Ingalls & Snyder LLC lessened its stake in WABCO Holdings Inc. (NYSE:WBC) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,745 shares of the auto parts company’s stock after selling 1,169 shares during the quarter. 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 also recently bought and sold shares of the company. Parallax Volatility Advisers L.P. purchased a new position in shares of WABCO in the 2nd quarter worth about $41,000. Tower Research Capital LLC TRC raised its position in shares of WABCO by 29.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 614 shares of the auto parts company’s stock worth $81,000 after purchasing an additional 139 shares during the last quarter. Massey Quick Simon & CO. LLC raised its position in WABCO by 749.1% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 900 shares of the auto parts company’s stock worth $120,000 after buying an additional 794 shares during the last quarter. ETF Managers Group LLC raised its position in WABCO by 34.6% in the 2nd quarter. ETF Managers Group LLC now owns 1,438 shares of the auto parts company’s stock worth $190,000 after buying an additional 370 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in WABCO by 8.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,009 shares of the auto parts company’s stock worth $269,000 after buying an additional 150 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Hartzer Brian 204,139 shares of the company’s stock in a transaction dated Friday, November 1st. Also, insider Nicolas Bardot sold 371 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $134.87, for a total transaction of $50,036.77. Following the sale, the insider now directly owns 2,682 shares of the company’s stock, valued at approximately $361,721.34. The disclosure for this sale can be found here. 0.58% of the stock is owned by corporate insiders.
Separately, ValuEngine raised WABCO from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Thirteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $137.08.
Shares of NYSE:WBC opened at $135.65 on Thursday. WABCO Holdings Inc. has a fifty-two week low of $108.09 and a fifty-two week high of $146.68. The business has a 50-day simple moving average of $135.29 and a two-hundred day simple moving average of $134.02. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.48 and a current ratio of 3.01. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.19 and a beta of 1.31.
WABCO (NYSE:WBC) last issued its earnings results on Wednesday, November 6th. The auto parts company reported $1.13 earnings per share for the quarter, missing the Zacks’ consensus estimate 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. As a group, research analysts predict that WABCO Holdings Inc. will post 7.33 earnings per share for the current year.
WABCO Company Profile
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.
Featured Article: Pattern Day Trader
Want to see what other hedge funds are holding WBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WABCO Holdings Inc. (NYSE:WBC).
Receive News & Ratings for WABCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WABCO and related companies with MarketBeat.com's FREE daily email newsletter.