Grantham Mayo Van Otterloo buys $240.6 Million stake in WABCO Holdings (WBC)

WABCO Holdings (WBC) : Grantham Mayo Van Otterloo scooped up 843,784 additional shares in WABCO Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,320,236 shares of WABCO Holdings which is valued at $240.6 Million.WABCO Holdings makes up approximately 0.91% of Grantham Mayo Van Otterloo’s portfolio.

Other Hedge Funds, Including , Pictet Asset Management Ltd boosted its stake in WBC in the latest quarter, The investment management firm added 85,860 additional shares and now holds a total of 144,860 shares of WABCO Holdings which is valued at $15 Million. WABCO Holdings makes up approx 0.06% of Pictet Asset Management Ltd’s portfolio.Bb&t Securities boosted its stake in WBC in the latest quarter, The investment management firm added 333 additional shares and now holds a total of 16,237 shares of WABCO Holdings which is valued at $1.7 Million. WABCO Holdings makes up approx 0.03% of Bb&t Securities’s portfolio.Daiwa Securities Group reduced its stake in WBC by selling 23,810 shares or 32.02% in the most recent quarter. The Hedge Fund company now holds 50,550 shares of WBC which is valued at $5.2 Million. WABCO Holdings makes up approx 0.03% of Daiwa Securities Group’s portfolio.Tocqueville Asset Management boosted its stake in WBC in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 8,050 shares of WABCO Holdings which is valued at $902,888. WABCO Holdings makes up approx 0.01% of Tocqueville Asset Management’s portfolio.

WABCO Holdings opened for trading at $103.27 and hit $106.25 on the upside on Wednesday, eventually ending the session at $105.51, with a gain of 2.77% or 2.84 points. The heightened volatility saw the trading volume jump to 5,57,411 shares. Company has a market cap of $5,935 M.

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.

Leave a Reply

WABCO Holdings - Is it time to Sell?

Top Brokerage Firms are advising their investors on WABCO Holdings. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.