WABCO Holdings Inc. (WBC) Shares Sold by Mitsubishi UFJ Trust & Banking Corp
Mitsubishi UFJ Trust & Banking Corp lowered its position in WABCO Holdings Inc. (NYSE:WBC) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,184 shares of the auto parts company’s stock after selling 486 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.20% of WABCO worth $15,567,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Advisory Services Network LLC grew its stake in WABCO by 0.6% in the second quarter. Advisory Services Network LLC now owns 7,046 shares of the auto parts company’s stock worth $898,000 after purchasing an additional 40 shares in the last quarter. Prudential Financial Inc. grew its stake in WABCO by 3.3% in the second quarter. Prudential Financial Inc. now owns 3,160 shares of the auto parts company’s stock worth $403,000 after purchasing an additional 100 shares in the last quarter. IHT Wealth Management LLC grew its stake in WABCO by 190.0% in the second quarter. IHT Wealth Management LLC now owns 290 shares of the auto parts company’s stock worth $256,000 after purchasing an additional 190 shares in the last quarter. ZWJ Investment Counsel Inc. grew its stake in WABCO by 0.3% in the second quarter. ZWJ Investment Counsel Inc. now owns 86,848 shares of the auto parts company’s stock worth $11,074,000 after purchasing an additional 277 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in WABCO by 0.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 76,559 shares of the auto parts company’s stock valued at $9,762,000 after acquiring an additional 364 shares in the last quarter. 95.31% of the stock is currently owned by institutional investors.
Several analysts have issued reports on WBC shares. Zacks Investment Research cut WABCO from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. KeyCorp increased their target price on WABCO from $161.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, October 20th. Citigroup increased their target price on WABCO from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Robert W. Baird reaffirmed a “buy” rating and set a $149.00 target price on shares of WABCO in a research report on Thursday, August 24th. Finally, Buckingham Research started coverage on WABCO in a research report on Tuesday, September 5th. They set a “neutral” rating and a $142.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. WABCO currently has an average rating of “Buy” and an average price target of $159.80.
WABCO (NYSE:WBC) last issued its quarterly earnings data on Thursday, October 19th. The auto parts company reported $1.71 EPS for the quarter, beating the 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 during the quarter, compared to analyst estimates of $756.57 million. During the same quarter in the prior year, the business posted $1.54 EPS. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. research analysts forecast that WABCO Holdings Inc. will post 6.65 earnings per share for the current fiscal year.
In other news, Chairman Jacques Esculier sold 172,394 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $151.24, for a total transaction of $26,072,868.56. Following the completion of the sale, the chairman now owns 312,079 shares in the company, valued at approximately $47,198,827.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.79% of the company’s stock.
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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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