Teacher Retirement System of Texas acquired a new stake in shares of Wabco Holdings Inc. (NYSE:WBC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,573 shares of the auto parts company’s stock, valued at approximately $1,269,000.
A number of other hedge funds have also recently modified their holdings of the business. Advisory Services Network LLC lifted its stake in Wabco Holdings by 0.6% during the second quarter. Advisory Services Network LLC now owns 7,046 shares of the auto parts company’s stock worth $898,000 after purchasing an additional 40 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake 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 worth $253,000 after purchasing an additional 89 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Wabco Holdings by 3.3% in the 2nd quarter. Prudential Financial Inc. now owns 3,160 shares of the auto parts company’s stock worth $403,000 after buying an additional 100 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in shares of Wabco Holdings by 190.0% during the 2nd quarter. IHT Wealth Management LLC now owns 290 shares of the auto parts company’s stock valued at $256,000 after buying an additional 190 shares during the period. Finally, ZWJ Investment Counsel Inc. lifted its holdings in shares of Wabco Holdings by 0.3% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 86,848 shares of the auto parts company’s stock valued at $11,074,000 after buying an additional 277 shares during the period. 97.49% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on WBC shares. Zacks Investment Research upgraded shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $161.00 target price for the company in a research report on Tuesday, September 5th. Robert W. Baird reissued a “buy” rating and set a $149.00 target price on shares of Wabco Holdings in a research note on Thursday, August 24th. Piper Jaffray Companies set a $147.00 target price on shares of Wabco Holdings and gave the stock a “buy” rating in a research note on Thursday, August 24th. Stifel Nicolaus set a $150.00 price objective on shares of Wabco Holdings and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $150.00 price objective on shares of Wabco Holdings in a research note on Saturday, August 19th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Wabco Holdings presently has an average rating of “Buy” and a consensus target price of $159.80.
Wabco Holdings (NYSE:WBC) last released its earnings results on Thursday, October 19th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.18. The company had revenue of $827.80 million for the quarter, compared to analyst estimates of $756.57 million. Wabco Holdings had a net margin of 9.75% and a return on equity of 38.93%. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.54 EPS. equities analysts predict that Wabco Holdings Inc. will post 6.64 earnings per share for the current year.
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In other news, Chairman Jacques Esculier sold 172,394 shares of the firm’s stock in a transaction 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 sale, the chairman now directly owns 312,079 shares in the company, valued at approximately $47,198,827.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is currently owned by company 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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