EdgePoint Investment Group Inc. lessened its position in Wabco Holdings Inc. (NYSE:WBC) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,174,681 shares of the auto parts company’s stock after selling 15,571 shares during the period. Wabco Holdings makes up 6.4% of EdgePoint Investment Group Inc.’s holdings, making the stock its 3rd largest position. EdgePoint Investment Group Inc. owned about 5.92% of Wabco Holdings worth $404,804,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of WBC. Great West Life Assurance Co. Can raised its stake in shares of Wabco Holdings by 2.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 17,583 shares of the auto parts company’s stock worth $2,063,000 after buying an additional 461 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of Wabco Holdings by 12.5% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 2,157 shares of the auto parts company’s stock worth $253,000 after buying an additional 240 shares in the last quarter. Henderson Group PLC raised its stake in shares of Wabco Holdings by 7.3% in the 1st quarter. Henderson Group PLC now owns 5,913 shares of the auto parts company’s stock worth $694,000 after buying an additional 400 shares in the last quarter. US Bancorp DE raised its stake in shares of Wabco Holdings by 68.6% in the 1st quarter. US Bancorp DE now owns 10,818 shares of the auto parts company’s stock worth $1,270,000 after buying an additional 4,400 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Wabco Holdings by 3.2% in the 1st quarter. Bank of New York Mellon Corp now owns 267,063 shares of the auto parts company’s stock worth $31,358,000 after buying an additional 8,364 shares in the last quarter. 97.54% of the stock is currently owned by institutional investors.
Shares of Wabco Holdings Inc. (NYSE WBC) traded up 0.21% on Friday, hitting $142.24. The stock had a trading volume of 588,978 shares. Wabco Holdings Inc. has a one year low of $96.10 and a one year high of $144.98. The firm has a 50 day moving average price of $139.53 and a 200 day moving average price of $125.58. The company has a market capitalization of $7.63 billion, a P/E ratio of 23.73 and a beta of 1.64.
Wabco Holdings (NYSE:WBC) last issued its quarterly earnings data on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.15. The business had revenue of $795.00 million for the quarter, compared to the consensus estimate of $759.33 million. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. On average, equities research analysts predict that Wabco Holdings Inc. will post $6.27 earnings per share for the current fiscal year.
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In other Wabco Holdings news, Director Juergen Gromer sold 7,127 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $138.00, for a total transaction of $983,526.00. Following the completion of the transaction, the director now owns 969 shares in the company, valued at approximately $133,722. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Sean Deason sold 789 shares of the stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $140.50, for a total value of $110,854.50. Following the transaction, the vice president now owns 2,277 shares of the company’s stock, valued at approximately $319,918.50. The disclosure for this sale can be found here. Insiders have sold a total of 14,054 shares of company stock worth $1,952,903 in the last ninety days. 0.79% of the stock is currently owned by company insiders.
A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Wabco Holdings from a “hold” rating to a “buy” rating and set a $156.00 target price on the stock in a report on Wednesday, August 30th. Deutsche Bank AG lifted their target price on Wabco Holdings from $128.00 to $146.00 and gave the stock a “hold” rating in a report on Friday, July 21st. Bank of America Corporation restated a “buy” rating and issued a $150.00 target price on shares of Wabco Holdings in a report on Saturday, August 19th. BidaskClub upgraded Wabco Holdings from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Finally, Piper Jaffray Companies set a $147.00 target price on Wabco Holdings and gave the stock a “buy” rating in a report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $141.08.
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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