Livforsakringsbolaget Skandia Omsesidigt maintained its stake in Wabco Holdings Inc. (NYSE:WBC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,000 shares of the auto parts company’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Wabco Holdings were worth $128,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Wabco Holdings during the fourth quarter valued at approximately $39,809,000. Envestnet Asset Management Inc. increased its stake in Wabco Holdings by 21.2% in the first quarter. Envestnet Asset Management Inc. now owns 18,083 shares of the auto parts company’s stock valued at $2,125,000 after buying an additional 3,167 shares during the period. Denver Investment Advisors LLC acquired a new stake in Wabco Holdings during the first quarter valued at approximately $205,000. Massachusetts Financial Services Co. MA increased its stake in Wabco Holdings by 0.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 444,982 shares of the auto parts company’s stock valued at $52,249,000 after buying an additional 2,013 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in Wabco Holdings during the fourth quarter valued at approximately $2,065,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.
Shares of Wabco Holdings Inc. (WBC) opened at 140.50 on Friday. The company has a 50-day moving average of $125.95 and a 200-day moving average of $117.42. The stock has a market capitalization of $7.60 billion, a P/E ratio of 24.59 and a beta of 1.64. Wabco Holdings Inc. has a 52 week low of $96.09 and a 52 week high of $141.86.
Wabco Holdings (NYSE:WBC) last posted its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.15. Wabco Holdings had a return on equity of 41.46% and a net margin of 11.23%. The company had revenue of $795 million for the quarter, compared to analysts’ expectations of $759.33 million. During the same period in the previous year, the firm earned $1.43 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, analysts anticipate that Wabco Holdings Inc. will post $6.11 EPS for the current year.
TRADEMARK VIOLATION NOTICE: “Wabco Holdings Inc. (NYSE:WBC) Position Held by Livforsakringsbolaget Skandia Omsesidigt” was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2017/07/22/wabco-holdings-inc-nysewbc-position-held-by-livforsakringsbolaget-skandia-omsesidigt.html.
A number of equities research analysts have recently issued reports on WBC shares. Deutsche Bank AG increased their price target on shares of Wabco Holdings from $126.00 to $130.00 and gave the stock a “hold” rating in a report on Monday, April 24th. BidaskClub raised shares of Wabco Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Zacks Investment Research downgraded shares of Wabco Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Stifel Nicolaus reissued a “buy” rating and issued a $130.00 price target on shares of Wabco Holdings in a report on Monday, April 24th. Finally, TheStreet raised shares of Wabco Holdings from a “c+” rating to a “b-” rating in a report on Thursday, April 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $129.73.
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.
Receive News & Ratings for Wabco Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabco Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
