Edgepoint Investment Group buys $351,252,433 stake in WABCO Holdings (WBC)

WABCO Holdings (WBC) : Edgepoint Investment Group scooped up 413,495 additional shares in WABCO Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 3,462,662 shares of WABCO Holdings which is valued at $351,252,433.WABCO Holdings makes up approximately 5.78% of Edgepoint Investment Group’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management boosted its stake in WBC in the latest quarter, The investment management firm added 21,023 additional shares and now holds a total of 85,833 shares of WABCO Holdings which is valued at $8,706,900. WABCO Holdings makes up approx 0.01% of Blackrock Investment Management’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in WBC in the latest quarter, The investment management firm added 8,749 additional shares and now holds a total of 80,285 shares of WABCO Holdings which is valued at $8,096,742. WABCO Holdings makes up approx 0.02% of State Board Of Administration Of Florida Retirement System’s portfolio.California State Teachers Retirement System reduced its stake in WBC by selling 4,108 shares or 3.54% in the most recent quarter. The Hedge Fund company now holds 111,818 shares of WBC which is valued at $11,092,346. WABCO Holdings makes up approx 0.02% of California State Teachers Retirement System’s portfolio.Daiwa Securities Group reduced its stake in WBC by selling 20,520 shares or 40.59% in the most recent quarter. The Hedge Fund company now holds 30,030 shares of WBC which is valued at $2,999,997. WABCO Holdings makes up approx 0.02% of Daiwa Securities Group’s portfolio. Fox Run Management L.l.c. sold out all of its stake in WBC during the most recent quarter. The investment firm sold 5,000 shares of WBC which is valued $493,600.

WABCO Holdings opened for trading at $104.2 and hit $106.04 on the upside on Friday, eventually ending the session at $105.7, with a gain of 0.95% or 0.99 points. The heightened volatility saw the trading volume jump to 2,78,049 shares. Company has a market cap of $5,897 M.

On the company’s financial health, WABCO Holdings reported $1.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.40. The company had revenue of $732.20 million for the quarter, compared to analysts expectations of $705.10 million. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 EPS.

Many Wall Street Analysts have commented on WABCO Holdings. WABCO Holdings was Downgraded by BofA/Merrill to ” Neutral” on Jul 7, 2016. WABCO Holdings was Downgraded by Piper Jaffray to ” Neutral” on Jun 28, 2016. WABCO Holdings was Downgraded by Goldman to ” Neutral” on Jun 28, 2016.

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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