RGT Capital Management Ltd. acquired a new position in shares of Wabco Holdings Inc. (NYSE:WBC) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,758 shares of the auto parts company’s stock, valued at approximately $206,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Partners raised its position in shares of Wabco Holdings by 30.4% in the first quarter. Boston Partners now owns 3,058,351 shares of the auto parts company’s stock valued at $359,111,000 after buying an additional 713,086 shares during the last quarter. Norges Bank acquired a new stake in shares of Wabco Holdings during the fourth quarter valued at $39,809,000. Hermes Investment Management Ltd. acquired a new stake in shares of Wabco Holdings during the first quarter valued at $28,115,000. FMR LLC increased its stake in shares of Wabco Holdings by 97.8% in the fourth quarter. FMR LLC now owns 423,722 shares of the auto parts company’s stock valued at $44,978,000 after buying an additional 209,492 shares during the last quarter. Finally, Columbus Circle Investors acquired a new stake in shares of Wabco Holdings during the first quarter valued at $17,633,000. Institutional investors own 98.74% of the company’s stock.
Shares of Wabco Holdings Inc. (NYSE:WBC) traded down 1.22% during trading on Tuesday, hitting $121.55. The stock had a trading volume of 166,691 shares. The firm has a 50-day moving average of $120.63 and a 200 day moving average of $114.51. The company has a market capitalization of $6.58 billion, a P/E ratio of 21.27 and a beta of 1.62. Wabco Holdings Inc. has a 1-year low of $84.48 and a 1-year high of $126.07.
Wabco Holdings (NYSE:WBC) last released its earnings results on Friday, April 21st. The auto parts company reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.04. Wabco Holdings had a net margin of 11.05% and a return on equity of 40.37%. The company had revenue of $743.30 million for the quarter, compared to analyst estimates of $719.50 million. During the same quarter last year, the firm earned $1.37 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts predict that Wabco Holdings Inc. will post $5.96 earnings per share for the current fiscal year.
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A number of analysts have recently commented on WBC shares. TheStreet raised Wabco Holdings from a “c+” rating to a “b-” rating in a research note on Thursday, April 6th. BidaskClub downgraded Wabco Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 15th. Royal Bank Of Canada reissued a “buy” rating and set a $127.00 price objective on shares of Wabco Holdings in a research report on Friday, June 2nd. Seaport Global Securities initiated coverage on Wabco Holdings in a research report on Thursday, April 6th. They issued a “buy” rating and a $135.00 price target for the company. Finally, Stifel Nicolaus reissued a “buy” rating and set a $130.00 price objective on shares of Wabco Holdings in a research report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $122.25.
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.
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