Southpoint Capital Advisors LP lowered its holdings in WABCO Holdings Inc. (NYSE:WBC) by 30.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 350,000 shares of the auto parts company’s stock after selling 150,000 shares during the period. WABCO makes up 2.4% of Southpoint Capital Advisors LP’s portfolio, making the stock its 20th biggest position. Southpoint Capital Advisors LP owned about 0.65% of WABCO worth $50,225,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of WBC. Harding Loevner LP increased its stake in shares of WABCO by 163.8% in the third quarter. Harding Loevner LP now owns 2,566,784 shares of the auto parts company’s stock worth $140,660,000 after acquiring an additional 1,593,796 shares during the last quarter. Carillon Tower Advisers Inc. acquired a new position in WABCO during the fourth quarter worth $87,143,000. Alliancebernstein L.P. increased its position in WABCO by 131.4% during the fourth quarter. Alliancebernstein L.P. now owns 973,317 shares of the auto parts company’s stock worth $139,671,000 after buying an additional 552,628 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new position in WABCO during the fourth quarter worth $42,961,000. Finally, Renaissance Technologies LLC increased its position in WABCO by 347.0% during the fourth quarter. Renaissance Technologies LLC now owns 374,604 shares of the auto parts company’s stock worth $53,756,000 after buying an additional 290,804 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of WABCO Holdings Inc. (NYSE:WBC) opened at $143.02 on Monday. The company has a quick ratio of 1.93, a current ratio of 2.23 and a debt-to-equity ratio of 0.85. The firm has a market cap of $7,685.25, a P/E ratio of 20.82, a P/E/G ratio of 1.25 and a beta of 1.80. WABCO Holdings Inc. has a fifty-two week low of $111.68 and a fifty-two week high of $162.20.
In related news, insider Nicolas Bardot sold 834 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $136.88, for a total value of $114,157.92. Following the completion of the sale, the insider now owns 4,243 shares of the company’s stock, valued at $580,781.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.79% of the company’s stock.
WBC has been the topic of several research analyst reports. Morgan Stanley initiated coverage on WABCO in a research report on Friday, March 2nd. They issued an “overweight” rating and a $159.00 price target on the stock. Zacks Investment Research upgraded shares of WABCO from a “hold” rating to a “buy” rating and set a $161.00 target price for the company in a research note on Thursday, December 28th. ValuEngine cut shares of WABCO from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 target price (down previously from $162.00) on shares of WABCO in a research note on Tuesday, February 20th. Finally, Buckingham Research reiterated a “neutral” rating and issued a $152.00 target price (down previously from $156.00) on shares of WABCO in a research note on Tuesday, February 20th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $162.13.
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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.
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