Wabco Holdings Inc. (NYSE:WBC) Shares is Attracting Smart Money

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Wabco Holdings Inc. (NYSE:WBC) reported that Edgepoint Investment Group Inc. has picked up 3,110,187 of common stock as of 2017-02-14.

The acquisition brings the aggregate amount owned by Edgepoint Investment Group Inc. to a total of 3,110,187 representing a 5.6% stake in the company.

For those not familiar with the company, WABCO Holdings Inc. is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers. The Company engineers, develops, manufactures and sells systems controlling braking, stability, suspension, transmission automation, as well transmission automation and air management systems for commercial vehicles. It 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 Company’s products include anti-lock braking systems (ABS), electronic braking systems (EBS), electronic stability control (ESC), brake controls, automated manual transmission systems, air disc brakes and a range of conventional mechanical products.

A glance at Wabco Holdings Inc. (NYSE:WBC)’s key stats reveals a current market capitalization of 6.31 billion based on 55.09 million shares outstanding and a price at last close of $115.74 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2015-08-19, Keizer picked up 200 at a purchase price of $119.61. This brings their total holding to 805 as of the date of the filing.

On the sell side, the most recent transaction saw Rens unload 390 shares at a sale price of $105.01. This brings their total holding to 8,665.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Wabco Holdings Inc. (NYSE:WBC) as things move forward to see if its progress aligns with these transactions.

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