Wabco Holdings Inc. (WBC) Shares Sold by K.J. Harrison & Partners Inc
K.J. Harrison & Partners Inc reduced its position in shares of Wabco Holdings Inc. (NYSE:WBC) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 15,000 shares of the company’s stock after selling 50 shares during the period. K.J. Harrison & Partners Inc’s holdings in Wabco Holdings were worth $1,374,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in WBC. Nordea Investment Management AB raised its position in shares of Wabco Holdings by 6.7% in the second quarter. Nordea Investment Management AB now owns 1,539 shares of the company’s stock worth $141,000 after buying an additional 97 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Wabco Holdings by 92.3% in the second quarter. BNP Paribas Arbitrage SA now owns 1,602 shares of the company’s stock worth $147,000 after buying an additional 769 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Wabco Holdings by 8.5% in the second quarter. LS Investment Advisors LLC now owns 2,015 shares of the company’s stock worth $185,000 after buying an additional 158 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Wabco Holdings during the first quarter worth about $204,000. Finally, BlueMountain Capital Management LLC raised its position in shares of Wabco Holdings by 56.9% in the first quarter. BlueMountain Capital Management LLC now owns 2,118 shares of the company’s stock worth $226,000 after buying an additional 768 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.
Shares of Wabco Holdings Inc. (NYSE:WBC) traded up 2.66% during trading on Wednesday, reaching $108.87. 498,138 shares of the company traded hands. The stock has a market cap of $6.07 billion, a P/E ratio of 31.32 and a beta of 2.10. The stock’s 50 day moving average price is $104.44 and its 200-day moving average price is $103.37. Wabco Holdings Inc. has a 12 month low of $81.66 and a 12 month high of $115.80.
Wabco Holdings (NYSE:WBC) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $1.43 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.03. The firm earned $732.20 million during the quarter, compared to analyst estimates of $706.60 million. Wabco Holdings had a return on equity of 39.45% and a net margin of 7.28%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the company earned $1.40 earnings per share. On average, equities research analysts expect that Wabco Holdings Inc. will post $5.72 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the stock. TheStreet upgraded shares of Wabco Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 20th. Zacks Investment Research upgraded shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a research report on Wednesday. Robert W. Baird restated a “buy” rating on shares of Wabco Holdings in a research report on Tuesday, June 28th. Deutsche Bank AG assumed coverage on shares of Wabco Holdings in a research report on Tuesday, September 6th. They set a “hold” rating and a $113.00 price objective for the company. Finally, Goldman Sachs Group Inc. raised their price objective on shares of Wabco Holdings from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Thursday, July 21st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Wabco Holdings currently has a consensus rating of “Buy” and a consensus target price of $116.42.
In related news, insider Nick Rens sold 600 shares of Wabco Holdings stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $101.19, for a total value of $60,714.00. Following the completion of the sale, the insider now directly owns 9,665 shares in the company, valued at $978,001.35. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.79% of the stock is owned by corporate insiders.
About Wabco Holdings
WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers. The Company engineers, develops, manufactures and sells systems controlling braking, stability, suspension, transmission automation, as well transmission automation and air management systems for commercial vehicles.
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