Wabco Holdings Inc. (WBC) Stake Decreased by Voya Investment Management LLC
Voya Investment Management LLC trimmed its position in shares of Wabco Holdings Inc. (NYSE:WBC) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,702 shares of the auto parts company’s stock after selling 1,710 shares during the quarter. Voya Investment Management LLC’s holdings in Wabco Holdings were worth $2,512,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pacad Investment Ltd. bought a new stake in Wabco Holdings in the 2nd quarter valued at $179,000. Trexquant Investment LP bought a new stake in Wabco Holdings in the 2nd quarter valued at $204,000. Sawtooth Solutions LLC bought a new stake in Wabco Holdings in the 2nd quarter valued at $238,000. Laurion Capital Management LP bought a new stake in Wabco Holdings in the 2nd quarter valued at $242,000. Finally, Stratos Wealth Partners LTD. lifted its position in Wabco Holdings by 4.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,983 shares of the auto parts company’s stock valued at $253,000 after acquiring an additional 89 shares in the last quarter. 97.52% of the stock is currently owned by institutional investors.
In related news, Director Juergen Gromer sold 7,127 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $138.00, for a total transaction of $983,526.00. Following the transaction, the director now directly owns 969 shares of the company’s stock, valued at $133,722. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the director now directly owns 4,316 shares in the company, valued at $603,290.48. The disclosure for this sale can be found here. Insiders have sold 14,054 shares of company stock worth $1,952,903 over the last three months. 0.79% of the stock is owned by insiders.
Shares of Wabco Holdings Inc. (WBC) opened at 149.73 on Tuesday. The firm’s 50-day moving average is $145.87 and its 200 day moving average is $130.53. Wabco Holdings Inc. has a 12 month low of $96.10 and a 12 month high of $152.61. The company has a market capitalization of $8.03 billion, a PE ratio of 24.98 and a beta of 1.65.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.15. Wabco Holdings had a net margin of 11.23% and a return on equity of 40.21%. The company had revenue of $795.00 million for the quarter, compared to analyst estimates of $759.33 million. During the same period last year, the firm earned $1.43 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Equities research analysts predict that Wabco Holdings Inc. will post $6.34 EPS for the current year.
Several equities research analysts recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Wabco Holdings in a research report on Monday, September 25th. Berenberg Bank assumed coverage on shares of Wabco Holdings in a research report on Monday, September 25th. They issued a “buy” rating and a $173.00 price objective on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Wabco Holdings in a research report on Thursday, October 12th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $147.00 price objective (up from $128.00) on shares of Wabco Holdings in a research report on Wednesday, October 4th. Finally, Zacks Investment Research raised shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a research report on Friday, September 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $146.50.
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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