Wabco Holdings Inc. (WBC) Shares Sold by Rice Hall James & Associates LLC
Rice Hall James & Associates LLC reduced its stake in shares of Wabco Holdings Inc. (NYSE:WBC) by 2.2% during the second quarter, Holdings Channel reports. The fund owned 20,869 shares of the company’s stock after selling 477 shares during the period. Rice Hall James & Associates LLC’s holdings in Wabco Holdings were worth $1,911,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of WBC. Nicholas Investment Partners LP acquired a new stake in Wabco Holdings during the first quarter valued at approximately $2,909,000. Pictet Asset Management Ltd. raised its stake in Wabco Holdings by 145.5% in the first quarter. Pictet Asset Management Ltd. now owns 144,860 shares of the company’s stock valued at $13,660,000 after buying an additional 85,860 shares during the last quarter. State Street Corp raised its stake in Wabco Holdings by 2.7% in the first quarter. State Street Corp now owns 932,092 shares of the company’s stock valued at $99,651,000 after buying an additional 24,498 shares during the last quarter. Gardner Russo & Gardner LLC raised its stake in Wabco Holdings by 31.0% in the first quarter. Gardner Russo & Gardner LLC now owns 3,168 shares of the company’s stock valued at $339,000 after buying an additional 750 shares during the last quarter. Finally, BB&T Securities LLC raised its stake in Wabco Holdings by 2.1% in the first quarter. BB&T Securities LLC now owns 16,237 shares of the company’s stock valued at $1,736,000 after buying an additional 333 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors.
Shares of Wabco Holdings Inc. (NYSE:WBC) traded down 1.59% during mid-day trading on Friday, hitting $111.70. 577,834 shares of the stock were exchanged. Wabco Holdings Inc. has a one year low of $81.66 and a one year high of $115.80. The company has a 50-day moving average of $108.16 and a 200 day moving average of $104.30. The stock has a market cap of $6.23 billion, a PE ratio of 32.13 and a beta of 2.04.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings data on Wednesday, July 20th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. The firm had revenue of $732.20 million for the quarter, compared to the consensus estimate of $706.60 million. Wabco Holdings had a net margin of 7.28% and a return on equity of 39.45%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.40 earnings per share. On average, equities analysts predict that Wabco Holdings Inc. will post $5.73 earnings per share for the current year.
Several equities research analysts have recently issued reports on WBC shares. TheStreet raised shares of Wabco Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 20th. Zacks Investment Research raised shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a research note on Wednesday, September 21st. Robert W. Baird reissued a “buy” rating on shares of Wabco Holdings in a research note on Tuesday, June 28th. Deutsche Bank AG started coverage on shares of Wabco Holdings in a research note on Tuesday, September 6th. They set a “hold” rating and a $113.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their target price on shares of Wabco Holdings from $109.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, August 15th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $117.08.
In related news, insider Nick Rens sold 600 shares of the business’s 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 sale, the insider now owns 9,665 shares of the company’s stock, valued at $978,001.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate 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. 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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