Wabco Holdings Inc. (WBC) Position Reduced by TD Asset Management Inc.
TD Asset Management Inc. cut its stake in shares of Wabco Holdings Inc. (NYSE:WBC) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,125 shares of the auto parts company’s stock after selling 40 shares during the period. TD Asset Management Inc.’s holdings in Wabco Holdings were worth $8,814,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the stock. Macquarie Group Ltd. boosted its stake in Wabco Holdings by 93.8% in the fourth quarter. Macquarie Group Ltd. now owns 3,100 shares of the auto parts company’s stock valued at $329,000 after buying an additional 1,500 shares during the period. Creative Planning boosted its stake in Wabco Holdings by 6.8% in the first quarter. Creative Planning now owns 4,880 shares of the auto parts company’s stock valued at $573,000 after buying an additional 311 shares during the period. Gulf International Bank UK Ltd boosted its stake in Wabco Holdings by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 16,690 shares of the auto parts company’s stock valued at $1,959,000 after buying an additional 100 shares during the period. Columbus Circle Investors acquired a new stake in Wabco Holdings during the first quarter valued at approximately $17,633,000. Finally, Hermes Investment Management Ltd. acquired a new stake in Wabco Holdings during the first quarter valued at approximately $28,115,000. Institutional investors own 96.35% of the company’s stock.
Shares of Wabco Holdings Inc. (NYSE:WBC) opened at 138.71 on Wednesday. Wabco Holdings Inc. has a one year low of $96.10 and a one year high of $144.98. The stock has a market cap of $7.44 billion, a PE ratio of 23.14 and a beta of 1.65. The stock’s 50 day moving average price is $133.75 and its 200-day moving average price is $121.56.
Wabco Holdings (NYSE:WBC) last issued its earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share for the quarter, topping 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 company had revenue of $795 million for the quarter, compared to analyst estimates of $759.33 million. During the same period in the prior year, the firm posted $1.43 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts predict that Wabco Holdings Inc. will post $6.27 earnings per share for the current fiscal year.
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WBC has been the subject of several recent analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $130.00 price target on shares of Wabco Holdings in a report on Monday, April 24th. Deutsche Bank AG lifted their price target on Wabco Holdings from $126.00 to $130.00 and gave the company a “hold” rating in a report on Monday, April 24th. Royal Bank Of Canada restated a “buy” rating and issued a $127.00 price target on shares of Wabco Holdings in a report on Friday, June 2nd. BidaskClub cut Wabco Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 15th. Finally, BMO Capital Markets restated a “hold” rating and issued a $115.00 price target on shares of Wabco Holdings in a report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. Wabco Holdings presently has a consensus rating of “Buy” and a consensus price target of $138.50.
In other Wabco Holdings news, Director Juergen Gromer sold 7,127 shares of the company’s stock in a transaction dated 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 directly owns 969 shares of the company’s stock, valued at approximately $133,722. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director G Peter Daloia sold 3,626 shares of the stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $139.78, for a total value of $506,842.28. Following the transaction, the director now directly owns 4,316 shares in the company, valued at approximately $603,290.48. The disclosure for this sale can be found here. Over 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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