Dynamic Technology Lab Private Ltd Takes Position in Wabco Holdings Inc. (WBC)
Dynamic Technology Lab Private Ltd acquired a new position in shares of Wabco Holdings Inc. (NYSE:WBC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,829 shares of the auto parts company’s stock, valued at approximately $2,047,000. Wabco Holdings comprises about 0.3% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 18th biggest position.
A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Wabco Holdings by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,202,800 shares of the auto parts company’s stock worth $535,900,000 after acquiring an additional 98,206 shares during the last quarter. FMR LLC boosted its stake in shares of Wabco Holdings by 271.4% in the 2nd quarter. FMR LLC now owns 2,292,816 shares of the auto parts company’s stock valued at $292,356,000 after purchasing an additional 1,675,407 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Wabco Holdings by 2.1% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,624,268 shares of the auto parts company’s stock valued at $240,392,000 after purchasing an additional 34,006 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Wabco Holdings by 4.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,489,226 shares of the auto parts company’s stock valued at $189,891,000 after purchasing an additional 56,673 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Wabco Holdings by 45.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,301,029 shares of the auto parts company’s stock valued at $165,894,000 after purchasing an additional 405,959 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.
In other Wabco Holdings news, Chairman Jacques Esculier sold 172,394 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $151.24, for a total transaction of $26,072,868.56. Following the sale, the chairman now directly owns 312,079 shares in the company, valued at approximately $47,198,827.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.79% of the company’s stock.
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Shares of Wabco Holdings Inc. (WBC) traded down $0.40 during trading hours on Friday, hitting $144.64. 491,460 shares of the company were exchanged, compared to its average volume of 448,637. The firm has a market cap of $7,759.65, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 1.45 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 Inc. has a 1-year low of $96.10 and a 1-year high of $156.08.
Wabco Holdings (NYSE:WBC) last announced its quarterly earnings results on Thursday, October 19th. The auto parts company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.18. The business had revenue of $827.80 million for the quarter, compared to the consensus estimate of $756.57 million. Wabco Holdings had a net margin of 9.75% and a return on equity of 38.93%. Wabco Holdings’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period last year, the company posted $1.54 EPS. equities analysts anticipate that Wabco Holdings Inc. will post 6.64 earnings per share for the current year.
Several research analysts have recently issued reports on the stock. Vertical Research lowered shares of Wabco Holdings from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. KeyCorp raised their target price on shares of Wabco Holdings from $161.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. Zacks Investment Research lowered shares of Wabco Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Robert W. Baird raised their target price on shares of Wabco Holdings from $170.00 to $182.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Finally, Berenberg Bank assumed coverage on shares of Wabco Holdings in a research note on Monday, September 25th. They issued a “buy” rating and a $173.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Wabco Holdings presently has an average rating of “Buy” and a consensus price target of $159.80.
Wabco Holdings 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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