Victory Capital Management Inc. increased its position in Wabco Holdings Inc. (NYSE:WBC) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 471,050 shares of the auto parts company’s stock after acquiring an additional 4,855 shares during the period. Victory Capital Management Inc. owned about 0.88% of Wabco Holdings worth $69,715,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacad Investment Ltd. bought a new stake in shares of Wabco Holdings in the second quarter worth $179,000. Trexquant Investment LP bought a new stake in shares of Wabco Holdings in the second quarter worth $204,000. Sawtooth Solutions LLC bought a new stake in Wabco Holdings during the second quarter valued at about $238,000. Laurion Capital Management LP bought a new stake in Wabco Holdings during the second quarter valued at about $242,000. Finally, Stratos Wealth Partners LTD. grew its holdings in 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 valued at $253,000 after purchasing an additional 89 shares during the period. 97.44% of the stock is owned by institutional investors.
In other news, Chairman Jacques Esculier sold 172,394 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.79% of the stock is owned by insiders.
Several research firms have issued reports on WBC. Zacks Investment Research raised Wabco Holdings from a “hold” rating to a “buy” rating and set a $166.00 price target for the company in a report on Friday, September 29th. Piper Jaffray Companies reissued a “buy” rating and set a $167.00 price target on shares of Wabco Holdings in a report on Sunday, October 22nd. Vertical Research lowered Wabco Holdings from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Berenberg Bank began coverage on Wabco Holdings in a report on Monday, September 25th. They set a “buy” rating and a $173.00 price target for the company. Finally, Buckingham Research boosted their price target on Wabco Holdings from $148.00 to $154.00 and gave the company a “neutral” rating in a report on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $159.80.
Wabco Holdings Inc. (NYSE WBC) opened at $150.46 on Friday. The company has a quick ratio of 2.60, a current ratio of 3.00 and a debt-to-equity ratio of 0.99. The stock has a market cap of $7,993.04, a P/E ratio of 23.50, a PEG ratio of 1.50 and a beta of 1.68.
Wabco Holdings (NYSE:WBC) last announced its quarterly earnings data on Thursday, October 19th. The auto parts company reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.18. Wabco Holdings had a return on equity of 38.93% and a net margin of 9.75%. The business had revenue of $827.80 million for the quarter, compared to the consensus estimate of $756.57 million. During the same period in the previous year, the business earned $1.54 earnings per share. The business’s revenue was up 22.6% on a year-over-year basis. analysts forecast that Wabco Holdings Inc. will post 6.64 EPS for the current fiscal year.
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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