British Columbia Investment Management Corp boosted its stake in Wabco Holdings Inc. (NYSE:WBC) by 37.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,487 shares of the company’s stock after buying an additional 23,948 shares during the period. British Columbia Investment Management Corp’s holdings in Wabco Holdings were worth $10,046,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Asia Hong Kong Ltd raised its position in shares of Wabco Holdings by 1,000.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the company’s stock valued at $101,000 after buying an additional 1,000 shares during the last quarter. Advisor Group Inc. purchased a new position in shares of Wabco Holdings during the second quarter valued at approximately $102,000. Nordea Investment Management AB raised its position in shares of Wabco Holdings by 6.7% in the second quarter. Nordea Investment Management AB now owns 1,539 shares of the company’s stock valued at $141,000 after buying an additional 97 shares during the last quarter. BNP Paribas Arbitrage SA raised 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 during the last quarter. Finally, LS Investment Advisors LLC raised 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 during the last quarter. Institutional investors own 99.13% of the company’s stock.
Shares of Wabco Holdings Inc. (NYSE:WBC) traded down 1.31% during trading on Friday, hitting $100.66. The stock had a trading volume of 243,091 shares. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 22.06 and a beta of 1.89. The stock’s 50 day moving average is $101.99 and its 200 day moving average is $102.68. Wabco Holdings Inc. has a 52 week low of $81.66 and a 52 week high of $115.15.
Wabco Holdings (NYSE:WBC) last issued its quarterly earnings results on Thursday, October 20th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.06. Wabco Holdings had a return on equity of 39.77% and a net margin of 9.34%. The firm had revenue of $675.40 million for the quarter, compared to analyst estimates of $695.73 million. During the same period in the previous year, the company posted $1.39 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts expect that Wabco Holdings Inc. will post $5.77 earnings per share for the current fiscal year.
Several research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their target price 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. Deutsche Bank AG assumed coverage on Wabco Holdings in a research report on Tuesday, September 6th. They issued a “hold” rating and a $113.00 target price for the company. Avondale Partners reiterated a “market outperform” rating on shares of Wabco Holdings in a research report on Monday, October 10th. Barclays PLC raised their price target on Wabco Holdings from $103.00 to $107.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 12th. Finally, Zacks Investment Research raised Wabco Holdings from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a report on Wednesday, September 21st. Eight 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 $114.64.
In related news, insider Nick Rens sold 1,000 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $104.99, for a total transaction of $104,990.00. Following the transaction, the insider now directly owns 9,155 shares in the company, valued at $961,183.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.