Villere ST Denis J & Co. LLC Buys New Stake in WABCO Holdings Inc. (WBC)

Villere ST Denis J & Co. LLC bought a new position in shares of WABCO Holdings Inc. (NYSE:WBC) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 549,116 shares of the auto parts company’s stock, valued at approximately $64,762,000. WABCO accounts for approximately 3.9% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 17th biggest holding. Villere ST Denis J & Co. LLC owned about 1.05% of WABCO at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Gideon Capital Advisors Inc. grew its position in shares of WABCO by 67.9% in the 2nd quarter. Gideon Capital Advisors Inc. now owns 4,321 shares of the auto parts company’s stock valued at $506,000 after purchasing an additional 1,748 shares during the period. Swiss National Bank grew its position in shares of WABCO by 9.0% in the 2nd quarter. Swiss National Bank now owns 177,600 shares of the auto parts company’s stock valued at $20,783,000 after purchasing an additional 14,700 shares during the period. Renaissance Technologies LLC grew its position in shares of WABCO by 126.7% in the 2nd quarter. Renaissance Technologies LLC now owns 366,500 shares of the auto parts company’s stock valued at $42,888,000 after purchasing an additional 204,800 shares during the period. Wafra Inc. acquired a new position in shares of WABCO in the 2nd quarter valued at approximately $6,990,000. Finally, Putnam Investments LLC acquired a new position in shares of WABCO in the 2nd quarter valued at approximately $5,104,000. Institutional investors own 98.73% of the company’s stock.

WBC has been the subject of several research analyst reports. Morgan Stanley set a $135.00 price objective on WABCO and gave the company a “buy” rating in a research report on Thursday, September 13th. Stifel Nicolaus set a $159.00 price objective on WABCO and gave the company a “buy” rating in a research report on Friday, July 20th. Royal Bank of Canada reiterated a “buy” rating and issued a $160.00 price objective on shares of WABCO in a research report on Friday, July 20th. Bank of America decreased their price objective on WABCO from $148.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, September 14th. Finally, Piper Jaffray Companies set a $153.00 price objective on WABCO and gave the company a “buy” rating in a research report on Wednesday, September 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $132.82.

NYSE WBC traded up $0.97 during trading on Tuesday, hitting $104.92. The stock had a trading volume of 10,492 shares, compared to its average volume of 721,554. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 0.89 and a beta of 1.82. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.89 and a current ratio of 2.28. WABCO Holdings Inc. has a 12 month low of $100.80 and a 12 month high of $162.20.

WABCO (NYSE:WBC) last released its earnings results on Thursday, October 18th. The auto parts company reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.19. The firm had revenue of $914.80 million for the quarter, compared to analysts’ expectations of $932.66 million. WABCO had a return on equity of 33.10% and a net margin of 11.62%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.71 EPS. On average, equities research analysts forecast that WABCO Holdings Inc. will post 7.73 EPS for the current year.

WABCO Company Profile

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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