Russell Investments Group Ltd. boosted its position in shares of WABCO Holdings Inc. (NYSE:WBC) by 388.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,613 shares of the auto parts company’s stock after acquiring an additional 8,438 shares during the period. Russell Investments Group Ltd.’s holdings in WABCO were worth $1,571,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. Advisory Services Network LLC lifted its position in WABCO by 0.6% during the second quarter. Advisory Services Network LLC now owns 7,046 shares of the auto parts company’s stock valued at $898,000 after acquiring an additional 40 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of WABCO by 3.3% in the second 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 raised its holdings in shares of WABCO by 190.0% in the second quarter. IHT Wealth Management LLC now owns 290 shares of the auto parts company’s stock worth $256,000 after buying an additional 190 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of WABCO by 0.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 76,559 shares of the auto parts company’s stock worth $9,762,000 after buying an additional 364 shares during the last quarter. Finally, Advisor Group Inc. raised its holdings in shares of WABCO by 18.5% in the third quarter. Advisor Group Inc. now owns 2,751 shares of the auto parts company’s stock worth $408,000 after buying an additional 429 shares during the last quarter. 95.27% of the stock is owned by institutional investors.
A number of research firms have issued reports on WBC. Vertical Research cut shares of WABCO from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. KeyCorp raised their price target on shares of WABCO from $161.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. Zacks Investment Research raised shares of WABCO 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. Robert W. Baird raised their price target on shares of WABCO from $170.00 to $182.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Finally, Berenberg Bank began coverage on shares of WABCO in a report on Monday, September 25th. They issued a “buy” rating and a $173.00 price target for the company. Five 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. The stock presently has an average rating of “Buy” and a consensus price target of $159.80.
Shares of WABCO Holdings Inc. (WBC) opened at $143.81 on Tuesday. The firm has a market cap of $7,720.00, a price-to-earnings ratio of 26.01, a PEG ratio of 1.44 and a beta of 1.67. WABCO Holdings Inc. has a 52 week low of $102.39 and a 52 week high of $156.08. The company has a quick ratio of 2.60, a current ratio of 3.00 and a debt-to-equity ratio of 0.99.
WABCO (NYSE:WBC) last released its quarterly earnings data on Thursday, October 19th. The auto parts company reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.18. The firm had revenue of $827.80 million for the quarter, compared to analyst estimates of $756.57 million. WABCO had a net margin of 9.75% and a return on equity of 38.93%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.54 earnings per share. research analysts forecast that WABCO Holdings Inc. will post 6.65 EPS for the current fiscal year.
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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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