Legal & General Group Plc increased its stake in Wabco Holdings Inc. (NYSE:WBC) by 3.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 67,835 shares of the auto parts company’s stock after buying an additional 2,528 shares during the period. Legal & General Group Plc owned 0.13% of Wabco Holdings worth $8,649,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cortina Asset Management LLC purchased a new stake in shares of Wabco Holdings in the 1st quarter worth approximately $200,000. Trexquant Investment LP bought a new position in Wabco Holdings in the 2nd quarter valued at approximately $204,000. Denver Investment Advisors LLC bought a new position in Wabco Holdings in the 1st quarter valued at approximately $205,000. RGT Capital Management Ltd. bought a new position in Wabco Holdings in the 1st quarter valued at approximately $206,000. Finally, Bancorpsouth Inc. bought a new position in Wabco Holdings in the 1st quarter valued at approximately $219,000. Institutional investors own 97.54% of the company’s stock.

Several research firms recently issued reports on WBC. Zacks Investment Research cut Wabco Holdings from a “buy” rating to a “hold” rating in a research report on Saturday. Robert W. Baird reaffirmed a “buy” rating and issued a $149.00 price objective on shares of Wabco Holdings in a research report on Thursday, August 24th. Stifel Nicolaus set a $150.00 price objective on Wabco Holdings and gave the company a “buy” rating in a research report on Wednesday, August 23rd. BidaskClub raised Wabco Holdings from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Finally, Piper Jaffray Companies set a $147.00 price objective on Wabco Holdings and gave the company a “buy” rating in a research report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $139.36.

Wabco Holdings Inc. (NYSE:WBC) opened at 143.88 on Tuesday. The company has a market capitalization of $7.72 billion, a PE ratio of 24.00 and a beta of 1.64. The stock’s 50 day moving average price is $137.64 and its 200 day moving average price is $123.82. Wabco Holdings Inc. has a 12-month low of $96.10 and a 12-month high of $144.98.

Wabco Holdings (NYSE:WBC) last posted 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. Wabco Holdings had a net margin of 11.23% and a return on equity of 40.21%. The business had revenue of $795 million during the quarter, compared to the consensus estimate of $759.33 million. During the same period in the previous year, the firm posted $1.43 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Wabco Holdings Inc. will post $6.27 EPS for the current fiscal year.

In other news, insider Lisa Jane Brown sold 1,000 shares of Wabco Holdings stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $140.00, for a total transaction of $140,000.00. Following the completion of the sale, the insider now directly owns 4,228 shares in the company, valued at $591,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Juergen Gromer sold 7,127 shares of Wabco Holdings stock in a transaction on Monday, July 31st. The stock was sold at an average price of $138.00, for a total transaction of $983,526.00. Following the sale, the director now owns 969 shares of the company’s stock, valued at $133,722. The disclosure for this sale can be found here. Insiders have sold 14,054 shares of company stock valued at $1,952,903 over the last quarter. Insiders own 0.79% of the company’s stock.

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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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