WABCO Holdings Inc. (WBC) Shares Bought by BB&T Securities LLC
BB&T Securities LLC boosted its holdings in shares of WABCO Holdings Inc. (NYSE:WBC) by 12.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,810 shares of the auto parts company’s stock after buying an additional 622 shares during the period. BB&T Securities LLC’s holdings in WABCO were worth $859,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in WABCO by 2.4% during the second quarter. Vanguard Group Inc. now owns 4,202,800 shares of the auto parts company’s stock worth $535,900,000 after purchasing an additional 98,206 shares during the last quarter. FMR LLC lifted its stake in WABCO by 271.4% during the second quarter. FMR LLC now owns 2,292,816 shares of the auto parts company’s stock worth $292,356,000 after purchasing an additional 1,675,407 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in WABCO by 2.1% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,624,268 shares of the auto parts company’s stock worth $240,392,000 after purchasing an additional 34,006 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in WABCO by 5.2% during the third quarter. JPMorgan Chase & Co. now owns 1,567,339 shares of the auto parts company’s stock worth $231,432,000 after purchasing an additional 78,113 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in WABCO by 45.4% during the second quarter. Goldman Sachs Group Inc. now owns 1,301,029 shares of the auto parts company’s stock worth $165,894,000 after purchasing an additional 405,959 shares during the last quarter. 95.31% of the stock is owned by institutional investors.
Several brokerages have issued reports on WBC. Zacks Investment Research raised WABCO from a “hold” rating to a “buy” rating and set a $161.00 price target for the company in a research note on Tuesday, September 5th. KeyCorp reaffirmed a “buy” rating and set a $161.00 price target (up previously from $156.00) on shares of WABCO in a research note on Tuesday, September 19th. Buckingham Research lifted their price target on WABCO from $148.00 to $154.00 and gave the stock a “neutral” rating in a research note on Friday, October 20th. Stifel Nicolaus set a $150.00 price target on WABCO and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Finally, Bank of America lifted their price target on WABCO from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. WABCO has a consensus rating of “Buy” and a consensus target price of $159.80.
WABCO Holdings Inc. (WBC) traded up $1.33 on Friday, hitting $144.02. The stock had a trading volume of 337,862 shares, compared to its average volume of 364,147. The stock has a market capitalization of $7,655.06, a P/E ratio of 22.51, a P/E/G ratio of 1.43 and a beta of 1.67. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.60 and a current ratio of 3.00. WABCO Holdings Inc. has a 1 year low of $102.39 and a 1 year high of $156.08.
WABCO (NYSE:WBC) last released its quarterly earnings data on Thursday, October 19th. The auto parts company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.18. The firm had revenue of $827.80 million for the quarter, compared to the consensus estimate of $756.57 million. WABCO had a return on equity of 38.93% and a net margin of 9.75%. The company’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 earnings per share. analysts expect that WABCO Holdings Inc. will post 6.65 earnings per share for the current year.
In other news, Chairman Jacques Esculier sold 172,394 shares of WABCO stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $151.24, for a total value of $26,072,868.56. Following the transaction, the chairman now owns 312,079 shares in the company, valued at $47,198,827.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.79% of the stock is currently owned by insiders.
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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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