of the stock is currently owned by corporate 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.

Institutional Ownership by Quarter for Wabco Holdings (NYSE:WBC)

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