EAM Investors LLC Purchases Shares of 20,232 Wabco Holdings Inc. (WBC)
EAM Investors LLC purchased a new stake in Wabco Holdings Inc. (NYSE:WBC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 20,232 shares of the auto parts company’s stock, valued at approximately $2,994,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Wabco Holdings by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 4,202,800 shares of the auto parts company’s stock valued at $535,900,000 after buying an additional 98,206 shares during the period. FMR LLC grew its holdings in Wabco Holdings by 271.4% in the 2nd quarter. FMR LLC now owns 2,292,816 shares of the auto parts company’s stock valued at $292,356,000 after buying an additional 1,675,407 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Wabco Holdings by 2.1% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,624,268 shares of the auto parts company’s stock valued at $240,392,000 after buying an additional 34,006 shares during the period. JPMorgan Chase & Co. grew its holdings in Wabco Holdings by 4.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,489,226 shares of the auto parts company’s stock valued at $189,891,000 after buying an additional 56,673 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Wabco Holdings by 45.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,301,029 shares of the auto parts company’s stock valued at $165,894,000 after buying an additional 405,959 shares during the period. Institutional investors own 97.49% of the company’s stock.
Wabco Holdings Inc. (NYSE:WBC) traded up $0.29 during trading on Tuesday, reaching $144.93. The company had a trading volume of 391,500 shares, compared to its average volume of 415,056. The firm has a market cap of $7,810.00, a price-to-earnings ratio of 22.81, a PEG ratio of 1.45 and a beta of 1.68. The company has a quick ratio of 2.60, a current ratio of 3.00 and a debt-to-equity ratio of 0.99. Wabco Holdings Inc. has a 12-month low of $96.10 and a 12-month high of $156.08.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings results on Thursday, October 19th. The auto parts company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.53 by $0.18. The firm had revenue of $827.80 million for the quarter, compared to analyst estimates of $756.57 million. Wabco Holdings had a return on equity of 38.93% and a net margin of 9.75%. Wabco Holdings’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.54 EPS. sell-side analysts anticipate that Wabco Holdings Inc. will post 6.64 earnings per share for the current year.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Wabco Holdings from a “hold” rating to a “buy” rating and set a $166.00 target price for the company in a report on Friday, September 29th. Berenberg Bank assumed coverage on Wabco Holdings in a report on Monday, September 25th. They set a “buy” rating and a $173.00 target price for the company. Bank of America Corporation reiterated a “buy” rating and set a $150.00 target price on shares of Wabco Holdings in a report on Saturday, August 19th. KeyCorp reiterated a “buy” rating and set a $156.00 target price on shares of Wabco Holdings in a report on Thursday, September 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Wabco Holdings in a report on Monday, September 25th. Four investment 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 company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $159.80.
In related news, Chairman Jacques Esculier sold 172,394 shares of the business’s stock in a transaction that occurred 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 transaction, the chairman now directly owns 312,079 shares of the company’s stock, valued at approximately $47,198,827.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.79% of the company’s stock.
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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