Canada Pension Plan Investment Board reduced its stake in WABCO Holdings Inc. (NYSE:WBC) by 13.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,500 shares of the auto parts company’s stock after selling 11,713 shares during the period. Canada Pension Plan Investment Board’s holdings in WABCO were worth $9,140,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in WABCO in the second quarter valued at approximately $106,000. Fort L.P. acquired a new position in WABCO in the second quarter valued at approximately $118,000. Zions Bancorporation acquired a new position in WABCO in the second quarter valued at approximately $154,000. Stratos Wealth Partners LTD. acquired a new position in WABCO in the third quarter valued at approximately $167,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in WABCO in the second quarter valued at approximately $248,000. Institutional investors own 97.63% of the company’s stock.
Shares of NYSE WBC opened at $111.65 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.28 and a quick ratio of 1.89. The company has a market cap of $5.93 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 0.98 and a beta of 1.82. WABCO Holdings Inc. has a 12-month low of $100.80 and a 12-month high of $162.20.
WABCO (NYSE:WBC) last issued its quarterly earnings data on Thursday, October 18th. The auto parts company reported $1.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.19. The business had revenue of $914.80 million during the quarter, compared to the consensus estimate of $932.66 million. WABCO had a return on equity of 33.10% and a net margin of 11.62%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.71 earnings per share. On average, analysts predict that WABCO Holdings Inc. will post 7.73 earnings per share for the current year.
A number of brokerages have commented on WBC. Stifel Nicolaus decreased their target price on WABCO from $159.00 to $152.00 and set a “buy” rating for the company in a research note on Monday, September 24th. Bank of America reduced their price objective on WABCO from $148.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, September 14th. Buckingham Research set a $125.00 price objective on WABCO and gave the stock a “hold” rating in a research report on Thursday, September 13th. Piper Jaffray Companies set a $153.00 price objective on WABCO and gave the stock a “buy” rating in a research report on Wednesday, September 19th. Finally, Robert W. Baird reduced their price objective on WABCO from $120.00 to $119.00 and set a “neutral” rating for the company in a research report on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $132.82.
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WABCO Company Profile
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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