Engineers Gate Manager LP Has $5.09 Million Position in WABCO Holdings Inc. (WBC)

Engineers Gate Manager LP reduced its holdings in WABCO Holdings Inc. (NYSE:WBC) by 15.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 43,166 shares of the auto parts company’s stock after selling 8,161 shares during the quarter. Engineers Gate Manager LP’s holdings in WABCO were worth $5,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of WABCO during the 2nd quarter valued at $106,000. Fort L.P. acquired a new position in shares of WABCO during the 2nd quarter valued at $118,000. Zions Bancorporation acquired a new position in shares of WABCO during the 2nd quarter valued at $154,000. CIBC World Markets Inc. acquired a new position in shares of WABCO during the 1st quarter valued at $214,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of WABCO during the 2nd quarter valued at $248,000. Hedge funds and other institutional investors own 98.73% of the company’s stock.

WBC has been the topic of several research analyst reports. Wolfe Research upgraded WABCO from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 5th. Bank of America cut WABCO from a “buy” rating to an “underperform” rating and lowered their price target for the company from $130.00 to $95.00 in a research report on Wednesday, October 17th. Buckingham Research set a $125.00 price target on WABCO and gave the company a “hold” rating in a research report on Thursday, September 13th. Morgan Stanley set a $135.00 price target on WABCO and gave the company a “buy” rating in a research report on Thursday, September 13th. Finally, Piper Jaffray Companies set a $153.00 price target on WABCO and gave the company a “buy” rating in a research report on Wednesday, September 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. WABCO presently has a consensus rating of “Hold” and an average target price of $132.82.

WBC opened at $109.77 on Friday. The firm has a market cap of $5.73 billion, a PE ratio of 16.00, a P/E/G ratio of 0.95 and a beta of 1.79. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.28 and a quick ratio of 1.89. WABCO Holdings Inc. has a fifty-two week low of $100.80 and a fifty-two week high of $162.20.

WABCO (NYSE:WBC) last released its quarterly earnings data on Thursday, October 18th. The auto parts company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.19. The business had revenue of $914.80 million during the quarter, compared to analyst estimates of $932.66 million. WABCO had a return on equity of 33.10% and a net margin of 11.62%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $1.71 EPS. Equities research analysts forecast that WABCO Holdings Inc. will post 7.73 earnings per share for the current fiscal year.

About WABCO

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.

Featured Story: New Google Finance Tool and Screening Stocks

Want to see what other hedge funds are holding WBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WABCO Holdings Inc. (NYSE:WBC).

Institutional Ownership by Quarter for WABCO (NYSE:WBC)

Receive News & Ratings for WABCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WABCO and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply