Zurcher Kantonalbank Zurich Cantonalbank Grows Stake in WABCO Holdings Inc. (WBC)
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of WABCO Holdings Inc. (NYSE:WBC) by 18.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,633 shares of the auto parts company’s stock after purchasing an additional 2,280 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in WABCO were worth $2,166,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in WBC. FMR LLC grew its holdings in shares of WABCO by 271.4% during the second quarter. FMR LLC now owns 2,292,816 shares of the auto parts company’s stock worth $292,356,000 after purchasing an additional 1,675,407 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of WABCO by 45.4% in the second quarter. Goldman Sachs Group Inc. now owns 1,301,029 shares of the auto parts company’s stock worth $165,894,000 after acquiring an additional 405,959 shares during the period. Pictet Asset Management Ltd. lifted its stake in shares of WABCO by 137.5% in the third quarter. Pictet Asset Management Ltd. now owns 613,700 shares of the auto parts company’s stock worth $90,828,000 after acquiring an additional 355,300 shares during the period. Franklin Resources Inc. lifted its stake in shares of WABCO by 1,567.3% in the second quarter. Franklin Resources Inc. now owns 236,590 shares of the auto parts company’s stock worth $30,168,000 after acquiring an additional 222,400 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of WABCO by 787.5% in the second quarter. Ameriprise Financial Inc. now owns 230,348 shares of the auto parts company’s stock worth $29,368,000 after acquiring an additional 204,394 shares during the period. Institutional investors own 98.28% of the company’s stock.
WBC has been the topic of a number of recent analyst reports. Zacks Investment Research lowered WABCO from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. KeyCorp lifted their price objective on WABCO from $161.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Citigroup lifted their price objective on WABCO from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Robert W. Baird reaffirmed a “buy” rating and issued a $149.00 price objective on shares of WABCO in a research note on Thursday, August 24th. Finally, Buckingham Research initiated coverage on WABCO in a research note on Tuesday, September 5th. They issued a “neutral” rating and a $142.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $159.80.
Shares of WABCO Holdings Inc. (NYSE WBC) traded down $1.92 on Friday, reaching $147.53. The company’s stock had a trading volume of 270,175 shares, compared to its average volume of 339,103. WABCO Holdings Inc. has a 12-month low of $99.34 and a 12-month high of $156.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.60 and a current ratio of 3.00. The firm has a market capitalization of $8,017.72, a price-to-earnings ratio of 23.57, a PEG ratio of 1.50 and a beta of 1.67.
WABCO (NYSE:WBC) last issued its quarterly earnings results on Thursday, October 19th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.18. WABCO had a return on equity of 38.93% and a net margin of 9.75%. The firm had revenue of $827.80 million for the quarter, compared to analyst estimates of $756.57 million. During the same period in the previous year, the firm earned $1.54 earnings per share. The company’s revenue was up 22.6% compared to the same quarter last year. equities research analysts expect that WABCO Holdings Inc. will post 6.64 EPS for the current fiscal year.
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WABCO 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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