WABCO Holdings (WBC) : Kirr Marbach Co In reduced its stake in WABCO Holdings by 0.86% during the most recent quarter end. The investment management company now holds a total of 220,678 shares of WABCO Holdings which is valued at $25,046,953 after selling 1,904 shares in WABCO Holdings , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.WABCO Holdings makes up approximately 5.05% of Kirr Marbach Co In’s portfolio.
WABCO Holdings opened for trading at $111.5 and hit $115.15 on the upside on Friday, eventually ending the session at $113.5, with a gain of 1.83% or 2.04 points. The heightened volatility saw the trading volume jump to 7,74,313 shares. Company has a market cap of $6,447 M.
Other Hedge Funds, Including , Livforsakringsbolaget Skandia Omsesidigt reduced its stake in WBC by selling 3,100 shares or 44.93% in the most recent quarter. The Hedge Fund company now holds 3,800 shares of WBC which is valued at $422,408. WABCO Holdings makes up approx 0.02% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.Eagle Asset Management Inc reduced its stake in WBC by selling 5,766 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 663,284 shares of WBC which is valued at $70,129,017. WABCO Holdings makes up approx 0.49% of Eagle Asset Management Inc’s portfolio.British Columbia Investment Management Corp boosted its stake in WBC in the latest quarter, The investment management firm added 2,803 additional shares and now holds a total of 61,712 shares of WABCO Holdings which is valued at $6,524,810. WABCO Holdings makes up approx 0.06% of British Columbia Investment Management Corp’s portfolio.
On the company’s financial health, WABCO Holdings reported $1.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $1.36. The company had revenue of $688.70 million for the quarter, compared to analysts expectations of $677.71 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS.
Many Wall Street Analysts have commented on WABCO Holdings. Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 125 from a previous price target of $117 .Company shares were Reiterated by Stifel on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 124 from a previous price target of $121 .Company shares were Reiterated by Barclays on Apr 13, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 97 from a previous price target of $96 .
WABCO Holdings Inc. is a global supplier of electronic mechanical and mechatronic products. The Company develops manufactures and sells control systems including advanced braking stability suspension transmission automation air compression and processing. Its product groups include actuator air compressor and air processing/air management system foundation brake anti-lock braking system (ABS) conventional braking system electronic braking system (EBS) electronic and conventional air suspension systems transmission automation vehicle electronic architecture vehicle electronic stability control and roll stability support. Its solutions include TX-TRAILERGUARD fleet management solution mBSP modular braking system platform OptiPace OptiFlow Tail solution OnGuardPLUS AEBS and OnGuardPLUS among others. It sells its products to truck and bus original equipment manufacturers (OEMs) trailer OEMs commercial vehicle aftermarket distributors and car manufacturers.