Montag A & Associates Inc. purchased a new position in WABCO Holdings Inc. (NYSE:WBC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,305 shares of the auto parts company’s stock, valued at approximately $2,196,000.
Several other institutional investors have also made changes to their positions in WBC. Harding Loevner LP increased its holdings in shares of WABCO by 163.8% in the third quarter. Harding Loevner LP now owns 2,566,784 shares of the auto parts company’s stock worth $140,660,000 after acquiring an additional 1,593,796 shares in the last quarter. Pictet Asset Management Ltd. increased its holdings in shares of WABCO by 137.5% in the third quarter. Pictet Asset Management Ltd. now owns 613,700 shares of the auto parts company’s stock worth $90,828,000 after acquiring an additional 355,300 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new stake in shares of WABCO in the fourth quarter worth about $42,961,000. Lord Abbett & CO. LLC bought a new stake in shares of WABCO in the second quarter worth about $24,187,000. Finally, Eagle Asset Management Inc. increased its holdings in shares of WABCO by 15.7% in the fourth quarter. Eagle Asset Management Inc. now owns 791,673 shares of the auto parts company’s stock worth $113,789,000 after acquiring an additional 107,538 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.
WABCO Holdings Inc. (WBC) opened at $138.01 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.00 and a quick ratio of 2.60. The firm has a market capitalization of $7,703.88, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 1.26 and a beta of 1.77. WABCO Holdings Inc. has a one year low of $110.52 and a one year high of $162.20.
WABCO (NYSE:WBC) last posted its quarterly earnings results on Friday, February 16th. The auto parts company reported $2.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.20. The firm had revenue of $934.00 million during the quarter, compared to the consensus estimate of $900.52 million. WABCO had a return on equity of 38.93% and a net margin of 9.75%. The business’s revenue was up 30.9% compared to the same quarter last year. During the same period last year, the company earned $1.47 earnings per share. equities research analysts predict that WABCO Holdings Inc. will post 6.67 EPS for the current year.
Several equities research analysts have issued reports on WBC shares. Piper Jaffray Companies restated a “buy” rating and issued a $167.00 price target on shares of WABCO in a report on Sunday, October 22nd. Bank of America increased their price objective on WABCO from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Citigroup increased their price objective on WABCO from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Zacks Investment Research upgraded WABCO from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a report on Saturday, January 6th. Finally, Stifel Nicolaus set a $162.00 price objective on WABCO and gave the stock a “buy” rating in a report on Friday, February 9th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. WABCO currently has an average rating of “Buy” and an average price target of $160.67.
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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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