PICTET BANK & TRUST Ltd reduced its stake in shares of Wabco Holdings Inc. (NYSE:WBC) by 17.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,510 shares of the auto parts company’s stock after selling 3,030 shares during the period. PICTET BANK & TRUST Ltd’s holdings in Wabco Holdings were worth $1,850,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Concert Wealth Management Inc. boosted its stake in 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 valued at $266,000 after buying an additional 19 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in 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 valued at $448,000 after buying an additional 51 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Wabco Holdings by 4.7% in the second quarter. Stratos Wealth Partners LTD. now owns 1,983 shares of the auto parts company’s stock valued at $253,000 after buying an additional 89 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in 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 valued at $1,434,000 after buying an additional 100 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in Wabco Holdings by 3.3% in the second quarter. Prudential Financial Inc. now owns 3,160 shares of the auto parts company’s stock valued at $403,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 97.54% of the company’s stock.

Shares of Wabco Holdings Inc. (WBC) traded up 0.18% during trading on Friday, reaching $143.88. 286,967 shares of the company’s stock were exchanged. The stock has a market cap of $7.72 billion, a PE ratio of 24.00 and a beta of 1.63. Wabco Holdings Inc. has a 52-week low of $96.10 and a 52-week high of $144.98. The stock’s 50 day moving average price is $137.64 and its 200-day moving average price is $123.82.

Wabco Holdings (NYSE:WBC) last announced its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.15. Wabco Holdings had a net margin of 11.23% and a return on equity of 40.21%. The firm had revenue of $795 million during the quarter, compared to analysts’ expectations of $759.33 million. During the same period in the prior year, the company posted $1.43 EPS. The company’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Wabco Holdings Inc. will post $6.27 EPS for the current year.

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Several research firms recently weighed in on WBC. Royal Bank Of Canada reiterated a “buy” rating and issued a $137.00 target price on shares of Wabco Holdings in a research note on Thursday, July 20th. BidaskClub cut shares of Wabco Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research cut shares of Wabco Holdings from a “buy” rating to a “hold” rating in a research note on Saturday. 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. Finally, BMO Capital Markets reissued a “hold” rating and issued a $115.00 price target on shares of Wabco Holdings in a research report on Friday, July 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $139.36.

In other news, Director Juergen Gromer sold 7,127 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $138.00, for a total transaction of $983,526.00. Following the completion of the sale, the director now directly owns 969 shares in the company, valued at $133,722. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Sean Deason sold 789 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $140.50, for a total transaction of $110,854.50. Following the sale, the vice president now owns 2,277 shares of the company’s stock, valued at $319,918.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,054 shares of company stock valued at $1,952,903. 0.79% of the stock is currently owned by corporate insiders.

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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