BlueCrest Capital Management Ltd Invests $1.05 Million in Wabco Holdings Inc. (WBC) Stock

BlueCrest Capital Management Ltd purchased a new position in Wabco Holdings Inc. (NYSE:WBC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,232 shares of the auto parts company’s stock, valued at approximately $1,050,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Stratos Wealth Partners LTD. boosted its holdings in Wabco Holdings by 4.7% in the second quarter. Stratos Wealth Partners LTD. now owns 1,983 shares of the auto parts company’s stock worth $253,000 after acquiring an additional 89 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Wabco Holdings by 0.8% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,200 shares of the auto parts company’s stock worth $1,434,000 after acquiring an additional 100 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Wabco Holdings by 3.3% in the second quarter. Prudential Financial Inc. now owns 3,160 shares of the auto parts company’s stock worth $403,000 after acquiring an additional 100 shares in the last quarter. ZWJ Investment Counsel Inc. boosted its holdings in Wabco Holdings by 0.3% in the second quarter. ZWJ Investment Counsel Inc. now owns 86,848 shares of the auto parts company’s stock worth $11,074,000 after acquiring an additional 277 shares in the last quarter. Finally, Comerica Bank boosted its holdings in Wabco Holdings by 9.0% in the first quarter. Comerica Bank now owns 3,917 shares of the auto parts company’s stock worth $466,000 after acquiring an additional 325 shares in the last quarter. 97.53% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently commented on WBC. Royal Bank Of Canada reaffirmed a “buy” rating and set a $137.00 target price on shares of Wabco Holdings in a report on Thursday, July 20th. Zacks Investment Research downgraded Wabco Holdings from a “buy” rating to a “hold” rating in a report on Friday, September 8th. Robert W. Baird reaffirmed a “buy” rating and set a $149.00 target price on shares of Wabco Holdings in a report on Thursday, August 24th. BidaskClub downgraded Wabco Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 target price on shares of Wabco Holdings in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $146.50.

Wabco Holdings Inc. (WBC) opened at 149.26 on Friday. Wabco Holdings Inc. has a one year low of $96.10 and a one year high of $152.61. The firm has a 50-day moving average price of $145.69 and a 200-day moving average price of $130.35. The firm has a market capitalization of $8.00 billion, a P/E ratio of 24.90 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.15. The firm had revenue of $795.00 million for the quarter, compared to the consensus estimate of $759.33 million. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. Equities analysts anticipate that Wabco Holdings Inc. will post $6.34 earnings per share for the current year.

In other Wabco Holdings news, Director Juergen Gromer sold 7,127 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $138.00, for a total transaction of $983,526.00. Following the completion of the sale, the director now directly owns 969 shares of the company’s stock, valued at approximately $133,722. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Sean Deason sold 789 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $140.50, for a total value of $110,854.50. Following the sale, the vice president now directly owns 2,277 shares of the company’s stock, valued at $319,918.50. The disclosure for this sale can be found here. Insiders have sold a total of 14,054 shares of company stock valued at $1,952,903 over the last ninety days. 0.79% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: This piece of content was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of US & international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/10/14/bluecrest-capital-management-ltd-invests-1-05-million-in-wabco-holdings-inc-wbc-stock.html.

About Wabco Holdings

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.

Institutional Ownership by Quarter for Wabco Holdings (NYSE:WBC)

Receive News & Ratings for Wabco Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabco Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply