Sei Investments Co. raised its position in Wabco Holdings Inc. (NYSE:WBC) by 22.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 228,010 shares of the auto parts company’s stock after buying an additional 41,332 shares during the period. Sei Investments Co. owned about 0.43% of Wabco Holdings worth $29,074,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the company. Concert Wealth Management Inc. raised its stake 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 worth $266,000 after buying an additional 19 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased 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 worth $1,588,000 after buying an additional 45 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased 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 worth $448,000 after buying an additional 51 shares during the last quarter. Gulf International Bank UK Ltd increased 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 worth $1,959,000 after buying an additional 100 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased 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 worth $1,434,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.
Wabco Holdings Inc. (WBC) traded up 0.45% during trading on Monday, reaching $139.66. The company had a trading volume of 241,937 shares. The firm’s 50 day moving average is $132.85 and its 200-day moving average is $120.93. The company has a market capitalization of $7.49 billion, a P/E ratio of 23.30 and a beta of 1.65. Wabco Holdings Inc. has a 12 month low of $96.10 and a 12 month high of $144.98.
Wabco Holdings (NYSE:WBC) last posted its earnings results on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.15. The firm had revenue of $795 million for the quarter, compared to the consensus estimate of $759.33 million. Wabco Holdings had a net margin of 11.23% and a return on equity of 40.21%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 earnings per share. On average, equities analysts expect that Wabco Holdings Inc. will post $6.27 earnings per share for the current year.
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A number of research analysts have issued reports on the company. BidaskClub downgraded Wabco Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Stifel Nicolaus reaffirmed a “buy” rating and set a $150.00 target price (up from $130.00) on shares of Wabco Holdings in a research note on Friday, July 21st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $127.00 target price on shares of Wabco Holdings in a research note on Friday, July 7th. Zacks Investment Research upgraded Wabco Holdings from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $147.00 price target on shares of Wabco Holdings in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. Wabco Holdings currently has an average rating of “Buy” and a consensus target price of $135.00.
In other news, VP Sean Deason sold 789 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $140.50, for a total value of $110,854.50. Following the sale, the vice president now directly owns 2,277 shares of the company’s stock, valued at $319,918.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Juergen Gromer sold 7,127 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $138.00, for a total value of $983,526.00. Following the completion of the sale, the director now directly owns 969 shares in the company, valued at $133,722. The disclosure for this sale can be found here. Insiders have sold 14,054 shares of company stock worth $1,952,903 over the last three months. Company insiders own 0.79% of the company’s stock.
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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