Rhumbline Advisers Sells 5,285 Shares of Wabco Holdings Inc. (WBC)
Rhumbline Advisers cut its position in shares of Wabco Holdings Inc. (NYSE:WBC) by 8.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,578 shares of the auto parts company’s stock after selling 5,285 shares during the period. Rhumbline Advisers owned 0.11% of Wabco Holdings worth $7,342,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of WBC. Cortina Asset Management LLC bought a new position in Wabco Holdings during the first quarter worth $200,000. Trexquant Investment LP bought a new position in Wabco Holdings during the second quarter worth $204,000. Denver Investment Advisors LLC bought a new position in Wabco Holdings during the first quarter worth $205,000. RGT Capital Management Ltd. bought a new position in Wabco Holdings during the first quarter worth $206,000. Finally, Bancorpsouth Inc. bought a new position in Wabco Holdings during the first quarter worth $219,000. Institutional investors own 96.35% of the company’s stock.
Shares of Wabco Holdings Inc. (NYSE WBC) opened at 139.56 on Friday. The firm has a 50-day moving average price of $135.89 and a 200-day moving average price of $122.90. The stock has a market capitalization of $7.48 billion, a P/E ratio of 23.28 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 quarterly earnings data on Thursday, July 20th. The auto parts company reported $1.69 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 during the quarter, compared to the consensus estimate of $759.33 million. During the same period in the previous year, the firm posted $1.43 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts predict that Wabco Holdings Inc. will post $6.27 EPS for the current year.
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A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Wabco Holdings from a “buy” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $127.00 price target on shares of Wabco Holdings in a research report on Friday, July 7th. Stifel Nicolaus set a $150.00 price target on Wabco Holdings and gave the company a “buy” rating in a research report on Wednesday. Piper Jaffray Companies reaffirmed a “buy” rating and set a $147.00 price target on shares of Wabco Holdings in a research report on Wednesday, July 19th. Finally, BidaskClub raised Wabco Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Wabco Holdings currently has an average rating of “Buy” and an average target price of $139.45.
In other news, insider Lisa Jane Brown sold 1,000 shares of Wabco Holdings stock in a transaction on 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 directly owns 4,228 shares in the company, valued at $591,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Juergen Gromer sold 7,127 shares of Wabco Holdings stock in a transaction on Monday, July 31st. The stock was sold at an average price of $138.00, for a total transaction of $983,526.00. Following the sale, the director now owns 969 shares of the company’s stock, valued at $133,722. The disclosure for this sale can be found here. Insiders have sold 14,054 shares of company stock valued at $1,952,903 over the last quarter. Insiders own 0.79% of the company’s stock.
Wabco Holdings Company Profile
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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