Swiss National Bank lessened its stake in WABCO Holdings, Inc. (NYSE:WBC) by 13.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,900 shares of the auto parts company’s stock after selling 25,100 shares during the quarter. Swiss National Bank owned about 0.30% of WABCO worth $21,807,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. increased its holdings in WABCO by 114.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 935 shares of the auto parts company’s stock valued at $134,000 after purchasing an additional 500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in WABCO by 3.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,082 shares of the auto parts company’s stock valued at $2,019,000 after purchasing an additional 500 shares during the last quarter. Amalgamated Bank increased its holdings in WABCO by 5.7% in the fourth quarter. Amalgamated Bank now owns 10,126 shares of the auto parts company’s stock valued at $1,453,000 after purchasing an additional 548 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in WABCO by 3.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,340 shares of the auto parts company’s stock valued at $2,345,000 after purchasing an additional 553 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in WABCO by 8.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 7,000 shares of the auto parts company’s stock valued at $1,004,000 after purchasing an additional 560 shares during the last quarter. Institutional investors and hedge funds own 97.80% of the company’s stock.
WABCO opened at $130.43 on Friday, MarketBeat reports. WABCO Holdings, Inc. has a 1 year low of $116.10 and a 1 year high of $162.20. The company has a quick ratio of 3.00, a current ratio of 3.49 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 1.12 and a beta of 1.81.
WABCO (NYSE:WBC) last posted its quarterly earnings data on Thursday, April 19th. The auto parts company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.16. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $950.91 million. WABCO had a return on equity of 35.77% and a net margin of 11.97%. WABCO’s revenue for the quarter was up 35.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 earnings per share. equities research analysts anticipate that WABCO Holdings, Inc. will post 7.69 earnings per share for the current year.
A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded WABCO from a “buy” rating to a “hold” rating in a report on Friday, May 4th. Robert W. Baird upped their price objective on WABCO from $182.00 to $183.00 and gave the company an “outperform” rating in a report on Tuesday, April 17th. William Blair reissued a “buy” rating on shares of WABCO in a research note on Wednesday, April 4th. Morgan Stanley assumed coverage on WABCO in a research note on Friday, March 2nd. They issued an “overweight” rating and a $159.00 target price for the company. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $150.00 target price (down from $160.00) on shares of WABCO in a research note on Friday, February 23rd. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $162.21.
In other news, insider Nicolas Bardot sold 834 shares of the company’s stock in a transaction dated 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 directly owns 4,243 shares of the company’s stock, valued at $580,781.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.48% of the stock is owned by corporate insiders.
WABCO Holdings Inc, together with its subsidiaries, supplies electronic, mechanical, electro-mechanical, and aerodynamic products worldwide. The company engineers, develops, manufactures, and sells braking, stability, suspension, transmission automation, and air management systems primarily for commercial vehicles.
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