Wells Fargo & Company MN cut its holdings in WABCO Holdings Inc. (NYSE:WBC) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 876,933 shares of the auto parts company’s stock after selling 22,912 shares during the quarter. Wells Fargo & Company MN owned about 1.68% of WABCO worth $103,425,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of WBC. Villere ST Denis J & Co. LLC purchased a new stake in shares of WABCO in the third quarter valued at about $64,762,000. Assenagon Asset Management S.A. lifted its holdings in shares of WABCO by 5,791.4% in the second quarter. Assenagon Asset Management S.A. now owns 316,429 shares of the auto parts company’s stock valued at $37,029,000 after purchasing an additional 311,058 shares in the last quarter. EdgePoint Investment Group Inc. lifted its stake in shares of WABCO by 8.6% during the second quarter. EdgePoint Investment Group Inc. now owns 3,490,757 shares of the auto parts company’s stock valued at $408,488,000 after buying an additional 277,145 shares during the period. First Manhattan Co. lifted its stake in shares of WABCO by 32.6% during the third quarter. First Manhattan Co. now owns 1,015,919 shares of the auto parts company’s stock valued at $119,817,000 after buying an additional 249,839 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of WABCO by 126.7% during the second quarter. Renaissance Technologies LLC now owns 366,500 shares of the auto parts company’s stock valued at $42,888,000 after buying an additional 204,800 shares during the period. Institutional investors own 97.63% of the company’s stock.
NYSE WBC traded down $7.84 during trading hours on Wednesday, reaching $113.59. 482,619 shares of the company traded hands, compared to its average volume of 344,768. WABCO Holdings Inc. has a 12 month low of $100.80 and a 12 month high of $162.20. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.28 and a quick ratio of 1.89. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 1.05 and a beta of 1.82.
WABCO (NYSE:WBC) last posted its quarterly earnings data on Thursday, October 18th. The auto parts company reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.19. WABCO had a net margin of 11.62% and a return on equity of 33.10%. The firm had revenue of $914.80 million for the quarter, compared to the consensus estimate of $932.66 million. During the same period in the prior year, the firm posted $1.71 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. As a group, analysts anticipate that WABCO Holdings Inc. will post 7.73 EPS for the current year.
WBC has been the topic of several recent analyst reports. Robert W. Baird downgraded shares of WABCO from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 12th. Morgan Stanley set a $135.00 price target on shares of WABCO and gave the stock a “buy” rating in a research note on Thursday, September 13th. Buckingham Research set a $125.00 price objective on shares of WABCO and gave the stock a “hold” rating in a research report on Thursday, September 13th. BMO Capital Markets reissued a “hold” rating and issued a $130.00 price objective (down previously from $135.00) on shares of WABCO in a research report on Friday, September 14th. Finally, Bank of America dropped their price objective on shares of WABCO from $148.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, September 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $132.82.
WABCO Company Profile
WABCO Holdings Inc, together with its subsidiaries, supplies electronic, mechanical, electro-mechanical, and aerodynamic products worldwide. The company engineers, develops, manufactures, and sells braking, stability, suspension, transmission automation, and air management systems primarily for commercial vehicles.
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