Findlay Park Partners LLP Trims Position in Wabco Holdings Inc. (WBC)

Findlay Park Partners LLP lowered its holdings in Wabco Holdings Inc. (NYSE:WBC) by 80.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 207,366 shares of the auto parts company’s stock after selling 827,029 shares during the quarter. Findlay Park Partners LLP owned about 0.39% of Wabco Holdings worth $30,690,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Advisory Services Network LLC grew its position in Wabco Holdings by 0.6% in the 2nd quarter. Advisory Services Network LLC now owns 7,046 shares of the auto parts company’s stock valued at $898,000 after purchasing an additional 40 shares during the period. Stratos Wealth Partners LTD. lifted its stake in Wabco Holdings by 4.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,983 shares of the auto parts company’s stock valued at $253,000 after acquiring an additional 89 shares in the last quarter. Prudential Financial Inc. lifted its stake in Wabco Holdings by 3.3% during the 2nd quarter. Prudential Financial Inc. now owns 3,160 shares of the auto parts company’s stock valued at $403,000 after acquiring an additional 100 shares in the last quarter. IHT Wealth Management LLC lifted its stake in Wabco Holdings by 190.0% during the 2nd quarter. IHT Wealth Management LLC now owns 290 shares of the auto parts company’s stock valued at $256,000 after acquiring an additional 190 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. lifted its stake in Wabco Holdings by 0.3% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 86,848 shares of the auto parts company’s stock valued at $11,074,000 after acquiring an additional 277 shares in the last quarter. 97.49% of the stock is owned by institutional investors and hedge funds.

Several brokerages have weighed in on WBC. BidaskClub cut Wabco Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Wabco Holdings from a “hold” rating to a “buy” rating and set a $161.00 price objective on the stock in a research note on Tuesday, September 5th. KeyCorp restated a “buy” rating and set a $161.00 price objective (up from $156.00) on shares of Wabco Holdings in a research note on Tuesday, September 19th. Buckingham Research raised their price objective on Wabco Holdings from $148.00 to $154.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. Finally, Stifel Nicolaus set a $150.00 price objective on Wabco Holdings and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $159.80.

Wabco Holdings Inc. (WBC) traded up $0.29 during midday trading on Tuesday, hitting $144.93. The stock had a trading volume of 391,500 shares, compared to its average volume of 415,056. The company has a market cap of $7,810.00, a PE ratio of 22.81, a price-to-earnings-growth ratio of 1.45 and a beta of 1.68. Wabco Holdings Inc. has a 12 month low of $96.10 and a 12 month high of $156.08. The company has a quick ratio of 2.60, a current ratio of 3.00 and a debt-to-equity ratio of 0.99.

Wabco Holdings (NYSE:WBC) last announced its quarterly earnings data on Thursday, October 19th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.18. Wabco Holdings had a return on equity of 38.93% and a net margin of 9.75%. The business had revenue of $827.80 million for the quarter, compared to analysts’ expectations of $756.57 million. During the same period in the previous year, the business posted $1.54 EPS. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. equities research analysts forecast that Wabco Holdings Inc. will post 6.64 earnings per share for the current fiscal year.

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In related news, Chairman Jacques Esculier sold 172,394 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $151.24, for a total value of $26,072,868.56. Following the sale, the chairman now directly owns 312,079 shares in the company, valued at approximately $47,198,827.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.79% of the company’s stock.

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

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