State Board of Administration of Florida Retirement System Acquires 364 Shares of Wabco Holdings Inc. (WBC)
State Board of Administration of Florida Retirement System raised its stake in Wabco Holdings Inc. (NYSE:WBC) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,559 shares of the auto parts company’s stock after buying an additional 364 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.14% of Wabco Holdings worth $9,762,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in WBC. Cortina Asset Management LLC acquired a new stake in Wabco Holdings during the first quarter valued at about $200,000. Trexquant Investment LP acquired a new stake in Wabco Holdings during the second quarter valued at about $204,000. Denver Investment Advisors LLC acquired a new stake in Wabco Holdings during the first quarter valued at about $205,000. RGT Capital Management Ltd. acquired a new stake in Wabco Holdings during the first quarter valued at about $206,000. Finally, Bancorpsouth Inc. acquired a new stake in Wabco Holdings during the first quarter valued at about $219,000. 97.54% of the stock is owned by institutional investors.
Wabco Holdings Inc. (WBC) opened at 139.89 on Thursday. The firm’s 50-day moving average is $135.89 and its 200-day moving average is $122.90. Wabco Holdings Inc. has a 1-year low of $96.10 and a 1-year high of $144.98. The company has a market capitalization of $7.50 billion, a P/E ratio of 23.33 and a beta of 1.65.
Wabco Holdings (NYSE:WBC) last issued its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, topping the Zacks’ 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 company had revenue of $795 million for the quarter, compared to analysts’ expectations of $759.33 million. During the same quarter last year, the business earned $1.43 earnings per share. Wabco Holdings’s revenue was up 8.6% on a year-over-year basis. Equities research analysts predict that Wabco Holdings Inc. will post $6.27 EPS for the current year.
A number of research firms recently weighed in on WBC. Zacks Investment Research lowered shares of Wabco Holdings from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $127.00 price target on shares of Wabco Holdings in a report on Friday, July 7th. Stifel Nicolaus set a $150.00 price target on shares of Wabco Holdings and gave the company a “buy” rating in a report on Wednesday, August 23rd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $147.00 price target on shares of Wabco Holdings in a report on Wednesday, July 19th. Finally, BidaskClub raised shares of Wabco Holdings from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Wabco Holdings presently has an average rating of “Buy” and a consensus target price of $139.36.
In related news, Director Juergen Gromer sold 7,127 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $138.00, for a total value of $983,526.00. Following the transaction, the director now owns 969 shares in the company, valued at $133,722. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director G Peter Daloia sold 3,626 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $139.78, for a total value of $506,842.28. Following the completion of the transaction, the director now owns 4,316 shares in the company, valued at approximately $603,290.48. The disclosure for this sale can be found here. Insiders sold 14,054 shares of company stock worth $1,952,903 in the last 90 days. 0.79% of the stock is owned by company 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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