Wabco Holdings Inc. (WBC) Holdings Boosted by First Trust Advisors LP
First Trust Advisors LP raised its holdings in Wabco Holdings Inc. (NYSE:WBC) by 238.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,990 shares of the auto parts company’s stock after purchasing an additional 21,845 shares during the period. First Trust Advisors LP owned about 0.06% of Wabco Holdings worth $4,587,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Alliancebernstein L.P. raised its position in shares of Wabco Holdings by 4.6% in the 2nd quarter. Alliancebernstein L.P. now owns 461,337 shares of the auto parts company’s stock valued at $58,825,000 after purchasing an additional 20,348 shares in the last quarter. Cipher Capital LP acquired a new position in shares of Wabco Holdings in the 2nd quarter valued at approximately $535,000. CI Investments Inc. acquired a new position in shares of Wabco Holdings in the 2nd quarter valued at approximately $6,240,000. Shelton Capital Management acquired a new position in shares of Wabco Holdings in the 2nd quarter valued at approximately $8,894,000. Finally, Oakbrook Investments LLC acquired a new position in shares of Wabco Holdings in the 3rd quarter valued at approximately $253,000. 96.79% of the stock is currently owned by institutional investors.
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Wabco Holdings Inc. (WBC) opened at $144.64 on Friday. The company has a market capitalization of $7,701.19, a price-to-earnings ratio of 22.64, a P/E/G ratio of 1.44 and a beta of 1.68. 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 52 week low of $96.10 and a 52 week high of $156.08.
Wabco Holdings (NYSE:WBC) last issued its quarterly earnings data on Thursday, October 19th. The auto parts company reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.18. The firm had revenue of $827.80 million during the quarter, compared to the consensus estimate of $756.57 million. Wabco Holdings had a return on equity of 38.93% and a net margin of 9.75%. The firm’s revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.54 EPS. analysts anticipate that Wabco Holdings Inc. will post 6.64 earnings per share for the current year.
In related news, Chairman Jacques Esculier sold 172,394 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $151.24, for a total transaction of $26,072,868.56. Following the completion of the transaction, the chairman now directly owns 312,079 shares in the company, valued at approximately $47,198,827.96. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.79% of the stock is owned by corporate insiders.
A number of equities analysts have issued reports on the company. Vertical Research lowered Wabco Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. KeyCorp upped their target price on Wabco Holdings from $161.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, October 20th. Zacks Investment Research lowered Wabco Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Robert W. Baird upped their target price on Wabco Holdings from $170.00 to $182.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Finally, Berenberg Bank assumed coverage on Wabco Holdings in a research report on Monday, September 25th. They issued a “buy” rating and a $173.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Wabco Holdings presently has a consensus rating of “Buy” and an average price target of $159.80.
Wabco Holdings 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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