Nissay Asset Management Corp Japan ADV boosted its holdings in shares of WABCO Holdings Inc. (NYSE:WBC) by 3.2% in the 1st quarter, Holdings Channel reports. The fund owned 4,744 shares of the auto parts company’s stock after buying an additional 148 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in WABCO were worth $625,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of WBC. State Board of Administration of Florida Retirement System grew its stake in WABCO by 0.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 66,560 shares of the auto parts company’s stock worth $8,775,000 after purchasing an additional 400 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in WABCO during the 1st quarter worth $9,149,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in WABCO during the 1st quarter worth $11,716,000. Gabelli Funds LLC acquired a new position in WABCO during the 1st quarter worth $37,934,000. Finally, New Amsterdam Partners LLC NY acquired a new position in WABCO during the 1st quarter worth $297,000. 99.82% of the stock is owned by institutional investors.
WBC has been the subject of several analyst reports. Stifel Nicolaus cut WABCO from a “buy” rating to a “hold” rating and set a $137.00 target price for the company. in a research note on Thursday, March 28th. Morgan Stanley boosted their target price on WABCO from $116.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Monday, March 4th. Stephens cut WABCO from an “overweight” rating to an “equal weight” rating and set a $137.00 target price for the company. in a research note on Thursday, March 28th. JPMorgan Chase & Co. raised WABCO from an “underweight” rating to a “neutral” rating and set a $121.00 target price for the company in a research note on Thursday, February 28th. Finally, ValuEngine raised WABCO from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $134.20.
WABCO (NYSE:WBC) last announced its quarterly earnings results on Friday, April 26th. The auto parts company reported $1.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.21). The business had revenue of $932.90 million for the quarter, compared to analysts’ expectations of $972.31 million. WABCO had a return on equity of 30.90% and a net margin of 10.04%. On average, equities research analysts expect that WABCO Holdings Inc. will post 7.65 EPS for the current fiscal year.
In other WABCO news, insider Nicolas Bardot sold 1,145 shares of WABCO stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $120.93, for a total transaction of $138,464.85. Following the completion of the sale, the insider now directly owns 4,546 shares of the company’s stock, valued at approximately $549,747.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.58% of the stock is owned by insiders.
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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, steering, transmission automation, and air management systems primarily for commercial vehicles.
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