Northeast Financial Consultants Inc bought a new position in shares of WABCO Holdings Inc. (NYSE:WBC) during the 1st quarter, Holdings Channel reports. The institutional investor bought 1,975 shares of the auto parts company’s stock, valued at approximately $260,000.
Other large investors have also recently made changes to their positions in the company. Andra AP fonden acquired a new stake in shares of WABCO in the 1st quarter valued at $6,433,000. OppenheimerFunds Inc. acquired a new stake in shares of WABCO in the 1st quarter valued at $241,000. State of Wisconsin Investment Board lifted its stake in shares of WABCO by 39.8% in the 1st quarter. State of Wisconsin Investment Board now owns 165,037 shares of the auto parts company’s stock valued at $21,757,000 after purchasing an additional 46,947 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of WABCO by 11.2% in the 1st quarter. Xact Kapitalforvaltning AB now owns 14,800 shares of the auto parts company’s stock valued at $1,951,000 after purchasing an additional 1,486 shares during the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of WABCO in the 1st quarter valued at $262,000. 93.60% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on WBC. Citigroup lowered shares of WABCO from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $155.00 to $136.50 in a research note on Friday, March 29th. ValuEngine raised shares of WABCO from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. William Blair lowered shares of WABCO from an “outperform” rating to a “market perform” rating in a research note on Friday, April 26th. Royal Bank of Canada lowered shares of WABCO from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $136.00 to $136.50 in a research note on Friday, March 29th. Finally, Stifel Nicolaus set a $134.00 target price on shares of WABCO and gave the stock a “buy” rating in a research report on Wednesday, February 20th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $133.57.
WABCO stock traded down $0.13 on Friday, reaching $130.83. 240 shares of the stock were exchanged, compared to its average volume of 514,866. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 1.14 and a beta of 1.49. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.60 and a quick ratio of 2.13. WABCO Holdings Inc. has a twelve month low of $98.90 and a twelve month high of $146.68.
WABCO (NYSE:WBC) last announced its quarterly earnings data on Friday, April 26th. The auto parts company reported $1.64 EPS for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.21). The company had revenue of $932.90 million for the quarter, compared to analyst estimates of $972.31 million. WABCO had a net margin of 10.04% and a return on equity of 30.90%. As a group, sell-side analysts expect that WABCO Holdings Inc. will post 7.64 earnings per share for the current year.
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, steering, transmission automation, and air management systems primarily for commercial vehicles.
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