Bank of New York Mellon Corp lifted its holdings in WABCO Holdings Inc. (NYSE:WBC) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 283,751 shares of the auto parts company’s stock after acquiring an additional 2,791 shares during the period. Bank of New York Mellon Corp owned approximately 0.53% of WABCO worth $41,995,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in WBC. Alliancebernstein L.P. grew its holdings in WABCO by 4.6% during the 2nd quarter. Alliancebernstein L.P. now owns 461,337 shares of the auto parts company’s stock valued at $58,825,000 after purchasing an additional 20,348 shares in the last quarter. Oakbrook Investments LLC acquired a new position in WABCO during the 3rd quarter worth $253,000. Cipher Capital LP acquired a new position in WABCO during the 2nd quarter worth $535,000. Janus Henderson Group PLC grew its holdings in WABCO by 163.9% during the 2nd quarter. Janus Henderson Group PLC now owns 15,602 shares of the auto parts company’s stock worth $1,989,000 after acquiring an additional 9,689 shares in the last quarter. Finally, CI Investments Inc. acquired a new position in WABCO during the 2nd quarter worth $6,240,000. 95.31% of the stock is owned by institutional investors.
WABCO Holdings Inc. (NYSE WBC) traded down $3.53 during trading on Wednesday, hitting $141.20. 409,100 shares of the stock were exchanged, compared to its average volume of 413,573. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.60 and a current ratio of 3.00. WABCO Holdings Inc. has a one year low of $102.39 and a one year high of $156.08. The company has a market cap of $7,764.50, a P/E ratio of 22.83, a P/E/G ratio of 1.45 and a beta of 1.67.
WABCO (NYSE:WBC) last posted its quarterly earnings results on Thursday, October 19th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.18. WABCO had a net margin of 9.75% and a return on equity of 38.93%. The company had revenue of $827.80 million for the quarter, compared to the consensus estimate of $756.57 million. During the same period last year, the firm posted $1.54 EPS. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. equities analysts expect that WABCO Holdings Inc. will post 6.65 EPS for the current year.
In other news, Chairman Jacques Esculier sold 172,394 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $151.24, for a total value of $26,072,868.56. Following the transaction, the chairman now directly owns 312,079 shares in the company, valued at approximately $47,198,827.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.79% of the company’s stock.
Several research analysts have weighed in on WBC shares. Piper Jaffray Companies reissued a “buy” rating and set a $167.00 price objective on shares of WABCO in a report on Sunday, October 22nd. Zacks Investment Research raised shares of WABCO from a “hold” rating to a “buy” rating and set a $156.00 price objective for the company in a report on Wednesday, August 30th. Bank of America reissued a “buy” rating and set a $150.00 price objective on shares of WABCO in a report on Saturday, August 19th. KeyCorp reissued a “buy” rating and set a $156.00 price objective on shares of WABCO in a report on Thursday, September 7th. Finally, BidaskClub raised shares of WABCO from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. WABCO currently has a consensus rating of “Buy” and a consensus target price of $159.80.
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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