Wabco Holdings Inc. (WBC) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in Wabco Holdings Inc. (NYSE:WBC) by 26.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,791 shares of the auto parts company’s stock after purchasing an additional 2,019 shares during the quarter. Pacer Advisors Inc.’s holdings in Wabco Holdings were worth $1,449,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WBC. Pacad Investment Ltd. bought a new position in Wabco Holdings in the 2nd quarter valued at $179,000. Trexquant Investment LP bought a new position in Wabco Holdings in the 2nd quarter valued at $204,000. Massey Quick Simon & CO. LLC raised its position in Wabco Holdings by 855.3% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 1,452 shares of the auto parts company’s stock valued at $215,000 after purchasing an additional 1,300 shares during the last quarter. Sawtooth Solutions LLC bought a new position in Wabco Holdings in the 2nd quarter valued at $238,000. Finally, Laurion Capital Management LP bought a new position in Wabco Holdings in the 2nd quarter valued at $242,000. Hedge funds and other institutional investors own 97.49% of the company’s stock.

A number of equities research analysts have recently weighed in on WBC shares. Zacks Investment Research upgraded Wabco Holdings from a “hold” rating to a “buy” rating and set a $166.00 target price for the company in a research report on Friday, September 29th. Berenberg Bank started coverage on Wabco Holdings in a research report on Monday, September 25th. They set a “buy” rating and a $173.00 target price for the company. Bank of America Corporation restated a “buy” rating and set a $150.00 target price on shares of Wabco Holdings in a research report on Saturday, August 19th. KeyCorp restated a “buy” rating and set a $156.00 target price on shares of Wabco Holdings in a research report on Thursday, September 7th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Wabco Holdings in a research report on Monday, September 25th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $159.80.

In related news, Chairman Jacques Esculier sold 172,394 shares of Wabco Holdings stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $151.24, for a total transaction of $26,072,868.56. Following the completion of the sale, the chairman now directly owns 312,079 shares of the company’s stock, valued at $47,198,827.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is owned by insiders.

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Shares of Wabco Holdings Inc. (WBC) traded up $0.29 during trading on Tuesday, hitting $144.93. The company had a trading volume of 391,500 shares, compared to its average volume of 415,056. The company has a current ratio of 3.00, a quick ratio of 2.60 and a debt-to-equity ratio of 0.99. Wabco Holdings Inc. has a twelve month low of $96.10 and a twelve month high of $156.08. The firm has a market capitalization of $7,810.00, a PE ratio of 22.81, a PEG ratio of 1.45 and a beta of 1.68.

Wabco Holdings (NYSE:WBC) last announced its quarterly earnings data on Thursday, October 19th. The auto parts company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.18. Wabco Holdings had a return on equity of 38.93% and a net margin of 9.75%. The business had revenue of $827.80 million during the quarter, compared to analysts’ expectations of $756.57 million. During the same period in the previous year, the firm earned $1.54 earnings per share. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. research analysts predict that Wabco Holdings Inc. will post 6.64 earnings per share for the current fiscal year.

Wabco Holdings Profile

WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers of commercial trucks, buses and trailers, as well as passenger cars. The Company engineers, develops, manufactures and sells braking, stability, suspension and transmission automation and air management systems primarily for commercial vehicles.

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Institutional Ownership by Quarter for Wabco Holdings (NYSE:WBC)

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