Morgan Stanley raised its position in shares of Wabco Holdings Inc. (NYSE:WBC) by 33.5% during the first quarter, Holdings Channel reports. The firm owned 33,645 shares of the auto parts company’s stock after buying an additional 8,446 shares during the period. Morgan Stanley’s holdings in Wabco Holdings were worth $3,950,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WBC. Concert Wealth Management Inc. raised its stake in shares of Wabco Holdings by 0.8% in the first quarter. Concert Wealth Management Inc. now owns 2,486 shares of the auto parts company’s stock worth $266,000 after buying an additional 19 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of Wabco Holdings by 0.3% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 13,525 shares of the auto parts company’s stock worth $1,588,000 after buying an additional 45 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Wabco Holdings by 1.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,816 shares of the auto parts company’s stock worth $448,000 after buying an additional 51 shares during the period. Gulf International Bank UK Ltd raised its stake in shares of Wabco Holdings by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 16,690 shares of the auto parts company’s stock worth $1,959,000 after buying an additional 100 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Wabco Holdings by 0.8% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,200 shares of the auto parts company’s stock worth $1,434,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.

Wabco Holdings Inc. (WBC) traded down 0.061% during midday trading on Tuesday, reaching $139.575. 16,895 shares of the company’s stock traded hands. Wabco Holdings Inc. has a one year low of $96.10 and a one year high of $144.98. The stock’s 50 day moving average price is $133.33 and its 200-day moving average price is $121.34. The stock has a market cap of $7.49 billion, a PE ratio of 23.282 and a beta of 1.65.

Wabco Holdings (NYSE:WBC) last released its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.15. The business had revenue of $795 million during the quarter, compared to the consensus estimate of $759.33 million. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 EPS. Equities analysts predict that Wabco Holdings Inc. will post $6.27 earnings per share for the current year.

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A number of brokerages have commented on WBC. Royal Bank Of Canada restated a “buy” rating and set a $137.00 price target on shares of Wabco Holdings in a research note on Thursday, July 20th. BidaskClub lowered shares of Wabco Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Piper Jaffray Companies reiterated a “buy” rating and issued a $147.00 target price on shares of Wabco Holdings in a research note on Wednesday, July 19th. BMO Capital Markets reiterated a “hold” rating and issued a $115.00 target price on shares of Wabco Holdings in a research note on Friday, July 7th. Finally, Bank of America Corporation set a $150.00 target price on shares of Wabco Holdings and gave the stock a “buy” rating in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. Wabco Holdings presently has an average rating of “Buy” and an average price target of $135.00.

In other news, insider Mazen Mazraani sold 1,512 shares of Wabco Holdings stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $140.00, for a total transaction of $211,680.00. Following the transaction, the insider now directly owns 6,104 shares of the company’s stock, valued at approximately $854,560. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Sean Deason sold 789 shares of Wabco Holdings stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $140.50, for a total value of $110,854.50. Following the transaction, the vice president now directly owns 2,277 shares in the company, valued at $319,918.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,054 shares of company stock valued at $1,952,903. Corporate insiders own 0.79% of the company’s stock.

Wabco Holdings 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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Institutional Ownership by Quarter for Wabco Holdings (NYSE:WBC)

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