Wabco Holdings Inc. (WBC) Stake Boosted by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. lifted its holdings in Wabco Holdings Inc. (NYSE:WBC) by 7.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,585 shares of the auto parts company’s stock after acquiring an additional 11,628 shares during the period. UBS Asset Management Americas Inc. owned 0.30% of Wabco Holdings worth $20,731,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in Wabco Holdings by 3.2% during the 1st quarter. Bank of New York Mellon Corp now owns 267,063 shares of the auto parts company’s stock valued at $31,358,000 after purchasing an additional 8,364 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Wabco Holdings by 240.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,622 shares of the auto parts company’s stock worth $543,000 after purchasing an additional 3,266 shares in the last quarter. Comerica Bank lifted its holdings in Wabco Holdings by 9.0% in the 1st quarter. Comerica Bank now owns 3,917 shares of the auto parts company’s stock worth $466,000 after purchasing an additional 325 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Wabco Holdings by 36.5% in the 1st quarter. Ameriprise Financial Inc. now owns 25,954 shares of the auto parts company’s stock worth $3,048,000 after purchasing an additional 6,934 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in Wabco Holdings by 16.9% in the 1st quarter. Stifel Financial Corp now owns 28,282 shares of the auto parts company’s stock worth $3,318,000 after purchasing an additional 4,097 shares in the last quarter. Hedge funds and other institutional investors own 97.53% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Wabco Holdings from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Berenberg Bank started coverage on shares of Wabco Holdings in a research report on Monday, September 25th. They set a “buy” rating and a $173.00 price objective on the stock. Buckingham Research started coverage on shares of Wabco Holdings in a report on Tuesday, September 5th. They issued a “neutral” rating and a $142.00 target price on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $127.00 target price on shares of Wabco Holdings in a report on Friday, July 7th. Finally, Stifel Nicolaus set a $150.00 target price on shares of Wabco Holdings and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $145.69.
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In other news, VP Sean Deason sold 789 shares of the stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $140.50, for a total value of $110,854.50. Following the completion of the sale, the vice president now directly owns 2,277 shares in the company, valued at $319,918.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lisa Jane Brown sold 1,000 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $140.00, for a total transaction of $140,000.00. Following the completion of the sale, the insider now owns 4,228 shares of the company’s stock, valued at $591,920. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,054 shares of company stock worth $1,952,903. 0.79% of the stock is currently owned by corporate insiders.
Shares of Wabco Holdings Inc. (NYSE:WBC) opened at 148.00 on Monday. The stock has a 50 day moving average of $139.95 and a 200-day moving average of $126.19. The company has a market capitalization of $7.94 billion, a P/E ratio of 24.69 and a beta of 1.65. Wabco Holdings Inc. has a 12-month low of $96.10 and a 12-month high of $150.71.
Wabco Holdings (NYSE:WBC) last posted its quarterly earnings data on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.15. The firm had revenue of $795.00 million during the quarter, compared to the consensus estimate of $759.33 million. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 EPS. Equities research analysts forecast that Wabco Holdings Inc. will post $6.28 EPS for the current year.
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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