Sei Investments Co. Has $16,772,000 Stake in Wabco Holdings Inc. (WBC)
Sei Investments Co. raised its position in shares of Wabco Holdings Inc. (NYSE:WBC) by 5.0% during the third quarter, Holdings Channel reports. The fund owned 147,737 shares of the company’s stock after buying an additional 7,022 shares during the period. Sei Investments Co.’s holdings in Wabco Holdings were worth $16,772,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in WBC. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Wabco Holdings by 0.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 148,474 shares of the company’s stock worth $13,596,000 after buying an additional 1,265 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in Wabco Holdings by 1.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,769 shares of the company’s stock worth $345,000 after buying an additional 53 shares during the last quarter. American Century Companies Inc. raised its stake in Wabco Holdings by 4.3% in the second quarter. American Century Companies Inc. now owns 2,352,715 shares of the company’s stock worth $215,438,000 after buying an additional 97,055 shares during the last quarter. Bank of Montreal Can acquired a new stake in Wabco Holdings during the second quarter worth about $22,661,000. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in Wabco Holdings during the second quarter worth about $1,808,000. Institutional investors own 96.07% of the company’s stock.
Shares of Wabco Holdings Inc. (NYSE:WBC) traded up 0.56% during midday trading on Wednesday, hitting $98.96. The stock had a trading volume of 183,753 shares. Wabco Holdings Inc. has a 1-year low of $81.66 and a 1-year high of $115.15. The company’s 50 day moving average price is $101.56 and its 200-day moving average price is $102.56. The firm has a market capitalization of $5.45 billion, a PE ratio of 21.69 and a beta of 1.89.
Wabco Holdings (NYSE:WBC) last announced its quarterly earnings results on Thursday, October 20th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.06. The firm earned $675.40 million during the quarter, compared to analysts’ expectations of $695.73 million. Wabco Holdings had a net margin of 9.34% and a return on equity of 39.77%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 earnings per share. Equities analysts predict that Wabco Holdings Inc. will post $5.77 earnings per share for the current year.
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A number of analysts have recently issued reports on the company. assumed coverage on Wabco Holdings in a report on Friday, September 30th. They issued an “outperform” rating and a $125.00 target price for the company. Avondale Partners restated a “market outperform” rating on shares of Wabco Holdings in a report on Monday, October 10th. Deutsche Bank AG upped their price target on shares of Wabco Holdings from $113.00 to $114.00 and gave the stock a “hold” rating in a research note on Wednesday, October 12th. Barclays PLC upped their price target on shares of Wabco Holdings from $103.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 12th. Finally, Zacks Investment Research downgraded shares of Wabco Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, October 15th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $114.64.
In other news, insider Nick Rens sold 1,000 shares of Wabco Holdings stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $104.99, for a total value of $104,990.00. Following the completion of the transaction, the insider now owns 9,155 shares in the company, valued at $961,183.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.79% of the company’s stock.
About Wabco Holdings
WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers. The Company engineers, develops, manufactures and sells systems controlling braking, stability, suspension, transmission automation, as well transmission automation and air management systems for commercial vehicles.
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