WABCO Holdings Inc. (WBC) Stake Increased by Two Sigma Advisers LP

Two Sigma Advisers LP grew its stake in shares of WABCO Holdings Inc. (NYSE:WBC) by 200.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,592 shares of the auto parts company’s stock after purchasing an additional 47,103 shares during the quarter. Two Sigma Advisers LP owned approximately 0.13% of WABCO worth $10,130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cerebellum GP LLC purchased a new stake in shares of WABCO during the fourth quarter valued at $129,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of WABCO by 114.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 935 shares of the auto parts company’s stock valued at $134,000 after purchasing an additional 500 shares during the period. American International Group Inc. purchased a new stake in shares of WABCO during the fourth quarter valued at $172,000. Zions Bancorporation purchased a new stake in shares of WABCO during the third quarter valued at $179,000. Finally, Brown Advisory Inc. purchased a new stake in shares of WABCO during the third quarter valued at $202,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

WBC has been the subject of a number of recent analyst reports. Morgan Stanley initiated coverage on shares of WABCO in a research note on Friday, March 2nd. They set an “overweight” rating and a $159.00 target price for the company. Zacks Investment Research raised shares of WABCO from a “hold” rating to a “buy” rating and set a $161.00 target price for the company in a research note on Thursday, December 28th. Buckingham Research reissued a “neutral” rating and set a $152.00 target price (down from $156.00) on shares of WABCO in a research note on Tuesday, February 20th. ValuEngine lowered shares of WABCO from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $160.00 target price (down from $162.00) on shares of WABCO in a research note on Tuesday, February 20th. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $162.13.

In related news, insider Nicolas Bardot sold 834 shares of the company’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 directly owns 4,243 shares of the company’s stock, valued at $580,781.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is owned by corporate insiders.

Shares of WABCO stock opened at $130.65 on Friday. WABCO Holdings Inc. has a one year low of $111.68 and a one year high of $162.20. The firm has a market cap of $7,167.78, a PE ratio of 17.40, a P/E/G ratio of 1.17 and a beta of 1.80. The company has a quick ratio of 1.93, a current ratio of 2.23 and a debt-to-equity ratio of 0.85.

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

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WABCO Company Profile

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.

Institutional Ownership by Quarter for WABCO (NYSE:WBC)

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