Arrowstreet Capital Limited Partnership increased its position in WABCO Holdings Inc. (NYSE:WBC) by 237.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 236,463 shares of the auto parts company’s stock after buying an additional 166,413 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.44% of WABCO worth $33,932,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. UBS Asset Management Americas Inc. raised its position in shares of WABCO by 5.8% in the 4th quarter. UBS Asset Management Americas Inc. now owns 180,598 shares of the auto parts company’s stock worth $25,916,000 after buying an additional 9,898 shares during the period. BlackRock Inc. raised its position in shares of WABCO by 5.0% in the 4th quarter. BlackRock Inc. now owns 2,728,066 shares of the auto parts company’s stock worth $391,476,000 after buying an additional 129,597 shares during the period. Montag A & Associates Inc. purchased a new position in shares of WABCO in the 4th quarter worth $2,196,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of WABCO in the 4th quarter worth $278,000. Finally, Eagle Asset Management Inc. raised its position in shares of WABCO by 15.7% in the 4th quarter. Eagle Asset Management Inc. now owns 791,673 shares of the auto parts company’s stock worth $113,789,000 after buying an additional 107,538 shares during the period.
Several research analysts recently weighed in on WBC shares. Zacks Investment Research raised WABCO from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a research report on Saturday, January 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 target price (down from $162.00) on shares of WABCO in a research report on Tuesday. ValuEngine lowered WABCO from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Buckingham Research reissued a “neutral” rating and issued a $152.00 price objective (down from $156.00) on shares of WABCO in a research report on Tuesday. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. WABCO presently has a consensus rating of “Buy” and an average price target of $163.07.
WABCO Holdings Inc. (WBC) opened at $140.24 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.00 and a quick ratio of 2.60. WABCO Holdings Inc. has a 52-week low of $110.52 and a 52-week high of $162.20. The company has a market capitalization of $7,561.12, a PE ratio of 18.67, a price-to-earnings-growth ratio of 1.24 and a beta of 1.77.
WABCO (NYSE:WBC) last released its quarterly earnings data on Friday, February 16th. The auto parts company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.80 by $0.20. WABCO had a return on equity of 40.17% and a net margin of 12.29%. The company had revenue of $934.00 million for the quarter, compared to analyst estimates of $900.52 million. During the same period last year, the company posted $1.47 earnings per share. The firm’s revenue was up 30.9% compared to the same quarter last year. equities research analysts anticipate that WABCO Holdings Inc. will post 7.57 EPS for the current fiscal year.
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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.
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