Thrivent Financial for Lutherans lifted its position in WABCO Holdings, Inc. (NYSE:WBC) by 1.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 717,658 shares of the auto parts company’s stock after purchasing an additional 8,248 shares during the quarter. Thrivent Financial for Lutherans owned about 1.34% of WABCO worth $96,073,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. Aperio Group LLC raised its stake in shares of WABCO by 2.8% in the first quarter. Aperio Group LLC now owns 28,429 shares of the auto parts company’s stock worth $3,806,000 after purchasing an additional 781 shares during the last quarter. Engineers Gate Manager LP purchased a new position in shares of WABCO in the first quarter worth about $2,216,000. Schwab Charles Investment Management Inc. raised its stake in shares of WABCO by 3.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 187,688 shares of the auto parts company’s stock worth $25,126,000 after purchasing an additional 5,914 shares during the last quarter. Eaton Vance Management raised its stake in shares of WABCO by 40.6% in the first quarter. Eaton Vance Management now owns 4,330 shares of the auto parts company’s stock worth $580,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Massey Quick Simon & CO. LLC raised its stake in shares of WABCO by 100.0% in the first quarter. Massey Quick Simon & CO. LLC now owns 2,600 shares of the auto parts company’s stock worth $348,000 after purchasing an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 97.80% of the company’s stock.
Shares of WABCO opened at $130.44 on Monday, MarketBeat.com reports. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.49 and a quick ratio of 3.00. The company has a market cap of $6.99 billion, a P/E ratio of 17.70, a P/E/G ratio of 1.13 and a beta of 1.81. WABCO Holdings, Inc. has a twelve month low of $114.53 and a twelve month high of $162.20.
In other WABCO news, insider Nicolas Bardot sold 834 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $136.88, for a total value of $114,157.92. Following the sale, the insider now directly owns 4,243 shares of the company’s stock, valued at $580,781.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.48% of the stock is currently owned by company insiders.
Several research analysts have recently issued reports on WBC shares. Zacks Investment Research cut WABCO from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. Stifel Nicolaus set a $162.00 price target on WABCO and gave the company a “buy” rating in a research report on Friday, February 9th. Buckingham Research reiterated a “neutral” rating and set a $152.00 price target (down from $156.00) on shares of WABCO in a research report on Tuesday, February 20th. BMO Capital Markets reiterated a “market perform” rating and set a $150.00 price target (down from $160.00) on shares of WABCO in a research report on Friday, February 23rd. Finally, Morgan Stanley initiated coverage on WABCO in a research report on Friday, March 2nd. They set an “overweight” rating and a $159.00 price target for the company. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. WABCO presently has an average rating of “Buy” and an average price target of $162.21.
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, transmission automation, and air management systems primarily for commercial vehicles.
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