WABCO Holdings, Inc. (WBC) Holdings Boosted by Eagle Asset Management Inc.

Eagle Asset Management Inc. boosted its holdings in shares of WABCO Holdings, Inc. (NYSE:WBC) by 6.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 839,191 shares of the auto parts company’s stock after buying an additional 47,518 shares during the quarter. WABCO makes up approximately 0.6% of Eagle Asset Management Inc.’s investment portfolio, making the stock its 26th largest position. Eagle Asset Management Inc. owned approximately 1.57% of WABCO worth $112,342,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Tredje AP fonden increased its position in WABCO by 55.2% during the first quarter. Tredje AP fonden now owns 9,640 shares of the auto parts company’s stock worth $1,291,000 after buying an additional 3,430 shares during the last quarter. First Mercantile Trust Co. grew its position in shares of WABCO by 94.7% in the first quarter. First Mercantile Trust Co. now owns 1,328 shares of the auto parts company’s stock valued at $178,000 after purchasing an additional 646 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of WABCO by 1.2% in the first quarter. Thrivent Financial for Lutherans now owns 717,658 shares of the auto parts company’s stock valued at $96,073,000 after purchasing an additional 8,248 shares during the last quarter. Aperio Group LLC grew its position in shares of WABCO by 2.8% in the first quarter. Aperio Group LLC now owns 28,429 shares of the auto parts company’s stock valued at $3,806,000 after purchasing an additional 781 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of WABCO in the first quarter valued at approximately $2,216,000. 97.80% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WBC stock opened at $129.40 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.49 and a quick ratio of 3.00. The company has a market capitalization 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 1 year low of $128.83 and a 1 year high of $129.42.

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

WBC has been the topic of several research reports. Zacks Investment Research downgraded WABCO from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. Stifel Nicolaus set a $162.00 target price on WABCO and gave the company a “buy” rating in a research report on Friday, February 9th. Buckingham Research reaffirmed a “neutral” rating and issued a $152.00 target price (down previously from $156.00) on shares of WABCO in a research report on Tuesday, February 20th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $150.00 target price (down previously from $160.00) on shares of WABCO in a research report on Friday, February 23rd. Finally, Morgan Stanley initiated coverage on WABCO in a research report on Friday, March 2nd. They issued an “overweight” rating and a $159.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $162.21.

In related news, insider Nicolas Bardot sold 834 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $136.88, for a total value of $114,157.92. Following the completion of the sale, the insider now directly owns 4,243 shares in the company, valued at $580,781.84. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.48% of the company’s stock.

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.

Institutional Ownership by Quarter for WABCO (NYSE:WBC)

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