Candriam Luxembourg S.C.A. lessened its holdings in shares of WABCO Holdings Inc. (NYSE:WBC) by 88.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,728 shares of the auto parts company’s stock after selling 53,000 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in WABCO were worth $722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. ETF Managers Group LLC raised its position in shares of WABCO by 17.8% during the 4th quarter. ETF Managers Group LLC now owns 991 shares of the auto parts company’s stock valued at $106,000 after purchasing an additional 150 shares during the period. Daiwa Securities Group Inc. raised its position in shares of WABCO by 9.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,720 shares of the auto parts company’s stock valued at $185,000 after purchasing an additional 150 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of WABCO by 1.8% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 9,795 shares of the auto parts company’s stock valued at $1,051,000 after purchasing an additional 173 shares during the period. IFM Investors Pty Ltd raised its position in shares of WABCO by 6.8% during the 4th quarter. IFM Investors Pty Ltd now owns 2,981 shares of the auto parts company’s stock valued at $320,000 after purchasing an additional 189 shares during the period. Finally, Athena Capital Advisors LLC bought a new stake in shares of WABCO during the 4th quarter valued at $27,000.
In other WABCO news, insider Nicolas Bardot sold 1,145 shares of WABCO stock in a transaction on Monday, February 25th. The shares were sold at an average price of $120.93, for a total value of $138,464.85. Following the completion of the transaction, the insider now directly owns 4,546 shares of the company’s stock, valued at approximately $549,747.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.48% of the company’s stock.
Several brokerages have recently commented on WBC. Stifel Nicolaus downgraded shares of WABCO from a “buy” rating to a “hold” rating and set a $137.00 price objective on the stock. in a research report on Thursday. Buckingham Research set a $136.00 price objective on shares of WABCO and gave the company a “hold” rating in a research report on Thursday. Piper Jaffray Companies downgraded shares of WABCO from an “overweight” rating to a “neutral” rating and set a $137.00 price objective on the stock. in a research report on Thursday. Stephens downgraded shares of WABCO from an “overweight” rating to an “equal weight” rating and set a $137.00 price objective on the stock. in a research report on Thursday. Finally, ValuEngine upgraded shares of WABCO from a “hold” rating to a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $135.33.
Shares of NYSE WBC opened at $131.48 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.48 and a current ratio of 3.01. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 16.71, a P/E/G ratio of 1.22 and a beta of 1.62. WABCO Holdings Inc. has a 52-week low of $98.90 and a 52-week high of $146.68.
WABCO (NYSE:WBC) last announced its quarterly earnings results on Friday, February 15th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.14. The company had revenue of $911.60 million for the quarter, compared to the consensus estimate of $963.33 million. WABCO had a net margin of 10.29% and a return on equity of 32.91%. WABCO’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.00 EPS. On average, equities analysts forecast that WABCO Holdings Inc. will post 7.8 earnings per share for the current year.
WABCO declared that its Board of Directors has approved a share repurchase program on Monday, December 10th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the auto parts company to repurchase up to 10.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
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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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