DekaBank Deutsche Girozentrale Sells 1,172 Shares of WABCO Holdings, Inc. (WBC)

DekaBank Deutsche Girozentrale reduced its holdings in WABCO Holdings, Inc. (NYSE:WBC) by 11.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 9,473 shares of the auto parts company’s stock after selling 1,172 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in WABCO were worth $1,346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cerebellum GP LLC acquired a new position in WABCO in the 4th quarter valued at approximately $129,000. Whittier Trust Co. of Nevada Inc. increased its position in WABCO by 114.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 935 shares of the auto parts company’s stock valued at $134,000 after acquiring an additional 500 shares during the period. American International Group Inc. acquired a new position in WABCO in the 4th quarter valued at approximately $172,000. IFM Investors Pty Ltd acquired a new stake in shares of WABCO during the fourth quarter worth $213,000. Finally, MML Investors Services LLC acquired a new stake in shares of WABCO during the fourth quarter worth $236,000. Hedge funds and other institutional investors own 97.80% of the company’s stock.

Several research firms have recently weighed in on WBC. William Blair reiterated a “buy” rating on shares of WABCO in a research report on Wednesday, April 4th. Stifel Nicolaus set a $162.00 price objective on shares of WABCO and gave the stock a “buy” rating in a research report on Friday, February 9th. BMO Capital Markets reiterated a “market perform” rating and set a $150.00 price objective (down from $160.00) on shares of WABCO in a research report on Friday, February 23rd. Buckingham Research reiterated a “neutral” rating and set a $152.00 price objective (down from $156.00) on shares of WABCO in a research report on Tuesday, February 20th. Finally, Zacks Investment Research upgraded shares of WABCO from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Thursday, April 26th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. WABCO currently has an average rating of “Buy” and a consensus price target of $162.21.

In related news, insider Nicolas Bardot sold 834 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $136.88, for a total transaction of $114,157.92. Following the transaction, the insider now directly owns 4,243 shares of the company’s stock, valued at $580,781.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is owned by corporate insiders.

Shares of NYSE WBC opened at $129.40 on Friday. The firm has a market cap of $6.89 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.11 and a beta of 1.81. WABCO Holdings, Inc. has a 12-month low of $128.83 and a 12-month high of $129.42. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.00 and a current ratio of 3.49.

WABCO (NYSE:WBC) last issued its earnings results on Thursday, April 19th. The auto parts company reported $1.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.16. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $950.91 million. WABCO had a net margin of 11.97% and a return on equity of 35.77%. WABCO’s revenue was up 35.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.47 earnings per share. equities research analysts predict that WABCO Holdings, Inc. will post 7.69 earnings per share for the current fiscal year.

About WABCO

WABCO Holdings Inc, together with its subsidiaries, supplies electronic, mechanical, electro-mechanical, and aerodynamic products worldwide. The company engineers, develops, manufactures, and sells braking, stability, suspension, transmission automation, and air management systems primarily for commercial vehicles.

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Institutional Ownership by Quarter for WABCO (NYSE:WBC)

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