Nordea Investment Management AB maintained its stake in Wabco Holdings Inc. (NYSE:WBC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,539 shares of the auto parts company’s stock at the end of the 2nd quarter. Nordea Investment Management AB’s holdings in Wabco Holdings were worth $196,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Pacad Investment Ltd. bought a new stake in Wabco Holdings during the 2nd quarter worth about $179,000. Trexquant Investment LP bought a new stake in Wabco Holdings during the 2nd quarter worth about $204,000. Sawtooth Solutions LLC bought a new stake in Wabco Holdings during the 2nd quarter worth about $238,000. BB&T Securities LLC bought a new stake in Wabco Holdings during the 1st quarter worth about $242,000. Finally, Laurion Capital Management LP bought a new stake in Wabco Holdings during the 2nd quarter worth about $242,000. 97.53% of the stock is currently owned by hedge funds and other institutional investors.
Wabco Holdings Inc. (NYSE:WBC) opened at 148.60 on Friday. Wabco Holdings Inc. has a 52-week low of $96.10 and a 52-week high of $152.61. The firm’s 50-day moving average is $145.39 and its 200-day moving average is $130.11. The firm has a market capitalization of $7.97 billion, a P/E ratio of 24.79 and a beta of 1.65.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.15. The company had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $759.33 million. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.43 earnings per share. On average, equities analysts expect that Wabco Holdings Inc. will post $6.34 earnings per share for the current year.
A number of equities research analysts have commented on WBC shares. BidaskClub lowered shares of Wabco Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 15th. BMO Capital Markets reissued a “hold” rating and set a $115.00 price objective on shares of Wabco Holdings in a report on Friday, July 7th. Royal Bank Of Canada reissued a “buy” rating and set a $127.00 price objective on shares of Wabco Holdings in a report on Friday, July 7th. Zacks Investment Research lowered shares of Wabco Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $147.00 price objective on shares of Wabco Holdings in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Wabco Holdings presently has a consensus rating of “Buy” and an average target price of $146.50.
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In other news, VP Sean Deason sold 789 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $140.50, for a total transaction of $110,854.50. Following the sale, the vice president now directly owns 2,277 shares in the company, valued at $319,918.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lisa Jane Brown sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $140.00, for a total value of $140,000.00. Following the sale, the insider now owns 4,228 shares in the company, valued at $591,920. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,054 shares of company stock worth $1,952,903. Company 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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