Lord Abbett & CO. LLC Acquires Shares of 189,687 Wabco Holdings Inc. (WBC)

Lord Abbett & CO. LLC acquired a new position in shares of Wabco Holdings Inc. (NYSE:WBC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 189,687 shares of the auto parts company’s stock, valued at approximately $24,187,000. Lord Abbett & CO. LLC owned 0.35% of Wabco Holdings as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Wabco Holdings by 2.4% during the second quarter. Vanguard Group Inc. now owns 4,202,800 shares of the auto parts company’s stock worth $535,900,000 after buying an additional 98,206 shares during the period. BlackRock Inc. increased its position in shares of Wabco Holdings by 4,696.5% during the first quarter. BlackRock Inc. now owns 2,830,351 shares of the auto parts company’s stock worth $332,341,000 after buying an additional 2,771,342 shares during the period. FMR LLC increased its position in shares of Wabco Holdings 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 buying an additional 1,675,407 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Wabco Holdings by 2.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,590,262 shares of the auto parts company’s stock worth $202,774,000 after buying an additional 44,578 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Wabco Holdings by 4.0% during the second quarter. JPMorgan Chase & Co. now owns 1,489,226 shares of the auto parts company’s stock worth $189,891,000 after buying an additional 56,673 shares during the period. Institutional investors own 97.52% of the company’s stock.

Shares of Wabco Holdings Inc. (WBC) opened at 154.66 on Monday. The firm has a market capitalization of $8.29 billion, a PE ratio of 25.80 and a beta of 1.65. Wabco Holdings Inc. has a 12-month low of $96.10 and a 12-month high of $155.94. The firm has a 50-day moving average of $147.26 and a 200-day moving average of $131.57.

Wabco Holdings (NYSE:WBC) last issued its quarterly earnings data on Thursday, October 19th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.18. The business had revenue of $827.80 million for the quarter, compared to the consensus estimate of $756.57 million. Wabco Holdings had a net margin of 9.75% and a return on equity of 41.10%. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.54 EPS. Equities analysts anticipate that Wabco Holdings Inc. will post $6.47 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Lord Abbett & CO. LLC Acquires Shares of 189,687 Wabco Holdings Inc. (WBC)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/23/lord-abbett-co-llc-acquires-shares-of-189687-wabco-holdings-inc-wbc.html.

In other news, Director Juergen Gromer sold 7,127 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $138.00, for a total value of $983,526.00. Following the sale, the director now directly owns 969 shares of the company’s stock, valued at approximately $133,722. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lisa Jane Brown sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $140.00, for a total transaction of $140,000.00. Following the completion of the sale, the insider now directly owns 4,228 shares in the company, valued at $591,920. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by insiders.

Several research firms have recently weighed in on WBC. Citigroup Inc. increased their price objective on shares of Wabco Holdings from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets increased their price objective on shares of Wabco Holdings from $147.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank Of Canada increased their price objective on shares of Wabco Holdings to $169.00 and gave the stock an “outperform” rating in a research report on Friday. Buckingham Research

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Wabco Holdings by 2.4% during the second quarter. Vanguard Group Inc. now owns 4,202,800 shares of the auto parts company’s stock worth $535,900,000 after buying an additional 98,206 shares during the period. BlackRock Inc. increased its position in shares of Wabco Holdings by 4,696.5% during the first quarter. BlackRock Inc. now owns 2,830,351 shares of the auto parts company’s stock worth $332,341,000 after buying an additional 2,771,342 shares during the period. FMR LLC increased its position in shares of Wabco Holdings 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 buying an additional 1,675,407 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Wabco Holdings by 2.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,590,262 shares of the auto parts company’s stock worth $202,774,000 after buying an additional 44,578 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Wabco Holdings by 4.0% during the second quarter. JPMorgan Chase & Co. now owns 1,489,226 shares of the auto parts company’s stock worth $189,891,000 after buying an additional 56,673 shares during the period. Institutional investors own 97.52% of the company’s stock.

Shares of Wabco Holdings Inc. (WBC) opened at 154.66 on Monday. The firm has a market capitalization of $8.29 billion, a PE ratio of 25.80 and a beta of 1.65. Wabco Holdings Inc. has a 12-month low of $96.10 and a 12-month high of $155.94. The firm has a 50-day moving average of $147.26 and a 200-day moving average of $131.57.

Wabco Holdings (NYSE:WBC) last issued its quarterly earnings data on Thursday, October 19th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.18. The business had revenue of $827.80 million for the quarter, compared to the consensus estimate of $756.57 million. Wabco Holdings had a net margin of 9.75% and a return on equity of 41.10%. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.54 EPS. Equities analysts anticipate that Wabco Holdings Inc. will post $6.47 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Lord Abbett & CO. LLC Acquires Shares of 189,687 Wabco Holdings Inc. (WBC)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/23/lord-abbett-co-llc-acquires-shares-of-189687-wabco-holdings-inc-wbc.html.

In other news, Director Juergen Gromer sold 7,127 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $138.00, for a total value of $983,526.00. Following the sale, the director now directly owns 969 shares of the company’s stock, valued at approximately $133,722. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lisa Jane Brown sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $140.00, for a total transaction of $140,000.00. Following the completion of the sale, the insider now directly owns 4,228 shares in the company, valued at $591,920. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by insiders.

Several research firms have recently weighed in on WBC. Citigroup Inc. increased their price objective on shares of Wabco Holdings from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets increased their price objective on shares of Wabco Holdings from $147.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank Of Canada increased their price objective on shares of Wabco Holdings to $169.00 and gave the stock an “outperform” rating in a research report on Friday. Buckingham Research increased their price objective on shares of Wabco Holdings from $148.00 to $154.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, KeyCorp increased their price objective on shares of Wabco Holdings from $161.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday. Four equities 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’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $159.80.

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.

Institutional Ownership by Quarter for Wabco Holdings (NYSE:WBC)

Receive News & Ratings for Wabco Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabco Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply