Shell Asset Management Co. Has $416,000 Position in Wabco Holdings Inc. (WBC)
Shell Asset Management Co. reduced its position in shares of Wabco Holdings Inc. (NYSE:WBC) by 14.9% during the second quarter, Holdings Channel reports. The firm owned 3,259 shares of the auto parts company’s stock after selling 570 shares during the period. Shell Asset Management Co.’s holdings in Wabco Holdings were worth $416,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Quantitative Systematic Strategies LLC bought a new position in Wabco Holdings during the second quarter worth approximately $381,000. US Bancorp DE increased its position in Wabco Holdings by 91.9% in the second quarter. US Bancorp DE now owns 20,761 shares of the auto parts company’s stock worth $2,648,000 after buying an additional 9,943 shares during the period. Aperio Group LLC increased its position in Wabco Holdings by 15.7% in the second quarter. Aperio Group LLC now owns 20,731 shares of the auto parts company’s stock worth $2,643,000 after buying an additional 2,808 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in Wabco Holdings by 515.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 8,392 shares of the auto parts company’s stock worth $1,070,000 after buying an additional 7,028 shares during the period. Finally, Atria Investments LLC bought a new position in Wabco Holdings during the second quarter worth approximately $411,000. 96.35% of the stock is owned by institutional investors and hedge funds.
Wabco Holdings Inc. (WBC) opened at 138.71 on Wednesday. The firm has a market cap of $7.44 billion, a P/E ratio of 23.14 and a beta of 1.65. Wabco Holdings Inc. has a 52 week low of $96.10 and a 52 week high of $144.98. The firm’s 50-day moving average price is $133.75 and its 200 day moving average price is $121.56.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.15. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The firm had revenue of $795 million for the quarter, compared to analysts’ expectations of $759.33 million. During the same quarter last year, the firm posted $1.43 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that Wabco Holdings Inc. will post $6.27 earnings per share for the current fiscal year.
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A number of research firms recently commented on WBC. BidaskClub downgraded Wabco Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research raised Wabco Holdings from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a research note on Tuesday, July 25th. Bank of America Corporation set a $150.00 price target on Wabco Holdings and gave the company a “buy” rating in a research note on Friday, July 21st. Deutsche Bank AG boosted their price target on Wabco Holdings from $128.00 to $146.00 and gave the company a “hold” rating in a research note on Friday, July 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $150.00 price target (up previously from $130.00) on shares of Wabco Holdings in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $138.50.
In other Wabco Holdings news, VP Sean Deason sold 789 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $140.50, for a total value of $110,854.50. Following the sale, the vice president now owns 2,277 shares of the company’s stock, valued at approximately $319,918.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lisa Jane Brown sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $140.00, for a total value of $140,000.00. Following the completion of the sale, the insider now directly owns 4,228 shares in the company, valued at approximately $591,920. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,054 shares of company stock worth $1,952,903. Insiders own 0.79% of the company’s stock.
About Wabco Holdings
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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