4,191 Shares in Wabco Holdings Inc. (WBC) Acquired by Cipher Capital LP
Cipher Capital LP bought a new position in shares of Wabco Holdings Inc. (NYSE:WBC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,191 shares of the auto parts company’s stock, valued at approximately $535,000.
Other institutional investors have also modified their holdings of the company. Fox Run Management L.L.C. raised its holdings in shares of Wabco Holdings by 189.5% during the second quarter. Fox Run Management L.L.C. now owns 5,500 shares of the auto parts company’s stock worth $701,000 after purchasing an additional 3,600 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Wabco Holdings by 21.2% during the first quarter. Envestnet Asset Management Inc. now owns 18,083 shares of the auto parts company’s stock worth $2,125,000 after purchasing an additional 3,167 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Wabco Holdings by 0.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 444,982 shares of the auto parts company’s stock worth $52,249,000 after purchasing an additional 2,013 shares during the last quarter. Denver Investment Advisors LLC purchased a new position in shares of Wabco Holdings during the first quarter worth $205,000. Finally, Vanguard Group Inc. raised its holdings in shares of Wabco Holdings by 2.5% during the first quarter. Vanguard Group Inc. now owns 4,104,594 shares of the auto parts company’s stock worth $481,960,000 after purchasing an additional 99,639 shares during the last quarter. 97.54% of the stock is owned by hedge funds and other institutional investors.
WBC has been the subject of several recent research reports. Zacks Investment Research raised shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $156.00 target price for the company in a report on Wednesday, August 30th. Deutsche Bank AG lifted their price objective on shares of Wabco Holdings from $128.00 to $146.00 and gave the company a “hold” rating in a report on Friday, July 21st. Bank of America Corporation reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Wabco Holdings in a report on Saturday, August 19th. BidaskClub raised shares of 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 price objective on shares of Wabco Holdings and gave the company a “buy” rating in a report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Wabco Holdings has an average rating of “Buy” and an average price target of $141.23.
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Shares of Wabco Holdings Inc. (NYSE WBC) opened at 141.90 on Monday. Wabco Holdings Inc. has a 1-year low of $96.10 and a 1-year high of $144.98. The stock’s 50 day moving average is $139.05 and its 200-day moving average is $124.56. The stock has a market cap of $7.61 billion, a PE ratio of 23.67 and a beta of 1.64.
Wabco Holdings (NYSE:WBC) last posted its earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share for the quarter, beating 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 firm had revenue of $795 million during the quarter, compared to the consensus estimate of $759.33 million. During the same period last year, the firm posted $1.43 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts predict that Wabco Holdings Inc. will post $6.27 EPS for the current fiscal year.
In other Wabco Holdings news, Director G Peter Daloia sold 3,626 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $139.78, for a total transaction of $506,842.28. Following the sale, the director now directly owns 4,316 shares of the company’s stock, valued at approximately $603,290.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sean Deason sold 789 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $140.50, for a total transaction of $110,854.50. Following the sale, the vice president now directly owns 2,277 shares in the company, valued at $319,918.50. The disclosure for this sale can be found here. Insiders have sold a total of 14,054 shares of company stock valued at $1,952,903 over the last 90 days. 0.79% of the stock is currently owned by insiders.
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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