Edgepoint Investment Group Inc decreased its stake in Wabco Hldgs Inc (WBC) by 6.75% based on its latest 2016Q3 regulatory filing with the SEC. Edgepoint Investment Group Inc sold 233,701 shares as the company’s stock rose 26.30% with the market. The institutional investor held 3.23M shares of the auto manufacturing company at the end of 2016Q3, valued at $366.58M, down from 3.46 million at the end of the previous reported quarter. Edgepoint Investment Group Inc who had been investing in Wabco Hldgs Inc for a number of months, seems to be less bullish one the $5.83 billion market cap company. The stock increased 1.37% or $1.44 during the last trading session, hitting $106.55. WABCO Holdings Inc. (NYSE:WBC) has declined 2.69% since June 7, 2016 and is downtrending. It has underperformed by 10.11% the S&P500.
Edgepoint Investment Group Inc, which manages about $6.12 billion US Long portfolio, upped its stake in Eastman Chem Co (NYSE:EMN) by 666,101 shares to 3.67M shares, valued at $248.09 million in 2016Q3, according to the filing. It also increased its holding in Wabtec Corp (NYSE:WAB) by 622,334 shares in the quarter, for a total of 2.37M shares, and has risen its stake in Colliers Intl Group Inc.
Insitutional Activity: The institutional sentiment decreased to 0.97 in Q3 2016. Its down 0.32, from 1.29 in 2016Q2. The ratio dropped, as 36 funds sold all WBC shares owned while 100 reduced positions. 43 funds bought stakes while 89 increased positions. They now own 52.34 million shares or 0.47% less from 52.59 million shares in 2016Q2. Eagle Asset Mgmt last reported 665,368 shares in the company. Us National Bank De accumulated 1,257 shares or 0% of the stock. Dupont Capital Mngmt owns 101,599 shares or 0.26% of their US portfolio. Eventide Asset Management Ltd Liability Co holds 255,600 shares or 1.77% of its portfolio. Moreover, Great West Life Assurance Can has 0.01% invested in WABCO Holdings Inc. (NYSE:WBC) for 16,293 shares. Andra Ap last reported 12,700 shares in the company. Wesbanco Bankshares last reported 2,550 shares in the company. Stockbridge Ptnrs Limited last reported 5.58% of its portfolio in the stock. Engineers Gate Manager L P, a New York-based fund reported 20,069 shares. Moreover, Fjarde Ap has 0.04% invested in WABCO Holdings Inc. (NYSE:WBC) for 15,757 shares. Ubs Asset Americas accumulated 137,567 shares or 0.02% of the stock. Jpmorgan Chase Company has 0.03% invested in the company for 1.03M shares. Korea has 0.03% invested in the company for 43,300 shares. Lombard Odier Asset Mngmt (Usa) last reported 0.07% of its portfolio in the stock. Pacad Invest Limited accumulated 0.03% or 2,100 shares.
Insider Transactions: Since August 8, 2016, the stock had 0 insider purchases, and 2 selling transactions for $165,699 net activity. Rens Nick sold $104,985 worth of stock or 1,000 shares.
Analysts await WABCO Holdings Inc. (NYSE:WBC) to report earnings on February, 9. They expect $1.44 EPS, up 0.70% or $0.01 from last year’s $1.43 per share. WBC’s profit will be $78.79 million for 18.50 P/E if the $1.44 EPS becomes a reality. After $1.54 actual EPS reported by WABCO Holdings Inc. for the previous quarter, Wall Street now forecasts -6.49% negative EPS growth.
More recent WABCO Holdings Inc. (NYSE:WBC) news were published by: Twst.com which released: “WABCO Holdings Inc.: WABCO’s Q4 and Full Year 2016 Earnings Conference Call …” on January 10, 2017. Also Seekingalpha.com published the news titled: “WABCO Holdings Inc.: Buy Its Great Competitive Position” on December 02, 2016. Globenewswire.com‘s news article titled: “WABCO Recognized by Investment Community for Fifth Year in a Row; Esculier …” with publication date: January 11, 2017 was also an interesting one.
According to Zacks Investment Research, “WABCO is one of the world’s leading providers of electronic braking, stability, suspension and transmission control systems for heavy duty commercial vehicles. WABCO products are also increasingly used in luxury cars and sport utility vehicles.”
WABCO Holdings Inc. (NYSE:WBC) Ratings Coverage
Out of 12 analysts covering WABCO Holdings (NYSE:WBC), 7 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 58% are positive. WABCO Holdings has been the topic of 24 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The rating was maintained by Goldman Sachs with “Buy” on Tuesday, April 26. JP Morgan maintained it with “Neutral” rating and $100 target price in Monday, August 15 report. Barclays Capital initiated WABCO Holdings Inc. (NYSE:WBC) rating on Friday, September 25. Barclays Capital has “Equal-Weight” rating and $114 price target. The stock of WABCO Holdings Inc. (NYSE:WBC) earned “Sell” rating by Zacks on Tuesday, September 1. The firm earned “Neutral” rating on Tuesday, June 28 by Piper Jaffray. The firm earned “Sell” rating on Tuesday, September 8 by Zacks. Deutsche Bank maintained WABCO Holdings Inc. (NYSE:WBC) rating on Wednesday, October 12. Deutsche Bank has “Hold” rating and $114 price target. The stock of WABCO Holdings Inc. (NYSE:WBC) earned “Overweight” rating by Barclays Capital on Monday, October 24. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, October 23. Avondale maintained the shares of WBC in a report on Monday, April 25 with “Market Outperform” rating.
WBC Company Profile
WABCO Holdings Inc., incorporated on February 20, 2007, is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers. The Firm engineers, develops, makes and sells integrated systems controlling braking, stability, suspension, transmission automation, as well transmission automation and air management systems for commercial vehicles. The Firm sells its products to truck and bus original equipment manufacturers (OEMs); commercial vehicle aftermarket distributors for replacement parts and services and commercial vehicle fleet operators for management solutions and service; trailer OEMs, and car manufacturers. For passenger cars, including sports utility vehicles (SUVs), the Company supplies products for niche applications. The Firm offers its products in Europe, North America, South America, Asia and other.
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