Intrust Bank NA purchased a new stake in Wabco Holdings Inc. (NYSE:WBC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,693 shares of the auto parts company’s stock, valued at approximately $251,000.
Several other hedge funds and other institutional investors have also bought and sold shares of WBC. IHT Wealth Management LLC lifted its holdings in shares of Wabco Holdings by 190.0% in the 2nd quarter. IHT Wealth Management LLC now owns 290 shares of the auto parts company’s stock worth $256,000 after acquiring an additional 190 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in shares of Wabco Holdings in the 2nd quarter worth about $179,000. Trexquant Investment LP purchased a new stake in shares of Wabco Holdings in the 2nd quarter worth about $204,000. Parametrica Management Ltd purchased a new stake in shares of Wabco Holdings in the 3rd quarter worth about $252,000. Finally, Oakbrook Investments LLC purchased a new stake in shares of Wabco Holdings in the 3rd quarter worth about $253,000. 96.79% of the stock is currently owned by institutional investors.
A number of analysts have recently weighed in on WBC shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $167.00 target price on shares of Wabco Holdings in a research report on Sunday, October 22nd. Zacks Investment Research upgraded shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $156.00 price objective on the stock in a research note on Wednesday, August 30th. Deutsche Bank AG raised their target price on shares of Wabco Holdings from $128.00 to $146.00 and gave the stock a “hold” rating in a research note on Friday, July 21st. Bank of America Corporation reaffirmed a “buy” rating and set a $150.00 price objective on shares of Wabco Holdings in a report on Saturday, August 19th. Finally, BidaskClub raised shares of Wabco Holdings from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $159.80.
Shares of Wabco Holdings Inc. (NYSE:WBC) traded down $1.21 during trading on Wednesday, reaching $143.55. The company had a trading volume of 320,400 shares, compared to its average volume of 414,823. Wabco Holdings Inc. has a 12 month low of $96.10 and a 12 month high of $156.08. The stock has a market cap of $7,766.11, a PE ratio of 22.83, a price-to-earnings-growth 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 (NYSE:WBC) last released its quarterly earnings results on Thursday, October 19th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.18. The firm had revenue of $827.80 million for 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 quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.54 EPS. equities research analysts anticipate that Wabco Holdings Inc. will post 6.64 EPS for the current year.
In other news, Chairman Jacques Esculier sold 172,394 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $151.24, for a total value of $26,072,868.56. Following the completion of the transaction, the chairman now directly owns 312,079 shares of the company’s stock, valued at $47,198,827.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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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