Allianz Asset Management GmbH bought a new stake in WABCO Holdings Inc. (NYSE:WBC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 71,242 shares of the auto parts company’s stock, valued at approximately $10,223,000. Allianz Asset Management GmbH owned 0.13% of WABCO as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in WBC. Cerebellum GP LLC bought a new stake in shares of WABCO during the fourth quarter valued at approximately $129,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of WABCO by 114.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 935 shares of the auto parts company’s stock valued at $134,000 after buying an additional 500 shares in the last quarter. American International Group Inc. bought a new position in shares of WABCO in the fourth quarter valued at $172,000. Zions Bancorporation bought a new position in shares of WABCO in the third quarter valued at $179,000. Finally, Brown Advisory Inc. bought a new position in shares of WABCO in the third quarter valued at $202,000. 97.03% of the stock is currently owned by institutional investors.
WABCO Holdings Inc. (NYSE:WBC) opened at $140.32 on Tuesday. WABCO Holdings Inc. has a 52-week low of $111.68 and a 52-week high of $162.20. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.93 and a current ratio of 2.23. The firm has a market cap of $7,530.00, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 1.25 and a beta of 1.80.
In other news, insider Nicolas Bardot sold 834 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 4,243 shares in the company, valued at approximately $580,781.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.79% of the company’s stock.
WBC has been the topic of several research reports. Morgan Stanley initiated coverage on WABCO in a report on Friday, March 2nd. They issued an “overweight” rating and a $159.00 price target on the stock. Zacks Investment Research raised WABCO from a “hold” rating to a “buy” rating and set a $161.00 price target on the stock in a report on Thursday, December 28th. ValuEngine cut WABCO from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 price target (down previously from $162.00) on shares of WABCO in a report on Tuesday, February 20th. Finally, Buckingham Research reaffirmed a “neutral” rating and issued a $152.00 price target (down previously from $156.00) on shares of WABCO in a report on Tuesday, February 20th. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. WABCO currently has a consensus rating of “Buy” and a consensus price target of $162.13.
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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.
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