WABCO Holdings Inc. (NYSE:WBC) Shares Sold by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC lowered its position in shares of WABCO Holdings Inc. (NYSE:WBC) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,196 shares of the auto parts company’s stock after selling 1,677 shares during the period. Frontier Capital Management Co. LLC owned 0.15% of WABCO worth $11,795,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of WBC. Zions Bancorporation acquired a new stake in shares of WABCO during the 3rd quarter valued at $179,000. Brown Advisory Inc. acquired a new stake in shares of WABCO during the 3rd quarter valued at $202,000. Cadence Capital Management LLC acquired a new position in WABCO during the 3rd quarter worth about $207,000. Massey Quick Simon & CO. LLC lifted its holdings in WABCO by 855.3% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 1,452 shares of the auto parts company’s stock worth $215,000 after buying an additional 1,300 shares during the period. Finally, Laurion Capital Management LP acquired a new position in WABCO during the 2nd quarter worth about $242,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Shares of WABCO Holdings Inc. (NYSE WBC) traded up $1.99 during midday trading on Wednesday, hitting $143.22. The stock had a trading volume of 322,230 shares, compared to its average volume of 319,354. WABCO Holdings Inc. has a 12-month low of $110.52 and a 12-month high of $162.20. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.00 and a quick ratio of 2.60. The stock has a market cap of $7,580.00, a P/E ratio of 25.52, a PEG ratio of 1.23 and a beta of 1.76.

Several research analysts have commented on the company. Zacks Investment Research downgraded WABCO from a “buy” rating to a “hold” rating in a report on Sunday, January 21st. BMO Capital Markets boosted their price objective on WABCO from $147.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Royal Bank of Canada boosted their price objective on WABCO to $169.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Buckingham Research boosted their price objective on WABCO from $148.00 to $154.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. Finally, Bank of America boosted their price objective on WABCO from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $160.67.

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About WABCO

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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