Frontier Capital Management Co. LLC Sells 788 Shares of Wabco Holdings Inc. (WBC)

Frontier Capital Management Co. LLC cut its position in shares of Wabco Holdings Inc. (NYSE:WBC) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,108 shares of the auto parts company’s stock after selling 788 shares during the period. Frontier Capital Management Co. LLC owned approximately 0.16% of Wabco Holdings worth $10,852,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WBC. Fox Run Management L.L.C. increased its stake in Wabco Holdings by 189.5% in the second quarter. Fox Run Management L.L.C. now owns 5,500 shares of the auto parts company’s stock worth $701,000 after buying an additional 3,600 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Wabco Holdings by 21.2% in the first quarter. Envestnet Asset Management Inc. now owns 18,083 shares of the auto parts company’s stock worth $2,125,000 after buying an additional 3,167 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Wabco Holdings by 0.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 444,982 shares of the auto parts company’s stock worth $52,249,000 after buying an additional 2,013 shares during the last quarter. Denver Investment Advisors LLC acquired a new stake in Wabco Holdings during the first quarter worth approximately $205,000. Finally, Vanguard Group Inc. increased its stake in Wabco Holdings by 2.5% in the first quarter. Vanguard Group Inc. now owns 4,104,594 shares of the auto parts company’s stock worth $481,960,000 after buying an additional 99,639 shares during the last quarter. Institutional investors own 96.35% of the company’s stock.

Wabco Holdings Inc. (NYSE:WBC) opened at 138.24 on Wednesday. Wabco Holdings Inc. has a 52-week low of $96.10 and a 52-week high of $144.98. The stock has a market cap of $7.41 billion, a PE ratio of 23.06 and a beta of 1.65. The company’s 50 day moving average is $134.97 and its 200-day moving average is $122.32.

Wabco Holdings (NYSE:WBC) last posted its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.15. The business had revenue of $795 million during the quarter, compared to analyst estimates of $759.33 million. Wabco Holdings had a net margin of 11.23% and a return on equity of 40.21%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 earnings per share. On average, equities analysts anticipate that Wabco Holdings Inc. will post $6.27 earnings per share for the current year.

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WBC has been the subject of a number of recent research reports. Deutsche Bank AG increased their price objective on shares of Wabco Holdings from $128.00 to $146.00 and gave the company a “hold” rating in a report on Friday, July 21st. Zacks Investment Research upgraded shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a report on Tuesday, July 25th. BidaskClub upgraded shares of Wabco Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Royal Bank Of Canada restated a “buy” rating and set a $127.00 price target on shares of Wabco Holdings in a report on Friday, June 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $150.00 price target (up previously from $130.00) on shares of Wabco Holdings in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. Wabco Holdings has an average rating of “Buy” and an average price target of $138.50.

In related news, Director Juergen Gromer sold 7,127 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $138.00, for a total transaction of $983,526.00. Following the transaction, the director now owns 969 shares of the company’s stock, valued at $133,722. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director G Peter Daloia sold 3,626 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $139.78, for a total transaction of $506,842.28. Following the transaction, the director now directly owns 4,316 shares in the company, valued at approximately $603,290.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,054 shares of company stock worth $1,952,903. Insiders own 0.79% of the company’s stock.

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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Institutional Ownership by Quarter for Wabco Holdings (NYSE:WBC)

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