We Are One Seven LLC Takes Position in WABCO Holdings Inc. (WBC)

We Are One Seven LLC acquired a new position in shares of WABCO Holdings Inc. (NYSE:WBC) during the 4th quarter, Holdings Channel reports. The firm acquired 2,537 shares of the auto parts company’s stock, valued at approximately $364,000.

Several other institutional investors have also recently added to or reduced their stakes in WBC. Harding Loevner LP grew its stake in WABCO by 163.8% in the 3rd quarter. Harding Loevner LP now owns 2,566,784 shares of the auto parts company’s stock valued at $140,660,000 after buying an additional 1,593,796 shares during the last quarter. Carillon Tower Advisers Inc. acquired a new position in WABCO in the 4th quarter valued at about $87,143,000. Alliancebernstein L.P. grew its stake in WABCO by 131.4% in the 4th quarter. Alliancebernstein L.P. now owns 973,317 shares of the auto parts company’s stock valued at $139,671,000 after buying an additional 552,628 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new position in WABCO in the 4th quarter valued at about $42,961,000. Finally, Renaissance Technologies LLC grew its stake in WABCO by 347.0% in the 4th quarter. Renaissance Technologies LLC now owns 374,604 shares of the auto parts company’s stock valued at $53,756,000 after buying an additional 290,804 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

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Shares of WABCO Holdings Inc. (NYSE:WBC) opened at $133.39 on Friday. The company has a quick ratio of 1.93, a current ratio of 2.23 and a debt-to-equity ratio of 0.85. The stock has a market cap of $7,443.98, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.21 and a beta of 1.80. WABCO Holdings Inc. has a twelve month low of $111.68 and a twelve month high of $162.20.

WABCO (NYSE:WBC) last posted its quarterly earnings data on Friday, February 16th. The auto parts company reported $2.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.20. The firm had revenue of $934.00 million during the quarter, compared to the consensus estimate of $900.52 million. WABCO had a net margin of 12.29% and a return on equity of 37.38%. The business’s revenue for the quarter was up 30.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.47 EPS. equities research analysts expect that WABCO Holdings Inc. will post 7.6 earnings per share for the current fiscal year.

A number of research analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of WABCO in a research note on Friday, March 2nd. They issued an “overweight” rating and a $159.00 price target on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $150.00 price target (down previously from $160.00) on shares of WABCO in a research note on Friday, February 23rd. Buckingham Research reiterated a “neutral” rating and issued a $152.00 price target (down previously from $156.00) on shares of WABCO in a research note on Tuesday, February 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 price target (down previously from $162.00) on shares of WABCO in a research note on Tuesday, February 20th. Finally, Zacks Investment Research upgraded shares of WABCO from a “hold” rating to a “buy” rating and set a $177.00 price target on the stock in a research note on Thursday, January 25th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $162.13.

In other WABCO news, insider Nicolas Bardot sold 834 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $136.88, for a total value of $114,157.92. Following the completion of the sale, the insider now owns 4,243 shares of the company’s stock, valued at approximately $580,781.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.79% of the company’s stock.

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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.

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Institutional Ownership by Quarter for WABCO (NYSE:WBC)

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