Covey Capital Advisors LLC Has $561,000 Stake in Wabco Holdings Inc. (NYSE:WBC)

Covey Capital Advisors LLC held its stake in Wabco Holdings Inc. (NYSE:WBC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,400 shares of the auto parts company’s stock at the end of the second quarter. Covey Capital Advisors LLC’s holdings in Wabco Holdings were worth $561,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WBC. Concert Wealth Management Inc. raised its holdings in shares of Wabco Holdings by 0.8% during the first quarter. Concert Wealth Management Inc. now owns 2,486 shares of the auto parts company’s stock valued at $266,000 after purchasing an additional 19 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its position in Wabco Holdings by 1.4% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,816 shares of the auto parts company’s stock valued at $448,000 after buying an additional 51 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of Wabco Holdings by 4.7% in the second quarter. Stratos Wealth Partners LTD. now owns 1,983 shares of the auto parts company’s stock worth $253,000 after purchasing an additional 89 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Wabco Holdings by 0.8% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,200 shares of the auto parts company’s stock worth $1,434,000 after purchasing an additional 100 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of Wabco Holdings by 3.3% in the second quarter. Prudential Financial Inc. now owns 3,160 shares of the auto parts company’s stock worth $403,000 after purchasing an additional 100 shares during the period. 97.54% of the stock is owned by institutional investors.

Several equities analysts have recently commented on WBC shares. Zacks Investment Research raised shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $156.00 target price on the stock in a report on Wednesday, August 30th. Deutsche Bank AG raised their price target on shares of Wabco Holdings from $128.00 to $146.00 and gave the company a “hold” rating in a report on Friday, July 21st. Bank of America Corporation restated a “buy” rating and issued a $150.00 price target on shares of Wabco Holdings in a report on Saturday, August 19th. BidaskClub raised shares of Wabco Holdings from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Finally, Piper Jaffray Companies set a $147.00 price objective on shares of Wabco Holdings and gave the company a “buy” rating in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $141.08.

Shares of Wabco Holdings Inc. (NYSE WBC) traded down 0.16% during mid-day trading on Friday, reaching $141.71. 305,450 shares of the company traded hands. The company’s 50 day moving average is $139.37 and its 200 day moving average is $125.38. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 23.64 and a beta of 1.64. Wabco Holdings Inc. has a 52-week low of $96.10 and a 52-week high of $144.98.

Wabco Holdings (NYSE:WBC) last announced its earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.15. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The firm had revenue of $795.00 million for the quarter, compared to the consensus estimate of $759.33 million. During the same quarter in the previous year, the business earned $1.43 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Wabco Holdings Inc. will post $6.27 earnings per share for the current year.

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In other Wabco Holdings news, insider Mazen Mazraani sold 1,512 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $140.00, for a total value of $211,680.00. Following the transaction, the insider now owns 6,104 shares in the company, valued at $854,560. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Juergen Gromer sold 7,127 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $138.00, for a total value of $983,526.00. Following the completion of the transaction, the director now owns 969 shares in the company, valued at approximately $133,722. The disclosure for this sale can be found here. Insiders sold a total of 14,054 shares of company stock worth $1,952,903 in the last three months. Company insiders own 0.79% of the company’s stock.

Wabco Holdings Company Profile

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.

Institutional Ownership by Quarter for Wabco Holdings (NYSE:WBC)

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