DekaBank Deutsche Girozentrale increased its position in shares of Wabco Holdings Inc. (NYSE:WBC) by 9.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,780 shares of the auto parts company’s stock after buying an additional 899 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Wabco Holdings were worth $1,437,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Fox Run Management L.L.C. raised its stake in shares of Wabco Holdings by 189.5% in the second quarter. Fox Run Management L.L.C. now owns 5,500 shares of the auto parts company’s stock worth $701,000 after buying an additional 3,600 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of 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 worth $2,125,000 after buying an additional 3,167 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of 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 worth $52,249,000 after buying an additional 2,013 shares during the period. Denver Investment Advisors LLC bought a new stake in shares of Wabco Holdings during the first quarter worth about $205,000. Finally, Vanguard Group Inc. raised its stake in shares of Wabco Holdings by 2.5% in the first quarter. Vanguard Group Inc. now owns 4,104,594 shares of the auto parts company’s stock worth $481,960,000 after buying an additional 99,639 shares during the period. 96.35% of the stock is owned by institutional investors and hedge funds.
Wabco Holdings Inc. (NYSE WBC) opened at 138.24 on Wednesday. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 23.06 and a beta of 1.65. The company has a 50 day moving average of $134.97 and a 200-day moving average of $122.32. Wabco Holdings Inc. has a 12-month low of $96.10 and a 12-month high of $144.98.
Wabco Holdings (NYSE:WBC) last issued its quarterly earnings data on Thursday, July 20th. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.15. The firm had revenue of $795 million during the quarter, compared to analysts’ expectations of $759.33 million. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. Wabco Holdings’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 earnings per share. On average, equities research analysts forecast that Wabco Holdings Inc. will post $6.27 earnings per share for the current year.
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A number of equities research analysts have issued reports on WBC shares. Deutsche Bank AG increased their price objective on shares of Wabco Holdings from $128.00 to $146.00 and gave the company a “hold” rating in a report on Friday, July 21st. Zacks Investment Research raised shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a report on Tuesday, July 25th. BidaskClub raised shares of Wabco Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $127.00 price objective on shares of Wabco Holdings in a report on Friday, June 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $150.00 price objective (up from $130.00) on shares of Wabco Holdings in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. Wabco Holdings presently has a consensus rating of “Buy” and an average target price of $138.50.
In related news, VP Sean Deason sold 789 shares of Wabco Holdings stock in a transaction 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 completion of the transaction, 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 legal filing with the SEC, which is accessible through the SEC website. Also, Director G Peter Daloia sold 3,626 shares of Wabco Holdings stock in a transaction 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 transaction, the director now directly owns 4,316 shares of the company’s stock, valued at $603,290.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,054 shares of company stock valued at $1,952,903. 0.79% of the stock is currently owned by insiders.
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.
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