National Asset Management Inc. acquired a new stake in WABCO Holdings Inc. (NYSE:WBC) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 3,976 shares of the auto parts company’s stock, valued at approximately $525,000.
Several other large investors also recently bought and sold shares of WBC. Norges Bank bought a new stake in shares of WABCO in the 4th quarter valued at approximately $49,994,000. FMR LLC lifted its stake in shares of WABCO by 12.6% in the 4th quarter. FMR LLC now owns 3,874,508 shares of the auto parts company’s stock valued at $415,890,000 after purchasing an additional 434,629 shares during the last quarter. First Manhattan Co. lifted its stake in shares of WABCO by 37.3% in the 4th quarter. First Manhattan Co. now owns 1,394,914 shares of the auto parts company’s stock valued at $149,730,000 after purchasing an additional 378,995 shares during the last quarter. Gabelli Funds LLC bought a new stake in shares of WABCO in the 1st quarter valued at approximately $37,934,000. Finally, Water Island Capital LLC bought a new stake in shares of WABCO in the 1st quarter valued at approximately $34,230,000. 98.43% of the stock is owned by institutional investors and hedge funds.
In other news, insider Nicolas Bardot sold 1,145 shares of WABCO stock in a transaction on Monday, February 25th. The stock was sold at an average price of $120.93, for a total value of $138,464.85. Following the transaction, the insider now directly owns 4,546 shares in the company, valued at approximately $549,747.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.58% of the company’s stock.
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). WABCO had a net margin of 10.04% and a return on equity of 30.90%. The company had revenue of $932.90 million during the quarter, compared to analysts’ expectations of $972.31 million. On average, equities research analysts forecast that WABCO Holdings Inc. will post 7.65 EPS for the current year.
Several equities research analysts have recently issued reports on the company. Citigroup lowered WABCO from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $155.00 to $136.50 in a research note on Friday, March 29th. ValuEngine raised WABCO from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. William Blair lowered WABCO from an “outperform” rating to a “market perform” rating in a research note on Friday, April 26th. Royal Bank of Canada lowered WABCO from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $136.00 to $136.50 in a research note on Friday, March 29th. Finally, Stifel Nicolaus set a $134.00 price objective on WABCO and gave the company a “buy” rating in a research note on Wednesday, February 20th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the stock. WABCO presently has a consensus rating of “Hold” and an average price target 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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