Pictet & Cie Europe SA cut its stake in Wabco Holdings Inc. (NYSE:WBC) by 18.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,850 shares of the auto parts company’s stock after selling 3,600 shares during the quarter. Pictet & Cie Europe SA’s holdings in Wabco Holdings were worth $2,346,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of WBC. Dimensional Fund Advisors LP raised its position in shares of Wabco Holdings by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 238,664 shares of the auto parts company’s stock valued at $28,023,000 after purchasing an additional 1,861 shares during the period. Morgan Stanley raised its position in shares of Wabco Holdings by 33.5% in the first quarter. Morgan Stanley now owns 33,645 shares of the auto parts company’s stock valued at $3,950,000 after purchasing an additional 8,446 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of Wabco Holdings by 515.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 8,392 shares of the auto parts company’s stock valued at $1,070,000 after purchasing an additional 7,028 shares during the period. Aperio Group LLC raised its position in shares of Wabco Holdings by 15.7% in the second quarter. Aperio Group LLC now owns 20,731 shares of the auto parts company’s stock valued at $2,643,000 after purchasing an additional 2,808 shares during the period. Finally, US Bancorp DE raised its position in shares of Wabco Holdings by 91.9% in the second quarter. US Bancorp DE now owns 20,761 shares of the auto parts company’s stock valued at $2,648,000 after purchasing an additional 9,943 shares during the period. 96.79% of the stock is currently owned by institutional investors.
Several equities analysts recently commented on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $137.00 price target on shares of Wabco Holdings in a research note on Thursday, July 20th. BidaskClub downgraded shares of Wabco Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $161.00 price target on the stock in a research note on Tuesday, September 5th. KeyCorp restated a “buy” rating and issued a $161.00 price target (up from $156.00) on shares of Wabco Holdings in a research note on Tuesday, September 19th. Finally, Buckingham Research upped their price target on shares of Wabco Holdings from $148.00 to $154.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $159.80.
In other news, Chairman Jacques Esculier sold 172,394 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $151.24, for a total transaction of $26,072,868.56. Following the completion of the sale, the chairman now owns 312,079 shares of the company’s stock, valued at approximately $47,198,827.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.79% of the company’s stock.
Wabco Holdings Inc. (WBC) traded up $1.44 during trading on Friday, reaching $145.03. 452,400 shares of the company’s stock traded hands, compared to its average volume of 414,818. The company has a current ratio of 3.00, a quick ratio of 2.60 and a debt-to-equity ratio of 0.99. 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 $7,703.34, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 1.44 and a beta of 1.68.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings results on Thursday, October 19th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.18. Wabco Holdings had a net margin of 9.75% and a return on equity of 38.93%. The firm had revenue of $827.80 million during the quarter, compared to analyst estimates of $756.57 million. During the same quarter last year, the business earned $1.54 EPS. The company’s revenue was up 22.6% compared to the same quarter last year. equities research analysts expect that Wabco Holdings Inc. will post 6.64 EPS for the current fiscal year.
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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