WABCO Holdings Inc. (WBC) Position Reduced by Point72 Asset Management L.P.

Point72 Asset Management L.P. lessened its stake in WABCO Holdings Inc. (NYSE:WBC) by 48.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,355 shares of the auto parts company’s stock after selling 103,785 shares during the period. Point72 Asset Management L.P. owned 0.20% of WABCO worth $16,185,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WBC. FMR LLC increased its stake in WABCO by 271.4% in the 2nd quarter. FMR LLC now owns 2,292,816 shares of the auto parts company’s stock worth $292,356,000 after buying an additional 1,675,407 shares during the period. Harding Loevner LP increased its stake in WABCO by 163.8% in the 3rd quarter. Harding Loevner LP now owns 2,566,784 shares of the auto parts company’s stock worth $140,660,000 after buying an additional 1,593,796 shares during the period. Goldman Sachs Group Inc. increased its stake in WABCO by 45.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,301,029 shares of the auto parts company’s stock worth $165,894,000 after buying an additional 405,959 shares during the period. Pictet Asset Management Ltd. increased its stake in WABCO by 137.5% in the 3rd quarter. Pictet Asset Management Ltd. now owns 613,700 shares of the auto parts company’s stock worth $90,828,000 after buying an additional 355,300 shares during the period. Finally, Franklin Resources Inc. increased its stake in WABCO by 1,567.3% in the 2nd quarter. Franklin Resources Inc. now owns 236,590 shares of the auto parts company’s stock worth $30,168,000 after buying an additional 222,400 shares during the period. 95.32% of the stock is currently owned by institutional investors.

In other news, Chairman Jacques Esculier sold 172,394 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $151.24, for a total value of $26,072,868.56. Following the sale, the chairman now directly owns 312,079 shares in the company, valued at approximately $47,198,827.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.79% of the stock is currently owned by company insiders.

Several research analysts recently commented on WBC shares. BMO Capital Markets raised their price target on shares of WABCO from $147.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th. Zacks Investment Research downgraded shares of WABCO from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. Robert W. Baird reaffirmed a “buy” rating and issued a $149.00 price target on shares of WABCO in a research note on Thursday, August 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 price target on shares of WABCO in a research note on Thursday, October 12th. Finally, Royal Bank of Canada raised their price target on shares of WABCO to $169.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $159.80.

WABCO Holdings Inc. (NYSE WBC) traded down $2.76 during trading hours on Friday, hitting $140.90. 225,800 shares of the stock were exchanged, compared to its average volume of 410,052. WABCO Holdings Inc. has a twelve month low of $102.39 and a twelve month high of $156.08. The company has a market cap of $7,707.10, a PE ratio of 22.66, a P/E/G ratio of 1.44 and a beta of 1.67. The company has a quick ratio of 2.60, a current ratio of 3.00 and a debt-to-equity ratio of 0.99.

WABCO (NYSE:WBC) last released its quarterly earnings results on Thursday, October 19th. The auto parts company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.18. WABCO had a net margin of 9.75% and a return on equity of 38.93%. The business had revenue of $827.80 million for the quarter, compared to analysts’ expectations of $756.57 million. During the same period last year, the business earned $1.54 EPS. The company’s revenue was up 22.6% compared to the same quarter last year. equities analysts expect that WABCO Holdings Inc. will post 6.65 earnings per share for the current fiscal year.

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WABCO Company Profile

WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers of commercial trucks, buses and trailers, as well as passenger cars. The Company engineers, develops, manufactures and sells braking, stability, suspension and transmission automation and air management systems primarily for commercial vehicles.

Institutional Ownership by Quarter for WABCO (NYSE:WBC)

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