WABCO Holdings Inc. (WBC) Stake Lifted by Bamco Inc. NY
Bamco Inc. NY raised its position in WABCO Holdings Inc. (NYSE:WBC) by 5.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 103,492 shares of the auto parts company’s stock after purchasing an additional 5,040 shares during the period. Bamco Inc. NY owned 0.19% of WABCO worth $15,317,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. IHT Wealth Management LLC increased its stake in WABCO by 190.0% during the 2nd quarter. IHT Wealth Management LLC now owns 290 shares of the auto parts company’s stock valued at $256,000 after purchasing an additional 190 shares in the last quarter. Zions Bancorporation bought a new stake in shares of WABCO in the 3rd quarter worth $179,000. Brown Advisory Inc. bought a new stake in shares of WABCO in the 3rd quarter worth $202,000. Cadence Capital Management LLC bought a new stake in shares of WABCO in the 3rd quarter worth $207,000. Finally, Pacad Investment Ltd. bought a new stake in shares of WABCO in the 2nd quarter worth $179,000. Hedge funds and other institutional investors own 95.32% of the company’s stock.
Shares of WABCO Holdings Inc. (WBC) traded down $1.36 during trading on Thursday, hitting $143.66. 246,600 shares of the stock were exchanged, compared to its average volume of 410,820. WABCO Holdings Inc. has a 52-week low of $102.39 and a 52-week high of $156.08. The stock has a market capitalization of $7,780.06, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 1.45 and a beta of 1.67. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.60 and a current ratio of 3.00.
WABCO (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, topping analysts’ consensus estimates of $1.53 by $0.18. WABCO had a net margin of 9.75% and a return on equity of 38.93%. The firm had revenue of $827.80 million for the quarter, compared to the consensus estimate of $756.57 million. During the same period in the prior year, the firm posted $1.54 earnings per share. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. equities research analysts expect that WABCO Holdings Inc. will post 6.65 EPS for the current year.
Several analysts have recently issued reports on WBC shares. Zacks Investment Research lowered shares of WABCO from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. KeyCorp boosted their price target on shares of WABCO from $161.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. Citigroup boosted their price target on shares of WABCO from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Robert W. Baird reissued a “buy” rating and issued a $149.00 price target on shares of WABCO in a report on Thursday, August 24th. Finally, Buckingham Research began coverage on shares of WABCO in a report on Tuesday, September 5th. They issued a “neutral” rating and a $142.00 price target on the stock. Five 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 stock. WABCO presently has an average rating of “Buy” and a consensus target price of $159.80.
In other news, Chairman Jacques Esculier sold 172,394 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $151.24, for a total value of $26,072,868.56. Following the sale, the chairman now directly owns 312,079 shares of the company’s stock, valued at $47,198,827.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.79% of the company’s stock.
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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