Janus Capital Management LLC Has $1.14 Million Position in Wabco Holdings Inc. (WBC)

Janus Capital Management LLC reduced its stake in shares of Wabco Holdings Inc. (NYSE:WBC) by 85.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,689 shares of the auto parts company’s stock after selling 58,900 shares during the period. Janus Capital Management LLC’s holdings in Wabco Holdings were worth $1,138,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Concert Wealth Management Inc. boosted its position in shares of Wabco Holdings by 0.8% in the first quarter. Concert Wealth Management Inc. now owns 2,486 shares of the auto parts company’s stock valued at $266,000 after buying an additional 19 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of Wabco Holdings by 0.3% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 13,525 shares of the auto parts company’s stock valued at $1,588,000 after buying an additional 45 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Wabco Holdings by 1.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,816 shares of the auto parts company’s stock valued at $448,000 after buying an additional 51 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Wabco Holdings by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 16,690 shares of the auto parts company’s stock valued at $1,959,000 after buying an additional 100 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Wabco Holdings by 0.8% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,200 shares of the auto parts company’s stock valued at $1,434,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

Wabco Holdings Inc. (WBC) opened at 138.07 on Monday. The firm’s 50-day moving average price is $128.33 and its 200 day moving average price is $118.71. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of 23.03 and a beta of 1.64. Wabco Holdings Inc. has a 52-week low of $96.10 and a 52-week high of $144.98.

Wabco Holdings (NYSE:WBC) last announced its quarterly earnings data on Thursday, July 20th. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.15. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The firm had revenue of $795 million for the quarter, compared to analysts’ expectations of $759.33 million. During the same quarter in the prior year, the firm posted $1.43 earnings per share. Wabco Holdings’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Wabco Holdings Inc. will post $6.27 EPS for the current year.

Several brokerages have recently issued reports on WBC. Royal Bank Of Canada reiterated a “buy” rating and issued a $137.00 price objective on shares of Wabco Holdings in a research note on Thursday, July 20th. BidaskClub cut Wabco Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. Piper Jaffray Companies reiterated a “buy” rating and issued a $147.00 price objective on shares of Wabco Holdings in a research note on Wednesday, July 19th. BMO Capital Markets reissued a “hold” rating and set a $115.00 target price on shares of Wabco Holdings in a research report on Friday, July 7th. Finally, Bank of America Corporation set a $150.00 target price on Wabco Holdings and gave the stock a “buy” rating in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $135.00.

In other news, VP Sean Deason sold 789 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $140.50, for a total transaction of $110,854.50. Following the sale, the vice president now directly owns 2,277 shares in the company, valued at approximately $319,918.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director G Peter Daloia sold 3,626 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $139.78, for a total value of $506,842.28. Following the sale, the director now owns 4,316 shares in the company, valued at $603,290.48. The disclosure for this sale can be found here. Insiders have sold 6,927 shares of company stock worth $969,377 in the last 90 days. 0.79% of the stock is currently owned by 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.