New York State Common Retirement Fund Buys 10,650 Shares of WABCO Holdings Inc. (WBC)
New York State Common Retirement Fund lifted its stake in WABCO Holdings Inc. (NYSE:WBC) by 9.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 123,350 shares of the auto parts company’s stock after purchasing an additional 10,650 shares during the period. New York State Common Retirement Fund owned 0.23% of WABCO worth $18,256,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Trexquant Investment LP bought a new position in WABCO during the second quarter worth about $204,000. Canada Pension Plan Investment Board lifted its holdings in WABCO by 0.4% during the second quarter. Canada Pension Plan Investment Board now owns 90,913 shares of the auto parts company’s stock worth $11,592,000 after acquiring an additional 400 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in WABCO by 6.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 171,884 shares of the auto parts company’s stock worth $21,917,000 after acquiring an additional 10,072 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in WABCO by 9.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 10,780 shares of the auto parts company’s stock worth $1,437,000 after acquiring an additional 899 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in WABCO by 5.2% during the second quarter. Bank of New York Mellon Corp now owns 280,960 shares of the auto parts company’s stock worth $35,824,000 after acquiring an additional 13,897 shares in the last quarter. Institutional investors and hedge funds own 95.32% of the company’s stock.
WABCO Holdings Inc. (WBC) traded down $2.76 on Friday, hitting $140.90. The company’s stock had a trading volume of 225,800 shares, compared to its average volume of 410,052. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.00 and a quick ratio of 2.60. The firm has a market cap of $7,707.10, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 1.44 and a beta of 1.67. WABCO Holdings Inc. has a 1 year low of $102.39 and a 1 year high of $156.08.
WABCO (NYSE:WBC) last released its earnings results on Thursday, October 19th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.18. The business had revenue of $827.80 million for the quarter, compared to the consensus estimate of $756.57 million. WABCO had a return on equity of 38.93% and a net margin of 9.75%. WABCO’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 earnings per share. research analysts expect that WABCO Holdings Inc. will post 6.65 EPS for the current year.
Several research analysts have weighed in on WBC shares. Zacks Investment Research lowered WABCO from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. KeyCorp lifted their target price on WABCO from $161.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. Citigroup lifted their target price on WABCO from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Robert W. Baird reiterated a “buy” rating and set a $149.00 target price on shares of WABCO in a report on Thursday, August 24th. Finally, Buckingham Research started coverage on WABCO in a report on Tuesday, September 5th. They set a “neutral” rating and a $142.00 target price on the stock. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. WABCO currently has a consensus rating of “Buy” and a consensus price target of $159.80.
In related news, Chairman Jacques Esculier sold 172,394 shares of WABCO stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $151.24, for a total value of $26,072,868.56. Following the sale, the chairman now owns 312,079 shares of the company’s stock, valued at $47,198,827.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.79% of the stock is currently owned by insiders.
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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