Pensionfund Sabic adds WABCO Holdings (WBC) to its portfolio

WABCO Holdings (WBC) : Pensionfund Sabic added new position in WABCO Holdings during the most recent quarter end. The investment management firm now holds 15,000 shares of WABCO Holdings which is valued at $1,656,900 , the company said in a statement filed on Oct 12, 2016 with the SEC.WABCO Holdings makes up approximately 0.51% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Advisory Services Network added WBC to its portfolio by purchasing 7,250 company shares during the most recent quarter which is valued at $809,825. WABCO Holdings makes up approx 0.15% of Advisory Services Network’s portfolio. Simplex Trading sold out all of its stake in WBC during the most recent quarter. The investment firm sold 316 shares of WBC which is valued $35,297. Washington Trust Bank added WBC to its portfolio by purchasing 7 company shares during the most recent quarter which is valued at $792.

WABCO Holdings closed down -1.39 points or -1.24% at $110.46 with 5,20,054 shares getting traded on Tuesday. Post opening the session at $111.8, the shares hit an intraday low of $109.84 and an intraday high of $112 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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. Deutsche Bank Initiated WABCO Holdings on Sep 7, 2016 to “Hold”, Price Target of the shares are set at $113.

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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