Wabco Holdings Inc. (WBC) Position Raised by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. increased its position in shares of Wabco Holdings Inc. (NYSE:WBC) by 6.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,884 shares of the auto parts company’s stock after purchasing an additional 10,072 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.32% of Wabco Holdings worth $21,917,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in WBC. BlackRock Inc. increased its position in shares of Wabco Holdings by 4,696.5% during the 1st quarter. BlackRock Inc. now owns 2,830,351 shares of the auto parts company’s stock worth $332,341,000 after purchasing an additional 2,771,342 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Wabco Holdings by 303.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 895,070 shares of the auto parts company’s stock worth $105,099,000 after purchasing an additional 673,287 shares in the last quarter. Congress Asset Management Co. MA acquired a new stake in shares of Wabco Holdings during the 2nd quarter worth about $72,575,000. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Wabco Holdings during the 1st quarter worth about $47,339,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Wabco Holdings during the 1st quarter worth about $47,339,000. Institutional investors and hedge funds own 97.53% of the company’s stock.
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In other Wabco Holdings news, Director G Peter Daloia sold 3,626 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $139.78, for a total transaction of $506,842.28. Following the completion of the transaction, the director now owns 4,316 shares of the company’s stock, valued at $603,290.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Juergen Gromer sold 7,127 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $138.00, for a total value of $983,526.00. Following the transaction, the director now directly owns 969 shares of the company’s stock, valued at approximately $133,722. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,054 shares of company stock valued at $1,952,903. Insiders own 0.79% of the company’s stock.
Shares of Wabco Holdings Inc. (NYSE:WBC) opened at 142.97 on Tuesday. Wabco Holdings Inc. has a one year low of $96.10 and a one year high of $144.98. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 23.85 and a beta of 1.64. The firm’s 50-day moving average is $139.68 and its 200-day moving average is $125.96.
Wabco Holdings (NYSE:WBC) last issued its earnings results 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. The firm had revenue of $795.00 million during the quarter, compared to the consensus estimate of $759.33 million. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 earnings per share. Analysts expect that Wabco Holdings Inc. will post $6.27 EPS for the current fiscal year.
A number of brokerages recently issued reports on WBC. Zacks Investment Research cut shares of Wabco Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, September 2nd. Buckingham Research began coverage on shares of Wabco Holdings in a research report on Tuesday, September 5th. They set a “neutral” rating and a $142.00 target price for the company. KeyCorp reiterated a “buy” rating and set a $156.00 target price on shares of Wabco Holdings in a research report on Thursday, September 7th. Bank of America Corporation set a $150.00 target price on shares of Wabco Holdings and gave the stock a “buy” rating in a research report on Friday, July 21st. Finally, Deutsche Bank AG increased their target price on shares of Wabco Holdings from $128.00 to $146.00 and gave the stock a “hold” rating in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $141.08.
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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