5,481 Shares in Wabco Holdings Inc. (WBC) Purchased by USA Financial Portformulas Corp
USA Financial Portformulas Corp purchased a new stake in Wabco Holdings Inc. (NYSE:WBC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,481 shares of the auto parts company’s stock, valued at approximately $811,000.
Several other hedge funds also recently made changes to their positions in WBC. Dimensional Fund Advisors LP increased its stake in shares of Wabco Holdings by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 238,664 shares of the auto parts company’s stock valued at $28,023,000 after acquiring an additional 1,861 shares during the last quarter. Morgan Stanley increased its stake in Wabco Holdings by 33.5% during the 1st quarter. Morgan Stanley now owns 33,645 shares of the auto parts company’s stock worth $3,950,000 after purchasing an additional 8,446 shares in the last quarter. State Street Corp increased its stake in Wabco Holdings by 2.6% during the 1st quarter. State Street Corp now owns 963,551 shares of the auto parts company’s stock worth $113,135,000 after purchasing an additional 24,800 shares in the last quarter. Fox Run Management L.L.C. increased its stake in Wabco Holdings by 189.5% during the 2nd quarter. Fox Run Management L.L.C. now owns 5,500 shares of the auto parts company’s stock worth $701,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Atria Investments LLC bought a new stake in Wabco Holdings during the 2nd quarter worth approximately $411,000. 98.15% of the stock is owned by institutional investors.
In other Wabco Holdings news, Chairman Jacques Esculier sold 172,394 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $151.24, for a total transaction of $26,072,868.56. Following the transaction, the chairman now owns 312,079 shares in the company, valued at approximately $47,198,827.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.79% of the stock is owned by company insiders.
Shares of Wabco Holdings Inc. (WBC) traded down $0.24 during trading on Wednesday, reaching $148.83. The company’s stock had a trading volume of 23,993 shares, compared to its average volume of 525,460. Wabco Holdings Inc. has a fifty-two week low of $96.10 and a fifty-two week high of $156.08. The firm has a market cap of $8,046.15, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 1.51 and a beta of 1.68. The company has a quick ratio of 2.60, a current ratio of 3.00 and a debt-to-equity ratio of 0.99.
Wabco Holdings (NYSE:WBC) last announced its quarterly earnings results on Thursday, October 19th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.18. The business had revenue of $827.80 million during the quarter, compared to the consensus estimate of $756.57 million. Wabco Holdings had a return on equity of 38.93% and a net margin of 9.75%. The company’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 EPS. sell-side analysts expect that Wabco Holdings Inc. will post 6.64 EPS for the current year.
A number of research firms recently issued reports on WBC. Vertical Research cut Wabco Holdings from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Piper Jaffray Companies reissued a “buy” rating and set a $167.00 target price on shares of Wabco Holdings in a research note on Sunday, October 22nd. Robert W. Baird increased their target price on Wabco Holdings from $170.00 to $182.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th. BMO Capital Markets increased their target price on Wabco Holdings from $147.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th. Finally, Bank of America Corporation raised their price target on shares of Wabco Holdings from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $159.80.
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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