WABCO Holdings Inc. (WBC) Shares Bought by Schwab Charles Investment Management Inc.

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Schwab Charles Investment Management Inc. grew its position in WABCO Holdings Inc. (NYSE:WBC) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,793 shares of the auto parts company’s stock after buying an additional 12,105 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.38% of WABCO worth $23,380,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in WBC. Millennium Management LLC increased its position in shares of WABCO by 103.1% in the first quarter. Millennium Management LLC now owns 661,964 shares of the auto parts company’s stock valued at $88,617,000 after buying an additional 336,063 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of WABCO by 5,791.4% in the second quarter. Assenagon Asset Management S.A. now owns 316,429 shares of the auto parts company’s stock valued at $37,029,000 after buying an additional 311,058 shares in the last quarter. First Manhattan Co. increased its position in shares of WABCO by 43.7% in the second quarter. First Manhattan Co. now owns 766,080 shares of the auto parts company’s stock valued at $89,646,000 after buying an additional 232,856 shares in the last quarter. CI Investments Inc. increased its position in shares of WABCO by 373.5% in the first quarter. CI Investments Inc. now owns 256,160 shares of the auto parts company’s stock valued at $34,292,000 after buying an additional 202,057 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of WABCO by 101.3% in the first quarter. Jane Street Group LLC now owns 2,583 shares of the auto parts company’s stock valued at $346,000 after buying an additional 200,873 shares in the last quarter.

A number of research analysts have recently weighed in on WBC shares. BMO Capital Markets restated a “hold” rating and issued a $135.00 price target on shares of WABCO in a research report on Thursday, July 19th. Zacks Investment Research upgraded WABCO from a “hold” rating to a “buy” rating and set a $143.00 price target for the company in a research report on Friday, May 25th. Morgan Stanley dropped their price target on WABCO from $159.00 to $144.00 and set an “overweight” rating for the company in a research report on Friday, July 20th. Stifel Nicolaus set a $159.00 price target on WABCO and gave the company a “buy” rating in a research report on Friday, July 20th. Finally, ValuEngine cut WABCO from a “hold” rating to a “sell” rating in a research report on Friday, June 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $157.71.

WABCO stock opened at $123.56 on Friday. The stock has a market cap of $6.56 billion, a P/E ratio of 18.03, a P/E/G ratio of 1.08 and a beta of 1.83. WABCO Holdings Inc. has a 52 week low of $113.00 and a 52 week high of $162.20. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.48 and a quick ratio of 2.07.

WABCO (NYSE:WBC) last posted its quarterly earnings data on Thursday, July 19th. The auto parts company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.10. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $989.16 million. WABCO had a return on equity of 34.37% and a net margin of 11.77%. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.69 EPS. sell-side analysts forecast that WABCO Holdings Inc. will post 7.63 earnings per share for the current year.

About WABCO

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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Institutional Ownership by Quarter for WABCO (NYSE:WBC)

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