Lodge Hill Capital LLC cut its stake in shares of WABCO Holdings Inc. (NYSE:WBC) by 70.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 136,620 shares of the auto parts company’s stock after selling 322,500 shares during the quarter. WABCO makes up approximately 1.2% of Lodge Hill Capital LLC’s holdings, making the stock its 14th biggest position. Lodge Hill Capital LLC owned about 0.26% of WABCO worth $15,987,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in WABCO in the 2nd quarter worth approximately $106,000. Next Century Growth Investors LLC bought a new position in WABCO in the 1st quarter worth approximately $112,000. Zions Bancorporation bought a new position in WABCO in the 2nd quarter worth approximately $154,000. Point72 Asia Hong Kong Ltd bought a new position in WABCO in the 1st quarter worth approximately $170,000. Finally, First Mercantile Trust Co. boosted its stake in WABCO by 94.7% in the 1st quarter. First Mercantile Trust Co. now owns 1,328 shares of the auto parts company’s stock worth $178,000 after purchasing an additional 646 shares during the period.
Several research analysts have weighed in on WBC shares. Zacks Investment Research downgraded WABCO from a “buy” rating to a “hold” rating in a research note on Saturday, July 7th. Morgan Stanley dropped their price target on WABCO from $159.00 to $144.00 and set an “overweight” rating for the company in a research note on Friday, July 20th. Stifel Nicolaus set a $159.00 price target on WABCO and gave the stock a “buy” rating in a research note on Friday, July 20th. Mizuho started coverage on WABCO in a research note on Thursday, June 28th. They issued a “neutral” rating and a $130.00 price target for the company. Finally, ValuEngine upgraded WABCO from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $157.71.
Shares of WBC opened at $122.31 on Wednesday. The company has a market cap of $6.51 billion, a PE ratio of 17.83, a PEG ratio of 1.08 and a beta of 1.84. WABCO Holdings Inc. has a 1 year low of $113.00 and a 1 year high of $162.20. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.07 and a current ratio of 2.48.
WABCO (NYSE:WBC) last issued its quarterly earnings data on Thursday, July 19th. The auto parts company reported $2.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.10. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $989.16 million. WABCO had a return on equity of 34.37% and a net margin of 11.77%. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.69 EPS. equities analysts forecast that WABCO Holdings Inc. will post 7.63 EPS 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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