Amalgamated Bank lifted its position in shares of WABCO Holdings, Inc. (NYSE:WBC) by 5.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,126 shares of the auto parts company’s stock after buying an additional 548 shares during the quarter. Amalgamated Bank’s holdings in WABCO were worth $1,453,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Ninepoint Partners LP acquired a new position in WABCO during the fourth quarter worth about $679,000. BancorpSouth Bank acquired a new position in WABCO during the fourth quarter worth about $267,000. Carillon Tower Advisers Inc. acquired a new position in WABCO during the fourth quarter worth about $87,143,000. Logan Capital Management Inc. acquired a new position in WABCO during the fourth quarter worth about $4,795,000. Finally, OppenheimerFunds Inc. raised its stake in WABCO by 17.5% during the fourth quarter. OppenheimerFunds Inc. now owns 171,165 shares of the auto parts company’s stock worth $24,562,000 after acquiring an additional 25,521 shares in the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.
In other news, insider Nicolas Bardot sold 834 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $136.88, for a total transaction of $114,157.92. Following the completion of the transaction, the insider now owns 4,243 shares in the company, valued at approximately $580,781.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by corporate insiders.
NYSE:WBC traded down $3.39 during trading on Monday, reaching $130.48. The company’s stock had a trading volume of 283,438 shares, compared to its average volume of 357,024. The company has a market capitalization of $7,193.57, a PE ratio of 19.02, a price-to-earnings-growth ratio of 1.17 and a beta of 1.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.23 and a quick ratio of 1.93. WABCO Holdings, Inc. has a 12 month low of $111.68 and a 12 month high of $162.20.
WABCO (NYSE:WBC) last announced its quarterly earnings data on Friday, February 16th. The auto parts company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.20. The firm had revenue of $934.00 million during the quarter, compared to the consensus estimate of $900.52 million. WABCO had a return on equity of 37.38% and a net margin of 12.29%. The business’s revenue for the quarter was up 30.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 EPS. sell-side analysts anticipate that WABCO Holdings, Inc. will post 7.6 earnings per share for the current year.
Several brokerages recently commented on WBC. Buckingham Research reiterated a “neutral” rating and issued a $152.00 target price (down from $156.00) on shares of WABCO in a report on Tuesday, February 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 target price (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 began coverage on WABCO in a report on Friday, March 2nd. They set an “overweight” rating and a $159.00 price target on the stock. Finally, BMO Capital Markets restated a “market perform” rating and set a $150.00 price target (down from $160.00) on shares of WABCO in a report on Friday, February 23rd. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $162.13.
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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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