Wabco Holdings Inc. (WBC) Stake Boosted by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA lifted its stake in Wabco Holdings Inc. (NYSE:WBC) by 154.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,391 shares of the auto parts company’s stock after purchasing an additional 8,137 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Wabco Holdings were worth $1,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of the company. FDx Advisors Inc. raised its position in shares of Wabco Holdings by 80.7% in the 3rd quarter. FDx Advisors Inc. now owns 4,964 shares of the auto parts company’s stock worth $735,000 after purchasing an additional 2,217 shares during the last quarter. ZWJ Investment Counsel Inc. raised its position in shares of Wabco Holdings by 0.7% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 87,443 shares of the auto parts company’s stock worth $12,942,000 after purchasing an additional 595 shares during the last quarter. Swiss National Bank raised its position in shares of Wabco Holdings by 0.3% in the 3rd quarter. Swiss National Bank now owns 189,500 shares of the auto parts company’s stock worth $28,046,000 after purchasing an additional 500 shares during the last quarter. USA Financial Portformulas Corp purchased a new position in shares of Wabco Holdings in the 3rd quarter worth about $811,000. Finally, Riverbridge Partners LLC raised its position in shares of Wabco Holdings by 2.6% in the 3rd quarter. Riverbridge Partners LLC now owns 183,229 shares of the auto parts company’s stock worth $27,118,000 after purchasing an additional 4,623 shares during the last quarter. 97.49% of the stock is owned by hedge funds and other institutional investors.
Wabco Holdings Inc. (WBC) traded down $0.87 during midday trading on Friday, reaching $144.19. The company had a trading volume of 288,100 shares, compared to its average volume of 414,928. Wabco Holdings Inc. has a 52 week low of $96.10 and a 52 week high of $156.08. The company has a market cap of $7,735.53, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 1.45 and a beta of 1.68. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.00 and a quick ratio of 2.60.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings data on Thursday, October 19th. The auto parts company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.53 by $0.18. Wabco Holdings had a return on equity of 38.93% and a net margin of 9.75%. The company had revenue of $827.80 million during the quarter, compared to the consensus estimate of $756.57 million. During the same period last year, the company earned $1.54 EPS. Wabco Holdings’s revenue for the quarter was up 22.6% on a year-over-year basis. equities research analysts anticipate that Wabco Holdings Inc. will post 6.64 EPS for the current year.
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Several equities analysts have recently issued reports on WBC shares. Zacks Investment Research lowered Wabco Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. KeyCorp lifted their price target on Wabco Holdings from $161.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, October 20th. Robert W. Baird reaffirmed a “buy” rating and issued a $149.00 price target on shares of Wabco Holdings in a research report on Thursday, August 24th. Citigroup Inc. lifted their price target on Wabco Holdings from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Buckingham Research started coverage on Wabco Holdings in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $142.00 price target for the company. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Wabco Holdings presently has an average rating of “Buy” and a consensus target price of $159.80.
In related news, Chairman Jacques Esculier sold 172,394 shares of Wabco Holdings stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $151.24, for a total value of $26,072,868.56. Following the completion of the sale, the chairman now directly owns 312,079 shares in the company, valued at approximately $47,198,827.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.79% of the stock is currently owned by company insiders.
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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