Toronto Dominion Bank boosted its stake in WABCO Holdings Inc. (NYSE:WBC) by 31.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,392 shares of the auto parts company’s stock after acquiring an additional 2,265 shares during the period. Toronto Dominion Bank’s holdings in WABCO were worth $1,238,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in WABCO by 130.9% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 38,233 shares of the auto parts company’s stock valued at $4,104,000 after purchasing an additional 21,674 shares in the last quarter. Northwest Bancshares Inc. purchased a new stake in WABCO in the 1st quarter valued at approximately $233,000. First Manhattan Co. boosted its holdings in 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 in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in WABCO by 1.1% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 66,160 shares of the auto parts company’s stock valued at $7,102,000 after purchasing an additional 712 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in WABCO by 14.9% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 14,315 shares of the auto parts company’s stock valued at $1,537,000 after purchasing an additional 1,860 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.
WBC has been the topic of a number of analyst reports. Stifel Nicolaus set a $134.00 price objective on WABCO and gave the company a “buy” rating in a report on Wednesday, February 20th. ValuEngine raised WABCO from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. Stephens lowered WABCO from an “overweight” rating to an “equal weight” rating and set a $137.00 price objective on the stock. in a report on Thursday, March 28th. Morgan Stanley lifted their price objective on WABCO from $116.00 to $137.00 and gave the company an “equal weight” rating in a report on Monday, March 4th. Finally, Vertical Research raised WABCO from a “sell” rating to a “hold” rating and set a $141.98 price objective on the stock in a report on Wednesday, February 27th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company’s stock. WABCO has a consensus rating of “Hold” and an average price target of $134.20.
Shares of NYSE:WBC traded down $0.08 during trading on Friday, hitting $130.26. 682,775 shares of the stock were exchanged, compared to its average volume of 843,126. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 1.14 and a beta of 1.59. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.60 and a quick ratio of 2.13. WABCO Holdings Inc. has a 12-month low of $98.90 and a 12-month high of $146.68.
WABCO (NYSE:WBC) last announced its quarterly earnings results on Friday, April 26th. The auto parts company reported $1.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.21). The firm had revenue of $932.90 million for the quarter, compared to analysts’ expectations of $972.31 million. WABCO had a return on equity of 30.90% and a net margin of 10.04%. On average, equities analysts anticipate that WABCO Holdings Inc. will post 7.65 earnings per share for the current year.
In other news, insider Nicolas Bardot sold 1,145 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $120.93, for a total transaction of $138,464.85. Following the sale, the insider now owns 4,546 shares of the company’s stock, valued at approximately $549,747.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.58% of the stock is owned by insiders.
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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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