Wabco Holdings Inc. (NYSE:WBC) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,362,677 shares, a growth of 59.4% from the August 15th total of 855,045 shares. Based on an average daily volume of 360,288 shares, the short-interest ratio is presently 3.8 days. Currently, 2.5% of the company’s shares are sold short.

In other Wabco Holdings news, insider Nick Rens sold 600 shares of Wabco Holdings stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $101.19, for a total transaction of $60,714.00. Following the transaction, the insider now directly owns 9,665 shares of the company’s stock, valued at $978,001.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.79% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd raised its position in shares of Wabco Holdings by 1,000.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the company’s stock valued at $101,000 after buying an additional 1,000 shares during the last quarter. Advisor Group Inc. bought a new position in shares of Wabco Holdings during the second quarter valued at $102,000. Nordea Investment Management AB raised its position in shares of Wabco Holdings by 6.7% in the second quarter. Nordea Investment Management AB now owns 1,539 shares of the company’s stock valued at $141,000 after buying an additional 97 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Wabco Holdings by 92.3% in the second quarter. BNP Paribas Arbitrage SA now owns 1,602 shares of the company’s stock valued at $147,000 after buying an additional 769 shares during the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of Wabco Holdings by 8.5% in the second quarter. LS Investment Advisors LLC now owns 2,015 shares of the company’s stock valued at $185,000 after buying an additional 158 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

A number of equities research analysts have weighed in on WBC shares. Deutsche Bank AG started coverage on shares of Wabco Holdings in a research report on Tuesday, September 6th. They set a “hold” rating and a $113.00 price target for the company. TheStreet upgraded shares of Wabco Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 20th. Piper Jaffray Cos. reiterated a “neutral” rating and set a $96.00 price target (up from $94.00) on shares of Wabco Holdings in a research report on Sunday, July 24th. Zacks Investment Research upgraded shares of Wabco Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Finally, Goldman Sachs Group Inc. cut shares of Wabco Holdings from a “buy” rating to a “neutral” rating and dropped their price target for the company from $135.00 to $105.00 in a research report on Tuesday, June 28th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $116.42.

Shares of Wabco Holdings (NYSE:WBC) opened at 108.87 on Thursday. Wabco Holdings has a 12 month low of $81.66 and a 12 month high of $115.80. The stock has a market cap of $6.07 billion, a P/E ratio of 31.32 and a beta of 2.10. The stock’s 50 day moving average is $104.75 and its 200 day moving average is $103.41.

Wabco Holdings (NYSE:WBC) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.03. The business had revenue of $732.20 million for the quarter, compared to analyst estimates of $706.60 million. Wabco Holdings had a net margin of 7.28% and a return on equity of 39.45%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.40 EPS. Analysts predict that Wabco Holdings will post $5.72 earnings per share for the current fiscal year.

About Wabco Holdings

WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers. The Company engineers, develops, manufactures and sells systems controlling braking, stability, suspension, transmission automation, as well transmission automation and air management systems for commercial vehicles.

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