Thrivent Financial For Lutherans lowered its position in shares of WABCO Holdings Inc. (NYSE:WBC) by 0.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 709,410 shares of the auto parts company’s stock after selling 1,381 shares during the period. Thrivent Financial For Lutherans owned 1.32% of WABCO worth $101,800,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the company. Epoch Investment Partners Inc. lifted its holdings in WABCO by 0.9% in the 3rd quarter. Epoch Investment Partners Inc. now owns 45,232 shares of the auto parts company’s stock valued at $6,695,000 after acquiring an additional 400 shares during the last quarter. Advisor Group Inc. lifted its stake in WABCO by 18.5% during the third quarter. Advisor Group Inc. now owns 2,751 shares of the auto parts company’s stock valued at $408,000 after buying an additional 429 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of WABCO by 24.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,385 shares of the auto parts company’s stock valued at $304,000 after purchasing an additional 464 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of WABCO by 3.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 15,787 shares of the auto parts company’s stock valued at $2,334,000 after purchasing an additional 491 shares during the period. Finally, Swiss National Bank increased its holdings in shares of WABCO by 0.3% in the 3rd quarter. Swiss National Bank now owns 189,500 shares of the auto parts company’s stock valued at $28,046,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 97.03% of the company’s stock.
In related news, insider Nicolas Bardot sold 834 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $136.88, for a total transaction of $114,157.92. Following the completion of the sale, the insider now directly owns 4,243 shares in the company, valued at approximately $580,781.84. The sale was disclosed in a filing with the SEC, which is available through this link. 0.79% of the stock is owned by corporate insiders.
WABCO Holdings Inc. (NYSE:WBC) traded down $1.26 during mid-day trading on Wednesday, hitting $139.17. The company had a trading volume of 229,755 shares, compared to its average volume of 369,421. The firm has a market cap of $7,540.16, a price-to-earnings ratio of 20.42, a PEG ratio of 1.23 and a beta of 1.80. WABCO Holdings Inc. has a 1-year low of $111.68 and a 1-year high of $162.20. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.23 and a quick ratio of 1.93.
WABCO (NYSE:WBC) last released its quarterly earnings results on Friday, February 16th. The auto parts company reported $2.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.20. The business had revenue of $934.00 million during the quarter, compared to the consensus estimate of $900.52 million. WABCO had a return on equity of 37.38% and a net margin of 12.29%. The firm’s quarterly revenue was up 30.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.47 EPS. research analysts predict that WABCO Holdings Inc. will post 7.6 EPS for the current fiscal year.
A number of equities analysts recently commented on the company. Stifel Nicolaus set a $162.00 price objective on WABCO and gave the stock a “buy” rating in a report on Friday, February 9th. BMO Capital Markets reissued a “market perform” rating and issued a $150.00 price objective (down from $160.00) on shares of WABCO in a research report on Friday, February 23rd. Buckingham Research reissued a “neutral” rating and issued a $152.00 price objective (down from $156.00) on shares of WABCO in a research report on Tuesday, February 20th. Zacks Investment Research cut WABCO from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, ValuEngine lowered WABCO from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $162.13.
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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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