Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of WABCO Holdings Inc. (NYSE:WBC) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 157,848 shares of the auto parts company’s stock after buying an additional 4,698 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.30% of WABCO worth $18,617,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Metropolitan Life Insurance Co. NY raised its holdings in WABCO by 11.4% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 4,216 shares of the auto parts company’s stock worth $493,000 after buying an additional 433 shares during the period. Daiwa SB Investments Ltd. raised its holdings in shares of WABCO by 9.1% in the third quarter. Daiwa SB Investments Ltd. now owns 5,970 shares of the auto parts company’s stock valued at $704,000 after purchasing an additional 500 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of WABCO by 21.5% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 3,388 shares of the auto parts company’s stock valued at $400,000 after purchasing an additional 600 shares during the last quarter. Wesbanco Bank Inc. raised its holdings in shares of WABCO by 28.6% in the second quarter. Wesbanco Bank Inc. now owns 3,600 shares of the auto parts company’s stock valued at $421,000 after purchasing an additional 800 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of WABCO by 27.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,910 shares of the auto parts company’s stock valued at $457,000 after purchasing an additional 850 shares during the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.
NYSE:WBC opened at $118.70 on Monday. WABCO Holdings Inc. has a 1-year low of $100.80 and a 1-year high of $162.20. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.28 and a quick ratio of 1.89. The firm has a market capitalization of $6.19 billion, a P/E ratio of 17.30, a PEG ratio of 1.02 and a beta of 1.79.
WABCO (NYSE:WBC) last released its earnings results on Thursday, October 18th. The auto parts company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.19. WABCO had a net margin of 11.62% and a return on equity of 33.10%. The business had revenue of $914.80 million during the quarter, compared to analysts’ expectations of $932.66 million. During the same period last year, the business earned $1.71 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. As a group, sell-side analysts anticipate that WABCO Holdings Inc. will post 7.73 EPS for the current year.
A number of research firms have recently issued reports on WBC. ValuEngine upgraded shares of WABCO from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. Morgan Stanley set a $124.00 price objective on shares of WABCO and gave the company a “buy” rating in a report on Friday, October 19th. Robert W. Baird lowered their price objective on shares of WABCO from $120.00 to $119.00 and set a “neutral” rating on the stock in a report on Friday, October 19th. Citigroup lowered their price objective on shares of WABCO from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, October 19th. Finally, Bank of America downgraded shares of WABCO from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $130.00 to $95.00 in a report on Wednesday, October 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. WABCO currently has a consensus rating of “Hold” and an average target price of $132.82.
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WABCO Company Profile
WABCO Holdings Inc, together with its subsidiaries, supplies electronic, mechanical, electro-mechanical, and aerodynamic products worldwide. The company engineers, develops, manufactures, and sells braking, stability, suspension, transmission automation, and air management systems primarily for commercial vehicles.
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