Nomura Holdings Inc. raised its stake in shares of Wabco Holdings Inc. (NYSE:WBC) by 11.2% during the second quarter, Holdings Channel reports. The institutional investor owned 3,500 shares of the company’s stock after buying an additional 352 shares during the period. Nomura Holdings Inc.’s holdings in Wabco Holdings were worth $320,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of WBC. Point72 Asia Hong Kong Ltd raised its position in Wabco Holdings by 1,000.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the company’s stock valued at $101,000 after buying an additional 1,000 shares during the period. Advisor Group Inc. purchased a new position in Wabco Holdings during the second quarter valued at approximately $102,000. Nordea Investment Management AB raised its position in Wabco Holdings by 6.7% in the second quarter. Nordea Investment Management AB now owns 1,539 shares of the company’s stock valued at $141,000 after buying an additional 97 shares during the period. BNP Paribas Arbitrage SA raised its position in Wabco Holdings by 92.3% in the second quarter. BNP Paribas Arbitrage SA now owns 1,602 shares of the company’s stock valued at $147,000 after buying an additional 769 shares during the period. Finally, LS Investment Advisors LLC raised its position in Wabco Holdings by 8.5% in the second quarter. LS Investment Advisors LLC now owns 2,015 shares of the company’s stock valued at $185,000 after buying an additional 158 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.
Shares of Wabco Holdings Inc. (NYSE:WBC) opened at 112.26 on Thursday. The stock has a market capitalization of $6.26 billion, a P/E ratio of 32.30 and a beta of 2.10. Wabco Holdings Inc. has a one year low of $81.66 and a one year high of $115.80. The company’s 50-day moving average is $106.13 and its 200-day moving average is $103.83.
Wabco Holdings (NYSE:WBC) last posted its earnings results on Wednesday, July 20th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.03. The firm earned $732.20 million during the quarter, compared to the consensus estimate of $706.60 million. Wabco Holdings had a net margin of 7.28% and a return on equity of 39.45%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 EPS. On average, equities research analysts anticipate that Wabco Holdings Inc. will post $5.72 earnings per share for the current year.
Several research analysts recently commented on WBC shares. TheStreet upgraded shares of Wabco Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 20th. Zacks Investment Research upgraded shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a research note on Wednesday, September 21st. Robert W. Baird reiterated a “buy” rating on shares of Wabco Holdings in a research note on Tuesday, June 28th. Deutsche Bank AG started coverage on shares of Wabco Holdings in a research note on Tuesday, September 6th. They set a “hold” rating and a $113.00 price objective for the company. Finally, Goldman Sachs Group Inc. boosted their price objective on shares of Wabco Holdings from $105.00 to $106.00 and gave the stock a “neutral” rating in a research note on Thursday, July 21st. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Wabco Holdings presently has an average rating of “Buy” and an average target price of $116.42.
In other Wabco Holdings news, insider Nick Rens sold 600 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $101.19, for a total value of $60,714.00. Following the completion of the transaction, the insider now owns 9,665 shares in the company, valued at approximately $978,001.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is owned by company insiders.
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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