Tredje AP fonden grew its holdings in WABCO Holdings, Inc. (NYSE:WBC) by 55.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,640 shares of the auto parts company’s stock after buying an additional 3,430 shares during the period. Tredje AP fonden’s holdings in WABCO were worth $1,291,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of WBC. Cerebellum GP LLC acquired a new stake in shares of WABCO in the fourth quarter valued at about $129,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of WABCO by 114.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 935 shares of the auto parts company’s stock valued at $134,000 after buying an additional 500 shares during the last quarter. American International Group Inc. acquired a new stake in shares of WABCO in the fourth quarter valued at about $172,000. First Mercantile Trust Co. increased its position in WABCO by 94.7% during the first quarter. First Mercantile Trust Co. now owns 1,328 shares of the auto parts company’s stock worth $178,000 after purchasing an additional 646 shares during the last quarter. Finally, IFM Investors Pty Ltd acquired a new stake in WABCO during the fourth quarter worth about $213,000. Institutional investors and hedge funds own 95.85% of the company’s stock.
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Shares of WABCO opened at $129.47 on Wednesday, MarketBeat Ratings reports. The company has a quick ratio of 3.00, a current ratio of 3.49 and a debt-to-equity ratio of 1.08. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 18.87, a P/E/G ratio of 1.14 and a beta of 1.81. WABCO Holdings, Inc. has a 1-year low of $118.11 and a 1-year high of $162.20.
WABCO (NYSE:WBC) last announced its earnings results on Thursday, April 19th. The auto parts company reported $1.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.16. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $950.91 million. WABCO had a net margin of 11.97% and a return on equity of 35.77%. WABCO’s revenue was up 35.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.47 earnings per share. equities research analysts anticipate that WABCO Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of WABCO from a “buy” rating to a “hold” rating in a research report on Friday, May 4th. William Blair restated a “buy” rating on shares of WABCO in a research report on Wednesday, April 4th. BMO Capital Markets restated a “market perform” rating and set a $150.00 price objective (down from $160.00) on shares of WABCO in a research report on Friday, February 23rd. Stifel Nicolaus set a $162.00 price objective on shares of WABCO and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, Morgan Stanley assumed coverage on shares of WABCO in a research report on Friday, March 2nd. They set an “overweight” rating and a $159.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $162.21.
In other WABCO news, insider Nicolas Bardot sold 834 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $136.88, for a total transaction of $114,157.92. Following the completion of the transaction, the insider now owns 4,243 shares of the company’s stock, valued at $580,781.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.48% of the company’s stock.
WABCO 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.
