AMP Capital Investors Ltd grew its position in WABCO Holdings Inc. (NYSE:WBC) by 12.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,040 shares of the auto parts company’s stock after acquiring an additional 3,150 shares during the quarter. AMP Capital Investors Ltd owned approximately 0.05% of WABCO worth $4,024,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Epoch Investment Partners Inc. increased its holdings in shares of 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. increased its holdings in shares of WABCO by 18.5% in the 3rd quarter. Advisor Group Inc. now owns 2,751 shares of the auto parts company’s stock valued at $408,000 after acquiring an additional 429 shares during 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 acquiring an additional 464 shares during the last quarter. 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 acquiring an additional 491 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of WABCO by 114.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 935 shares of the auto parts company’s stock valued at $134,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.
WABCO Holdings Inc. (NYSE WBC) opened at $139.42 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.93 and a current ratio of 2.23. WABCO Holdings Inc. has a 12-month low of $111.68 and a 12-month high of $162.20. The stock has a market capitalization of $7,592.83, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 1.24 and a beta of 1.80.
WABCO (NYSE:WBC) last announced its quarterly earnings results on Friday, February 16th. The auto parts company reported $2.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.20. WABCO had a return on equity of 37.38% and a net margin of 12.29%. The company had revenue of $934.00 million during the quarter, compared to analyst estimates of $900.52 million. During the same quarter in the previous year, the firm posted $1.47 EPS. The firm’s quarterly revenue was up 30.9% on a year-over-year basis. sell-side analysts expect that WABCO Holdings Inc. will post 7.6 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on WBC. Stifel Nicolaus set a $162.00 price target on WABCO and gave the company a “buy” rating in a report on Friday, February 9th. BMO Capital Markets restated a “market perform” rating and set a $150.00 price objective (down previously from $160.00) on shares of WABCO in a research report on Friday, February 23rd. Buckingham Research restated a “neutral” rating and set a $152.00 price objective (down previously from $156.00) on shares of WABCO in a research report on Tuesday, February 20th. Zacks Investment Research lowered 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 report on Friday, December 1st. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $162.13.
In other WABCO news, insider Nicolas Bardot sold 834 shares of the business’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 transaction, the insider now owns 4,243 shares in the company, valued at approximately $580,781.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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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