Alps Advisors Inc. lifted its stake in WABCO Holdings Inc. (NYSE:WBC) by 28.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,189 shares of the auto parts company’s stock after purchasing an additional 918 shares during the quarter. Alps Advisors Inc.’s holdings in WABCO were worth $494,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. EdgePoint Investment Group Inc. increased its holdings in shares of WABCO by 8.6% in the second quarter. EdgePoint Investment Group Inc. now owns 3,490,757 shares of the auto parts company’s stock valued at $408,488,000 after purchasing an additional 277,145 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of WABCO by 9.5% in the second quarter. American Century Companies Inc. now owns 2,178,522 shares of the auto parts company’s stock valued at $254,931,000 after purchasing an additional 188,850 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in WABCO by 2.4% during the second quarter. Artisan Partners Limited Partnership now owns 1,821,868 shares of the auto parts company’s stock worth $213,195,000 after acquiring an additional 42,193 shares during the last quarter. First Manhattan Co. increased its stake in WABCO by 32.6% during the third quarter. First Manhattan Co. now owns 1,015,919 shares of the auto parts company’s stock worth $119,817,000 after acquiring an additional 249,839 shares during the last quarter. Finally, Boston Partners increased its stake in WABCO by 2.6% during the second quarter. Boston Partners now owns 1,009,709 shares of the auto parts company’s stock worth $118,156,000 after acquiring an additional 25,299 shares during the last quarter. 98.02% of the stock is owned by hedge funds and other institutional investors.
Several research firms have issued reports on WBC. ValuEngine raised WABCO from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 10th. Stifel Nicolaus cut their target price on WABCO from $159.00 to $152.00 and set a “buy” rating for the company in a research note on Monday, September 24th. Morgan Stanley cut their target price on WABCO from $159.00 to $144.00 and set an “overweight” rating for the company in a research note on Friday, July 20th. Royal Bank of Canada reissued a “buy” rating and set a $160.00 target price on shares of WABCO in a research note on Friday, July 20th. Finally, BMO Capital Markets reissued a “hold” rating and set a $135.00 target price on shares of WABCO in a research note on Thursday, July 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $132.82.
WBC stock opened at $112.35 on Wednesday. The company has a quick ratio of 1.89, a current ratio of 2.28 and a debt-to-equity ratio of 0.70. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 0.95 and a beta of 1.79. WABCO Holdings Inc. has a 52-week low of $100.80 and a 52-week high of $162.20.
WABCO (NYSE:WBC) last released its quarterly earnings results on Thursday, October 18th. The auto parts company reported $1.78 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $932.66 million. During the same period last year, the business posted $1.71 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. As a group, equities research analysts anticipate that WABCO Holdings Inc. will post 7.73 earnings per share for the current fiscal 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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