Sumitomo Mitsui Asset Management Company LTD held its stake in Wabco Holdings Inc. (NYSE:WBC) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,816 shares of the auto parts company’s stock at the end of the second quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Wabco Holdings were worth $486,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in WBC. Vanguard Group Inc. increased its stake in Wabco Holdings by 2.5% in the first quarter. Vanguard Group Inc. now owns 4,104,594 shares of the auto parts company’s stock worth $481,960,000 after buying an additional 99,639 shares during the last quarter. Boston Partners increased its stake in Wabco Holdings by 30.4% in the first quarter. Boston Partners now owns 3,058,351 shares of the auto parts company’s stock worth $359,111,000 after buying an additional 713,086 shares during the last quarter. BlackRock Inc. increased its stake in Wabco Holdings by 4,696.5% in the first quarter. BlackRock Inc. now owns 2,830,351 shares of the auto parts company’s stock worth $332,341,000 after buying an additional 2,771,342 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Wabco Holdings by 6.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,545,684 shares of the auto parts company’s stock worth $181,494,000 after buying an additional 94,657 shares during the last quarter. Finally, State Street Corp increased its stake in Wabco Holdings by 2.6% in the first quarter. State Street Corp now owns 963,551 shares of the auto parts company’s stock worth $113,135,000 after buying an additional 24,800 shares during the last quarter.

Wabco Holdings Inc. (NYSE:WBC) opened at 136.76 on Friday. The company has a market capitalization of $7.33 billion, a PE ratio of 22.81 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 company has a 50-day moving average of $132.33 and a 200-day moving average of $120.69.

Wabco Holdings (NYSE:WBC) last posted its earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, topping 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 business had revenue of $795 million for 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 business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that Wabco Holdings Inc. will post $6.27 EPS for the current year.

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A number of equities research analysts have recently weighed in on WBC shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $137.00 price target on shares of Wabco Holdings in a research report on Thursday, July 20th. BidaskClub downgraded shares of Wabco Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. BMO Capital Markets reiterated a “hold” rating and issued a $115.00 price target on shares of Wabco Holdings in a research report on Friday, July 7th. Deutsche Bank AG lifted their price target on shares of Wabco Holdings from $128.00 to $146.00 and gave the company a “hold” rating in a research report on Friday, July 21st. Finally, Zacks Investment Research downgraded shares of Wabco Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $135.00.

In other Wabco Holdings news, Director Juergen Gromer sold 7,127 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $138.00, for a total value of $983,526.00. Following the sale, the director now directly owns 969 shares in the company, valued at approximately $133,722. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director G Peter Daloia sold 3,626 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $139.78, for a total transaction of $506,842.28. Following the completion of the sale, the director now owns 4,316 shares in the company, valued at $603,290.48. The disclosure for this sale can be found here. Insiders sold a total of 14,054 shares of company stock worth $1,952,903 over the last quarter. Corporate 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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Institutional Ownership by Quarter for Wabco Holdings (NYSE:WBC)

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