Public Employees Retirement Association of Colorado reduced its position in shares of WABCO Holdings Inc. (NYSE:WBC) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,780 shares of the auto parts company’s stock after selling 83 shares during the period. Public Employees Retirement Association of Colorado’s holdings in WABCO Holdings were worth $1,375,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in WBC. Cortina Asset Management LLC acquired a new position in shares of WABCO Holdings during the first quarter worth approximately $200,000. Denver Investment Advisors LLC acquired a new position in shares of WABCO Holdings during the first quarter worth approximately $205,000. RGT Capital Management Ltd. acquired a new position in shares of WABCO Holdings during the first quarter worth approximately $206,000. Bancorpsouth Inc. acquired a new position in shares of WABCO Holdings during the first quarter worth approximately $219,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of WABCO Holdings during the first quarter worth approximately $222,000.
WABCO Holdings Inc. (NYSE WBC) opened at 139.03 on Friday. The firm has a market capitalization of $7.46 billion, a PE ratio of 23.19 and a beta of 1.65. The stock’s 50 day moving average is $132.85 and its 200-day moving average is $120.93. WABCO Holdings Inc. has a 1-year low of $96.10 and a 1-year high of $144.98.
WABCO Holdings (NYSE:WBC) last posted its earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.15. The company had revenue of $795 million for the quarter, compared to analysts’ expectations of $759.33 million. WABCO Holdings had a return on equity of 43.59% and a net margin of 11.51%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $1.43 earnings per share. Equities research analysts forecast that WABCO Holdings Inc. will post $6.27 EPS for the current year.
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A number of equities analysts have recently commented on the stock. BidaskClub cut shares of WABCO Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $150.00 target price (up from $130.00) on shares of WABCO Holdings in a report on Friday, July 21st. Zacks Investment Research raised shares of WABCO Holdings from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a research note on Tuesday, July 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $127.00 price objective on shares of WABCO Holdings in a research note on Friday, July 7th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $147.00 price objective on shares of WABCO Holdings in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $135.00.
In other WABCO Holdings news, Director Juergen Gromer sold 7,127 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $138.00, for a total value of $983,526.00. Following the sale, the director now directly owns 969 shares in the company, valued at $133,722. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lisa Jane Brown sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $140.00, for a total value of $140,000.00. Following the completion of the sale, the insider now owns 4,228 shares in the company, valued at $591,920. The disclosure for this sale can be found here. Insiders sold 14,054 shares of company stock worth $1,952,903 over the last quarter. 0.79% of the stock is currently owned by company 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.
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