M&T Bank Corp lifted its holdings in shares of WABCO Holdings Inc. (NYSE:WBC) by 13.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,011 shares of the auto parts company’s stock after acquiring an additional 846 shares during the period. M&T Bank Corp’s holdings in WABCO were worth $1,006,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Cerebellum GP LLC bought a new stake in WABCO in the 4th quarter worth about $129,000. Zions Bancorporation bought a new stake in WABCO in the 3rd quarter worth about $179,000. Brown Advisory Inc. bought a new stake in WABCO in the 3rd quarter worth about $202,000. Cadence Capital Management LLC bought a new stake in WABCO in the 3rd quarter worth about $207,000. Finally, IFM Investors Pty Ltd bought a new stake in WABCO in the 4th quarter worth about $213,000. 96.28% of the stock is owned by institutional investors.
A number of brokerages have issued reports on WBC. Stifel Nicolaus set a $162.00 price objective on shares of WABCO and gave the stock a “buy” rating in a research report on Friday, February 9th. BMO Capital Markets reiterated a “market perform” rating and issued a $150.00 target price (down from $160.00) on shares of WABCO in a research note on Friday, February 23rd. Buckingham Research reiterated a “neutral” rating and issued a $152.00 target price (down from $156.00) on shares of WABCO in a research note on Tuesday, February 20th. Zacks Investment Research cut shares of WABCO from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Finally, ValuEngine cut shares of WABCO from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $162.13.
Shares of WABCO Holdings Inc. (NYSE:WBC) opened at $140.02 on Wednesday. The company has a market cap of $7,469.23, a P/E ratio of 20.23, a P/E/G ratio of 1.22 and a beta of 1.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.93 and a current ratio of 2.23. WABCO Holdings Inc. has a 52 week low of $111.59 and a 52 week high of $162.20.
WABCO (NYSE:WBC) last announced its quarterly earnings results on Friday, February 16th. The auto parts company reported $2.00 EPS for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.20. The company had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $900.52 million. WABCO had a net margin of 12.29% and a return on equity of 37.38%. WABCO’s revenue was up 30.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 EPS. research analysts predict that WABCO Holdings Inc. will post 7.58 earnings per share for the current fiscal year.
In related news, insider Nicolas Bardot sold 834 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $136.88, for a total transaction of $114,157.92. Following the sale, the insider now directly owns 4,243 shares in the company, valued at approximately $580,781.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.79% of the company’s stock.
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.