Granite Investment Partners LLC reduced its stake in shares of Wabco Holdings Inc. (NYSE:WBC) by 9.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,186 shares of the auto parts company’s stock after selling 3,556 shares during the period. Granite Investment Partners LLC’s holdings in Wabco Holdings were worth $4,104,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its position in shares of Wabco Holdings by 6.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 171,884 shares of the auto parts company’s stock valued at $21,917,000 after buying an additional 10,072 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Wabco Holdings by 0.4% in the second quarter. Canada Pension Plan Investment Board now owns 90,913 shares of the auto parts company’s stock valued at $11,592,000 after buying an additional 400 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Wabco Holdings during the second quarter valued at approximately $204,000. Perennial Advisors LLC increased its position in shares of Wabco Holdings by 4.7% in the second quarter. Perennial Advisors LLC now owns 9,771 shares of the auto parts company’s stock valued at $1,246,000 after buying an additional 440 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in shares of Wabco Holdings by 4.7% in the second quarter. Stratos Wealth Partners LTD. now owns 1,983 shares of the auto parts company’s stock valued at $253,000 after buying an additional 89 shares during the last quarter.

Shares of Wabco Holdings Inc. (WBC) opened at 136.76 on Friday. The company has a 50 day moving average price of $132.33 and a 200-day moving average price of $120.69. The stock has a market capitalization of $7.33 billion, a P/E 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.

Wabco Holdings (NYSE:WBC) last posted its earnings results on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, beating 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 firm had revenue of $795 million for the quarter, compared to analysts’ expectations of $759.33 million. During the same period last year, the firm earned $1.43 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Wabco Holdings Inc. will post $6.27 earnings per share for the current fiscal year.

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Several equities analysts have recently commented on the company. BidaskClub downgraded Wabco Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded Wabco Holdings from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a research report on Tuesday, July 25th. Bank of America Corporation set a $150.00 price objective on Wabco Holdings and gave the company a “buy” rating in a research report on Friday, July 21st. Deutsche Bank AG boosted their price objective on Wabco Holdings from $128.00 to $146.00 and gave the company a “hold” rating in a research report on Friday, July 21st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $150.00 price objective (up from $130.00) on shares of Wabco Holdings in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. Wabco Holdings presently has a consensus rating of “Buy” and an average target price of $135.00.

In related news, Director Juergen Gromer sold 7,127 shares of Wabco Holdings 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 sale, the director now directly owns 969 shares in the company, valued at approximately $133,722. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mazen Mazraani sold 1,512 shares of Wabco Holdings stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $140.00, for a total value of $211,680.00. Following the completion of the sale, the insider now owns 6,104 shares in the company, valued at $854,560. The disclosure for this sale can be found here. Insiders have sold a total of 14,054 shares of company stock worth $1,952,903 over the last 90 days. 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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