Fmr LLC cut its holdings in shares of WABCO Holdings Inc. (NYSE:WBC) by 16.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,128,358 shares of the auto parts company’s stock after selling 411,244 shares during the quarter. Fmr LLC owned about 4.02% of WABCO worth $249,060,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its position in WABCO by 14.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 18,991 shares of the auto parts company’s stock valued at $2,223,000 after purchasing an additional 2,420 shares in the last quarter. Dimensional Fund Advisors LP raised its position in WABCO by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 254,399 shares of the auto parts company’s stock valued at $29,770,000 after purchasing an additional 3,165 shares in the last quarter. Nuance Investments LLC acquired a new stake in WABCO in the 2nd quarter valued at about $9,061,000. Wafra Inc. acquired a new stake in WABCO in the 2nd quarter valued at about $6,990,000. Finally, Standard Life Aberdeen plc acquired a new stake in WABCO in the 2nd quarter valued at about $333,000. Institutional investors and hedge funds own 98.73% of the company’s stock.
A number of equities research analysts have issued reports on the company. ValuEngine raised WABCO from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 10th. Stifel Nicolaus reduced their price target on WABCO from $159.00 to $152.00 and set a “buy” rating on the stock in a research report on Monday, September 24th. Morgan Stanley reduced their price target on WABCO from $159.00 to $144.00 and set an “overweight” rating on the stock in a research report on Friday, July 20th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $160.00 price target on shares of WABCO in a research report on Friday, July 20th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $135.00 price target on shares of WABCO in a research report on Thursday, July 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $132.82.
WBC opened at $107.45 on Thursday. WABCO Holdings Inc. has a one year low of $100.80 and a one year high of $162.20. The stock has a market capitalization of $5.39 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 0.90 and a beta of 1.82. The company has a current ratio of 2.28, a quick ratio of 1.89 and a debt-to-equity ratio of 0.70.
WABCO (NYSE:WBC) last released its quarterly earnings data on Thursday, October 18th. The auto parts company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.19. WABCO had a return on equity of 33.10% and a net margin of 11.62%. The business had revenue of $914.80 million for the quarter, compared to the consensus estimate of $932.66 million. During the same quarter in the prior year, the business posted $1.71 EPS. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, research analysts expect that WABCO Holdings Inc. will post 7.73 earnings per share for the current year.
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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