Credit Agricole S A reduced its position in shares of Wabco Holdings Inc. (NYSE:WBC) by 12.7% during the first quarter, Holdings Channel reports. The institutional investor owned 31,319 shares of the auto parts company’s stock after selling 4,576 shares during the period. Credit Agricole S A owned 0.06% of Wabco Holdings worth $3,677,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WBC. Concert Wealth Management Inc. boosted its position in shares of Wabco Holdings by 0.8% in the first quarter. Concert Wealth Management Inc. now owns 2,486 shares of the auto parts company’s stock worth $266,000 after buying an additional 19 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of Wabco Holdings by 0.3% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 13,525 shares of the auto parts company’s stock worth $1,588,000 after buying an additional 45 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Wabco Holdings by 1.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,816 shares of the auto parts company’s stock worth $448,000 after buying an additional 51 shares in the last quarter. Scotia Capital Inc. boosted its position in shares of Wabco Holdings by 0.9% in the fourth quarter. Scotia Capital Inc. now owns 8,313 shares of the auto parts company’s stock worth $883,000 after buying an additional 75 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in shares of Wabco Holdings by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 16,690 shares of the auto parts company’s stock worth $1,959,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 98.90% of the company’s stock.

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

Shares of Wabco Holdings Inc. (WBC) traded down 1.25% during midday trading on Friday, hitting $121.36. The stock had a trading volume of 803,270 shares. The firm has a 50-day moving average of $120.51 and a 200 day moving average of $114.12. The firm has a market cap of $6.57 billion, a PE ratio of 21.24 and a beta of 1.62. Wabco Holdings Inc. has a 12-month low of $84.48 and a 12-month high of $126.07.

Wabco Holdings (NYSE:WBC) last announced its quarterly earnings results on Friday, April 21st. The auto parts company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.04. The company had revenue of $743.30 million during the quarter, compared to the consensus estimate of $719.50 million. Wabco Holdings had a net margin of 11.05% and a return on equity of 40.37%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.37 earnings per share. On average, analysts expect that Wabco Holdings Inc. will post $5.96 earnings per share for the current year.

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A number of research analysts have recently weighed in on the company. Barclays PLC set a $123.00 price target on Wabco Holdings and gave the company a “buy” rating in a research report on Saturday, February 18th. BidaskClub cut Wabco Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Royal Bank Of Canada reiterated a “buy” rating and set a $127.00 price objective on shares of Wabco Holdings in a research report on Friday, June 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 price objective on shares of Wabco Holdings in a research report on Monday, April 24th. Finally, TheStreet upgraded Wabco Holdings from a “c+” rating to a “b-” rating in a research report on Thursday, April 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. Wabco Holdings presently has a consensus rating of “Buy” and an average target price of $122.25.

Wabco Holdings Company 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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