Pensionfund Dsm Netherlands buys $3.4 Million stake in WABCO Holdings (WBC)

WABCO Holdings (WBC) : Pensionfund Dsm Netherlands scooped up 3,500 additional shares in WABCO Holdings during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 32,500 shares of WABCO Holdings which is valued at $3.4 Million.WABCO Holdings makes up approximately 0.47% of Pensionfund Dsm Netherlands’s portfolio.

Other Hedge Funds, Including ,

On the company’s financial health, WABCO Holdings reported $1.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $1.34. The company had revenue of $670.60 million for the quarter, compared to analysts expectations of $656.02 million. The company’s revenue was down -1.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.38 EPS.

Many Wall Street Analysts have commented on WABCO Holdings. 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 .Company shares were Reiterated by Stifel on Apr 4, 2016 to “Buy”, Firm has raised the Price Target to $ 121 from a previous price target of $111 .WABCO Holdings was Upgraded by BofA/Merrill to ” Buy” on Mar 14, 2016.

WABCO Holdings opened for trading at $105.47 and hit $106.945 on the upside on Monday, eventually ending the session at $105.73, with a gain of 0.78% or 0.82 points. The heightened volatility saw the trading volume jump to 3,23,402 shares. Company has a market cap of $6,006 M.

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.

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