Dimensional Fund Advisors LP raised its stake in shares of Wabco Holdings Inc. (NYSE:WBC) by 0.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 240,663 shares of the auto parts company’s stock after purchasing an additional 1,999 shares during the period. Dimensional Fund Advisors LP owned approximately 0.45% of Wabco Holdings worth $30,687,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Pacad Investment Ltd. acquired a new position in Wabco Holdings during the 2nd quarter valued at about $179,000. Trexquant Investment LP acquired a new position in Wabco Holdings during the 2nd quarter valued at about $204,000. Sawtooth Solutions LLC acquired a new position in Wabco Holdings during the 2nd quarter valued at about $238,000. Laurion Capital Management LP acquired a new position in Wabco Holdings during the 2nd quarter valued at about $242,000. Finally, Stratos Wealth Partners LTD. boosted its stake in Wabco Holdings by 4.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,983 shares of the auto parts company’s stock valued at $253,000 after purchasing an additional 89 shares during the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.
In other Wabco Holdings news, Chairman Jacques Esculier sold 172,394 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $151.24, for a total value of $26,072,868.56. Following the transaction, the chairman now directly owns 312,079 shares in the company, valued at $47,198,827.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by company insiders.
WBC has been the subject of a number of analyst reports. Piper Jaffray Companies reiterated a “buy” rating and set a $167.00 price target on shares of Wabco Holdings in a research note on Sunday, October 22nd. Zacks Investment Research upgraded Wabco Holdings from a “hold” rating to a “buy” rating and set a $156.00 price target for the company in a research note on Wednesday, August 30th. Deutsche Bank AG lifted their price target on Wabco Holdings from $128.00 to $146.00 and gave the company a “hold” rating in a research note on Friday, July 21st. Bank of America Corporation reiterated a “buy” rating and set a $150.00 price target on shares of Wabco Holdings in a research note on Saturday, August 19th. Finally, BidaskClub raised shares of Wabco Holdings from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Wabco Holdings currently has an average rating of “Buy” and an average target price of $159.80.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings results on Thursday, October 19th. The auto parts company reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.18. Wabco Holdings had a net margin of 9.75% and a return on equity of 38.93%. The business had revenue of $827.80 million for the quarter, compared to the consensus estimate of $756.57 million. During the same period last year, the firm earned $1.54 earnings per share. The company’s quarterly revenue was up 22.6% on a year-over-year basis.
Wabco Holdings 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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