WABCO Holdings Inc. (WBC) Position Lifted by KBC Group NV

KBC Group NV increased its position in WABCO Holdings Inc. (NYSE:WBC) by 19.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,989 shares of the auto parts company’s stock after acquiring an additional 1,275 shares during the quarter. KBC Group NV’s holdings in WABCO were worth $1,182,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Pacad Investment Ltd. bought a new position in shares of WABCO during the 2nd quarter worth about $179,000. Brown Advisory Inc. bought a new position in shares of WABCO during the 3rd quarter worth about $202,000. Trexquant Investment LP bought a new stake in WABCO in the second quarter valued at about $204,000. Cadence Capital Management LLC bought a new stake in WABCO in the third quarter valued at about $207,000. Finally, Massey Quick Simon & CO. LLC increased its stake in WABCO by 855.3% in the third quarter. Massey Quick Simon & CO. LLC now owns 1,452 shares of the auto parts company’s stock valued at $215,000 after acquiring an additional 1,300 shares during the period. Hedge funds and other institutional investors own 95.32% of the company’s stock.

In other WABCO news, Chairman Jacques Esculier sold 172,394 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $151.24, for a total value of $26,072,868.56. Following the completion of the sale, the chairman now 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 Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.79% of the company’s stock.

Shares of WABCO Holdings Inc. (WBC) traded down $1.36 during mid-day trading on Thursday, hitting $143.66. 246,600 shares of the stock were exchanged, compared to its average volume of 410,820. WABCO Holdings Inc. has a 12 month low of $102.39 and a 12 month high of $156.08. The firm has a market capitalization of $7,780.06, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 1.45 and a beta of 1.67. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.00 and a quick ratio of 2.60.

WABCO (NYSE:WBC) last announced its quarterly earnings data on Thursday, October 19th. The auto parts company reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.18. WABCO had a net margin of 9.75% and a return on equity of 38.93%. The business had revenue of $827.80 million for the quarter, compared to analyst estimates of $756.57 million. During the same period in the prior year, the business posted $1.54 earnings per share. WABCO’s revenue was up 22.6% compared to the same quarter last year. equities research analysts anticipate that WABCO Holdings Inc. will post 6.65 earnings per share for the current year.

A number of analysts recently weighed in on WBC shares. KeyCorp reissued a “buy” rating and issued a $156.00 target price on shares of WABCO in a research note on Thursday, September 7th. Zacks Investment Research raised shares of WABCO from a “hold” rating to a “buy” rating and set a $161.00 target price on the stock in a research note on Tuesday, September 5th. Robert W. Baird reissued a “buy” rating and issued a $149.00 target price on shares of WABCO in a research note on Thursday, August 24th. Piper Jaffray Companies set a $147.00 target price on shares of WABCO and gave the company a “buy” rating in a research note on Thursday, August 24th. Finally, Stifel Nicolaus set a $150.00 price target on shares of WABCO and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Five 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 company. WABCO currently has an average rating of “Buy” and a consensus target price of $159.80.

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WABCO 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.

Institutional Ownership by Quarter for WABCO (NYSE:WBC)

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