Alps Advisors Inc. lifted its stake in WABCO Holdings Inc. (NYSE:WBC) by 28.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,189 shares of the auto parts company’s stock after purchasing an additional 918 shares during the period. Alps Advisors Inc.’s holdings in WABCO were worth $494,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Gideon Capital Advisors Inc. boosted its holdings in WABCO by 67.9% in the second quarter. Gideon Capital Advisors Inc. now owns 4,321 shares of the auto parts company’s stock valued at $506,000 after purchasing an additional 1,748 shares during the period. Swiss National Bank boosted its holdings in WABCO by 9.0% in the second quarter. Swiss National Bank now owns 177,600 shares of the auto parts company’s stock valued at $20,783,000 after purchasing an additional 14,700 shares during the period. Renaissance Technologies LLC boosted its holdings in WABCO by 126.7% in the second quarter. Renaissance Technologies LLC now owns 366,500 shares of the auto parts company’s stock valued at $42,888,000 after purchasing an additional 204,800 shares during the period. Wafra Inc. purchased a new position in WABCO in the second quarter valued at $6,990,000. Finally, Putnam Investments LLC purchased a new position in WABCO in the second quarter valued at $5,104,000. Hedge funds and other institutional investors own 98.02% of the company’s stock.
Shares of NYSE WBC opened at $112.35 on Wednesday. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 0.95 and a beta of 1.79. The company has a quick ratio of 1.89, a current ratio of 2.28 and a debt-to-equity ratio of 0.70. WABCO Holdings Inc. has a 1 year low of $100.80 and a 1 year high of $162.20.
WABCO (NYSE:WBC) last posted its earnings results on Thursday, October 18th. The auto parts company reported $1.78 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.19. WABCO had a return on equity of 33.10% and a net margin of 11.62%. The business had revenue of $914.80 million for the quarter, compared to analysts’ expectations of $932.66 million. During the same quarter in the previous year, the firm earned $1.71 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. On average, equities research analysts expect that WABCO Holdings Inc. will post 7.73 EPS for the current fiscal year.
A number of research analysts recently issued reports on WBC shares. Wolfe Research upgraded WABCO from a “peer perform” rating to an “outperform” rating in a report on Friday, October 5th. Bank of America downgraded WABCO from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $130.00 to $95.00 in a report on Wednesday, October 17th. Buckingham Research set a $125.00 price target on WABCO and gave the stock a “hold” rating in a report on Thursday, September 13th. Morgan Stanley set a $135.00 price target on WABCO and gave the stock a “buy” rating in a report on Thursday, September 13th. Finally, Piper Jaffray Companies set a $153.00 price target on WABCO and gave the stock a “buy” rating in a report on Wednesday, September 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. WABCO currently has a consensus rating of “Hold” and a consensus price target of $132.82.
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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, transmission automation, and air management systems primarily for commercial vehicles.
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