GSA Capital Partners LLP Takes Position in Wabco Holdings Inc. (WBC)
GSA Capital Partners LLP acquired a new position in shares of Wabco Holdings Inc. (NYSE:WBC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,024 shares of the auto parts company’s stock, valued at approximately $513,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacad Investment Ltd. purchased a new position in Wabco Holdings during the 2nd quarter worth $179,000. Trexquant Investment LP purchased a new position in Wabco Holdings during the 2nd quarter worth $204,000. Sawtooth Solutions LLC purchased a new position in Wabco Holdings during the 2nd quarter worth $238,000. BB&T Securities LLC purchased a new position in Wabco Holdings during the 1st quarter worth $242,000. Finally, Laurion Capital Management LP purchased a new position in Wabco Holdings during the 2nd quarter worth $242,000. 97.53% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on WBC. Royal Bank Of Canada reaffirmed a “buy” rating and set a $137.00 price objective on shares of Wabco Holdings in a report on Thursday, July 20th. BidaskClub downgraded shares of Wabco Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $147.00 price objective on shares of Wabco Holdings in a report on Wednesday, July 19th. Zacks Investment Research raised shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $161.00 price objective on the stock in a report on Tuesday, September 5th. Finally, KeyCorp reaffirmed a “buy” rating and set a $161.00 price objective (up from $156.00) on shares of Wabco Holdings in a report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $145.79.
Wabco Holdings Inc. (WBC) opened at 149.78 on Wednesday. The company has a 50 day moving average of $144.77 and a 200-day moving average of $129.83. Wabco Holdings Inc. has a one year low of $96.10 and a one year high of $152.61. The stock has a market capitalization of $8.03 billion, a P/E ratio of 24.98 and a beta of 1.65.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings data on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.54 by $0.15. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The company had revenue of $795.00 million during the quarter, compared to the consensus estimate of $759.33 million. During the same period last year, the company earned $1.43 EPS. Wabco Holdings’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts predict that Wabco Holdings Inc. will post $6.33 earnings per share for the current fiscal year.
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In related news, Director G Peter Daloia sold 3,626 shares of Wabco Holdings stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $139.78, for a total value of $506,842.28. Following the completion of the sale, the director now directly owns 4,316 shares in the company, valued at approximately $603,290.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Juergen Gromer sold 7,127 shares of Wabco Holdings 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 completion of 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 sold a total of 14,054 shares of company stock valued at $1,952,903 over the last quarter. 0.79% of the stock is owned by corporate insiders.
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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