FMR LLC boosted its position in WABCO Holdings Inc. (NYSE:WBC) by 12.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,874,508 shares of the auto parts company’s stock after purchasing an additional 434,629 shares during the period. FMR LLC owned approximately 7.54% of WABCO worth $415,890,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Athena Capital Advisors LLC acquired a new position in WABCO in the fourth quarter worth about $27,000. Capital Guardian Trust Co. acquired a new stake in shares of WABCO during the third quarter worth approximately $104,000. ETF Managers Group LLC increased its holdings in shares of WABCO by 17.8% during the fourth quarter. ETF Managers Group LLC now owns 991 shares of the auto parts company’s stock worth $106,000 after buying an additional 150 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of WABCO by 9.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,720 shares of the auto parts company’s stock worth $185,000 after buying an additional 150 shares in the last quarter. Finally, TLP Group LLC increased its holdings in shares of WABCO by 193.3% during the third quarter. TLP Group LLC now owns 1,871 shares of the auto parts company’s stock worth $221,000 after buying an additional 1,233 shares in the last quarter.
In related news, insider Nicolas Bardot sold 1,145 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $120.93, for a total transaction of $138,464.85. Following the sale, the insider now directly owns 4,546 shares in the company, valued at $549,747.78. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.48% of the company’s stock.
WABCO (NYSE:WBC) last issued its quarterly earnings data on Friday, February 15th. The auto parts company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.14. WABCO had a net margin of 10.29% and a return on equity of 32.91%. The business had revenue of $911.60 million for the quarter, compared to analyst estimates of $963.33 million. During the same period last year, the business posted $2.00 earnings per share. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. On average, research analysts anticipate that WABCO Holdings Inc. will post 7.8 EPS for the current fiscal year.
Several research firms have recently weighed in on WBC. Citigroup lowered shares of WABCO from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $155.00 to $136.50 in a report on Friday, March 29th. Royal Bank of Canada lowered shares of WABCO from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $136.00 to $136.50 in a report on Friday, March 29th. Buckingham Research set a $136.00 price target on shares of WABCO and gave the company a “hold” rating in a report on Thursday, March 28th. Stifel Nicolaus lowered shares of WABCO from a “buy” rating to a “hold” rating and set a $137.00 price target for the company. in a report on Thursday, March 28th. Finally, Stephens lowered shares of WABCO from an “overweight” rating to an “equal weight” rating and set a $137.00 price target for the company. in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. WABCO currently has an average rating of “Hold” and an average target price of $134.20.
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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, steering, transmission automation, and air management systems primarily for commercial vehicles.
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