Ingalls & Snyder LLC trimmed its position in shares of WABCO Holdings Inc. (NYSE:WBC) by 14.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,745 shares of the auto parts company’s stock after selling 1,169 shares during the period. Ingalls & Snyder LLC’s holdings in WABCO were worth $914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Parallax Volatility Advisers L.P. purchased a new stake in WABCO during the 2nd quarter valued at $41,000. Tower Research Capital LLC TRC raised its holdings in WABCO by 29.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 614 shares of the auto parts company’s stock valued at $81,000 after buying an additional 139 shares during the period. Massey Quick Simon & CO. LLC raised its holdings in WABCO by 749.1% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 900 shares of the auto parts company’s stock valued at $120,000 after buying an additional 794 shares during the period. ETF Managers Group LLC raised its holdings in WABCO by 34.6% during the 2nd quarter. ETF Managers Group LLC now owns 1,438 shares of the auto parts company’s stock valued at $190,000 after buying an additional 370 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in WABCO by 8.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,009 shares of the auto parts company’s stock valued at $269,000 after buying an additional 150 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.
WBC stock opened at $135.65 on Thursday. The company has a quick ratio of 2.48, a current ratio of 3.01 and a debt-to-equity ratio of 0.61. The business’s fifty day simple moving average is $135.29 and its two-hundred day simple moving average is $134.02. WABCO Holdings Inc. has a twelve month low of $108.09 and a twelve month high of $146.68. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.19 and a beta of 1.31.
WABCO (NYSE:WBC) last released its earnings results on Wednesday, November 6th. The auto parts company reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.62). WABCO had a return on equity of 23.60% and a net margin of 9.20%. The business had revenue of $798.40 million during the quarter, compared to analysts’ expectations of $798.40 million. Research analysts expect that WABCO Holdings Inc. will post 7.33 EPS for the current year.
In other WABCO news, insider Hartzer Brian 204,139 shares of the stock in a transaction that occurred on Friday, November 1st. Also, insider Nicolas Bardot sold 371 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $134.87, for a total value of $50,036.77. Following the completion of the sale, the insider now owns 2,682 shares in the company, valued at approximately $361,721.34. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.
Separately, ValuEngine upgraded WABCO from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Thirteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $137.08.
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, steering, transmission automation, and air management systems primarily for commercial vehicles.
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