Seeyond increased its holdings in WABCO Holdings Inc. (NYSE:WBC) by 84.3% in the 2nd quarter, Holdings Channel reports. The fund owned 5,684 shares of the auto parts company’s stock after buying an additional 2,600 shares during the quarter. Seeyond’s holdings in WABCO were worth $754,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Icon Wealth Partners LLC purchased a new stake in shares of WABCO during the 1st quarter valued at about $27,000. FTB Advisors Inc. purchased a new stake in WABCO during the 2nd quarter valued at $31,000. Advisory Services Network LLC purchased a new stake in WABCO during the 2nd quarter valued at $38,000. Kavar Capital Partners LLC bought a new stake in shares of WABCO during the second quarter valued at approximately $43,000. Finally, Manchester Capital Management LLC bought a new stake in shares of WABCO during the first quarter valued at approximately $55,000. Institutional investors own 93.24% of the company’s stock.
In related news, insider Nicolas Bardot sold 750 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $132.00, for a total value of $99,000.00. Following the sale, the insider now owns 3,053 shares in the company, valued at $402,996. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.58% of the company’s stock.
Shares of WABCO stock traded down $0.04 on Friday, hitting $134.43. 3,776 shares of the company traded hands, compared to its average volume of 288,657. The stock has a market capitalization of $6.87 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 1.20 and a beta of 1.38. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.49 and a current ratio of 2.98. WABCO Holdings Inc. has a 52 week low of $98.90 and a 52 week high of $146.68. The business has a 50-day simple moving average of $132.79 and a 200 day simple moving average of $133.22.
WABCO (NYSE:WBC) last released its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.59). The company had revenue of $912.80 million for the quarter, compared to the consensus estimate of $983.88 million. WABCO had a net margin of 9.36% and a return on equity of 27.31%. Research analysts expect that WABCO Holdings Inc. will post 7.42 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.
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