Boston Partners Has $214.47 Million Position in Wabco Holdings Inc. (NYSE:WBC)
Boston Partners cut its stake in shares of Wabco Holdings Inc. (NYSE:WBC) by 45.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,681,995 shares of the auto parts company’s stock after selling 1,376,356 shares during the period. Boston Partners’ holdings in Wabco Holdings were worth $214,471,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Wabco Holdings by 4,696.5% in the first quarter. BlackRock Inc. now owns 2,830,351 shares of the auto parts company’s stock valued at $332,341,000 after buying an additional 2,771,342 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Wabco Holdings by 303.6% in the first quarter. Goldman Sachs Group Inc. now owns 895,070 shares of the auto parts company’s stock valued at $105,099,000 after buying an additional 673,287 shares during the period. Congress Asset Management Co. MA bought a new position in shares of Wabco Holdings during the second quarter valued at about $72,575,000. MARSHALL WACE ASIA Ltd bought a new position in shares of Wabco Holdings during the first quarter valued at about $47,339,000. Finally, Marshall Wace North America L.P. bought a new position in shares of Wabco Holdings during the first quarter valued at about $47,339,000.
Wabco Holdings Inc. (NYSE WBC) opened at 136.76 on Friday. The company has a 50 day moving average price of $132.33 and a 200 day moving average price of $120.69. Wabco Holdings Inc. has a 52 week low of $96.10 and a 52 week high of $144.98. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 22.81 and a beta of 1.65.
Wabco Holdings (NYSE:WBC) last announced its quarterly earnings data on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.15. The firm had revenue of $795 million during 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 firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 earnings per share. Analysts expect that Wabco Holdings Inc. will post $6.27 EPS for the current fiscal year.
WBC has been the subject of several analyst reports. Deutsche Bank AG boosted their price objective on Wabco Holdings from $128.00 to $146.00 and gave the company a “hold” rating in a report on Friday, July 21st. Royal Bank Of Canada reissued a “buy” rating and issued a $127.00 price objective on shares of Wabco Holdings in a report on Friday, June 2nd. BidaskClub raised Wabco Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Stifel Nicolaus reissued a “buy” rating and issued a $130.00 price objective on shares of Wabco Holdings in a report on Monday, April 24th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $115.00 price objective on shares of Wabco Holdings in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $135.00.
In related news, VP Sean Deason sold 789 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $140.50, for a total value of $110,854.50. Following the completion of the sale, the vice president now owns 2,277 shares in the company, valued at $319,918.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Lisa Jane Brown sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $140.00, for a total transaction of $140,000.00. Following the completion of the sale, the insider now owns 4,228 shares of the company’s stock, valued at approximately $591,920. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,054 shares of company stock valued at $1,952,903. 0.79% of the stock is 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.
Want to see what other hedge funds are holding WBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wabco Holdings Inc. (NYSE:WBC).
Receive News & Ratings for Wabco Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabco Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.