Driehaus Capital Management LLC trimmed its holdings in WABCO Holdings Inc. (NYSE:WBC) by 35.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,791 shares of the auto parts company’s stock after selling 5,366 shares during the quarter. Driehaus Capital Management LLC’s holdings in WABCO were worth $1,405,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in shares of WABCO in the fourth quarter valued at about $129,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of WABCO by 114.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 935 shares of the auto parts company’s stock valued at $134,000 after buying an additional 500 shares during the last quarter. American International Group Inc. bought a new position in shares of WABCO in the fourth quarter valued at about $172,000. Zions Bancorporation bought a new position in shares of WABCO in the third quarter valued at about $179,000. Finally, Brown Advisory Inc. bought a new position in shares of WABCO in the third quarter valued at about $202,000. 97.03% of the stock is owned by institutional investors and hedge funds.
WBC has been the subject of a number of research analyst reports. Buckingham Research reaffirmed a “neutral” rating and issued a $152.00 price target (down from $156.00) on shares of WABCO in a report on Tuesday, February 20th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 price target (down from $162.00) on shares of WABCO in a report on Tuesday, February 20th. Zacks Investment Research cut WABCO from a “buy” rating to a “hold” rating in a report on Sunday, January 21st. Morgan Stanley initiated coverage on WABCO in a report on Friday, March 2nd. They issued an “overweight” rating and a $159.00 price target for the company. Finally, ValuEngine cut WABCO from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $162.13.
Shares of WABCO Holdings Inc. (WBC) opened at $140.43 on Wednesday. The firm has a market capitalization of $7,390.00, a PE ratio of 12.61, a price-to-earnings-growth ratio of 1.25 and a beta of 1.80. WABCO Holdings Inc. has a twelve month low of $111.68 and a twelve month high of $162.20. The company has a current ratio of 2.23, a quick ratio of 1.93 and a debt-to-equity ratio of 0.85.
WABCO (NYSE:WBC) last announced its quarterly earnings data on Friday, February 16th. The auto parts company reported $2.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.20. The firm had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $900.52 million. WABCO had a return on equity of 37.38% and a net margin of 12.29%. The company’s quarterly revenue was up 30.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.47 EPS. equities analysts anticipate that WABCO Holdings Inc. will post 7.6 earnings per share for the current fiscal year.
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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