Westpac Banking Corp increased its position in shares of Wabco Holdings Inc. (NYSE:WBC) by 20.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,836 shares of the company’s stock after buying an additional 644 shares during the period. Westpac Banking Corp’s holdings in Wabco Holdings were worth $351,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of WBC. Nordea Investment Management AB increased its stake in Wabco Holdings by 6.7% in the second quarter. Nordea Investment Management AB now owns 1,539 shares of the company’s stock worth $141,000 after buying an additional 97 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Wabco Holdings by 92.3% in the second quarter. BNP Paribas Arbitrage SA now owns 1,602 shares of the company’s stock valued at $147,000 after buying an additional 769 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Wabco Holdings by 8.5% in the second quarter. LS Investment Advisors LLC now owns 2,015 shares of the company’s stock valued at $185,000 after buying an additional 158 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Wabco Holdings during the first quarter valued at about $204,000. Finally, BlueMountain Capital Management LLC increased its position in shares of Wabco Holdings by 56.9% in the first quarter. BlueMountain Capital Management LLC now owns 2,118 shares of the company’s stock valued at $226,000 after buying an additional 768 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.
Wabco Holdings Inc. (NYSE:WBC) opened at 111.70 on Friday. The company’s 50 day moving average is $108.16 and its 200 day moving average is $104.30. Wabco Holdings Inc. has a 12-month low of $81.66 and a 12-month high of $115.80. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 32.13 and a beta of 2.04.
Wabco Holdings (NYSE:WBC) last released its earnings results on Wednesday, July 20th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.40 by $0.03. Wabco Holdings had a net margin of 7.28% and a return on equity of 39.45%. The business earned $732.20 million during the quarter, compared to analyst estimates of $706.60 million. During the same period in the prior year, the business earned $1.40 earnings per share. The business’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities analysts anticipate that Wabco Holdings Inc. will post $5.73 earnings per share for the current year.
Several brokerages recently issued reports on WBC. JPMorgan Chase & Co. cut their price objective on Wabco Holdings from $109.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, August 15th. Zacks Investment Research downgraded Wabco Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Robert W. Baird restated a “buy” rating on shares of Wabco Holdings in a research report on Tuesday, June 28th. Piper Jaffray Cos. downgraded Wabco Holdings from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $124.00 to $94.00 in a research report on Tuesday, June 28th. Finally, Goldman Sachs Group Inc. lifted their price objective on Wabco Holdings from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Thursday, July 21st. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $117.08.
In related news, insider Nick Rens sold 600 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $101.19, for a total value of $60,714.00. Following the completion of the sale, the insider now owns 9,665 shares in the company, valued at approximately $978,001.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate 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. The Company engineers, develops, manufactures and sells systems controlling braking, stability, suspension, transmission automation, as well transmission automation and air management systems for commercial vehicles.
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