IHT Wealth Management LLC boosted its stake in Wabco Holdings Inc. (NYSE:WBC) by 190.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 290 shares of the auto parts company’s stock after buying an additional 190 shares during the quarter. IHT Wealth Management LLC’s holdings in Wabco Holdings were worth $256,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Pacad Investment Ltd. purchased a new position in Wabco Holdings in the 2nd quarter valued at about $179,000. Trexquant Investment LP purchased a new position in Wabco Holdings in the 2nd quarter valued at about $204,000. Sawtooth Solutions LLC purchased a new position in Wabco Holdings in the 2nd quarter valued at about $238,000. BB&T Securities LLC purchased a new position in Wabco Holdings in the 1st quarter valued at about $242,000. Finally, Laurion Capital Management LP purchased a new position in Wabco Holdings in the 2nd quarter valued at about $242,000. 97.53% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director G Peter Daloia sold 3,626 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $139.78, for a total transaction of $506,842.28. Following the transaction, the director now owns 4,316 shares of the company’s stock, valued at $603,290.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Juergen Gromer sold 7,127 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $138.00, for a total transaction of $983,526.00. Following the transaction, the director now directly owns 969 shares in the company, valued at approximately $133,722. The disclosure for this sale can be found here. Insiders have sold 14,054 shares of company stock worth $1,952,903 in the last three months. Insiders own 0.79% of the company’s stock.
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Wabco Holdings Inc. (WBC) traded down 0.47% during mid-day trading on Wednesday, reaching $149.88. 20,976 shares of the company’s stock were exchanged. The stock has a market capitalization of $8.04 billion, a PE ratio of 25.06 and a beta of 1.65. Wabco Holdings Inc. has a 1-year low of $96.10 and a 1-year high of $152.61. The firm’s 50-day moving average is $144.77 and its 200 day moving average is $129.83.
Wabco Holdings (NYSE:WBC) last announced its quarterly earnings data on Thursday, July 20th. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.15. The business had revenue of $795.00 million for the quarter, compared to the consensus estimate of $759.33 million. Wabco Holdings had a net margin of 11.23% and a return on equity of 40.21%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 earnings per share. Analysts forecast that Wabco Holdings Inc. will post $6.33 earnings per share for the current fiscal year.
WBC has been the topic of a number of research reports. BidaskClub lowered shares of Wabco Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. BMO Capital Markets reiterated a “hold” rating and issued a $115.00 price objective on shares of Wabco Holdings in a report on Friday, July 7th. Royal Bank Of Canada reiterated a “buy” rating and issued a $127.00 price objective on shares of Wabco Holdings in a report on Friday, July 7th. Zacks Investment Research downgraded shares of Wabco Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $147.00 price objective on shares of Wabco Holdings in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $145.79.
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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