OxFORD Asset Management LLP Has $4.19 Million Position in WABCO Holdings Inc. (WBC)

OxFORD Asset Management LLP lifted its stake in WABCO Holdings Inc. (NYSE:WBC) by 235.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,297 shares of the auto parts company’s stock after buying an additional 19,872 shares during the period. OxFORD Asset Management LLP owned approximately 0.05% of WABCO worth $4,189,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of WBC. Pacad Investment Ltd. purchased a new position in WABCO in the second quarter valued at about $179,000. Brown Advisory Inc. purchased a new position in WABCO in the third quarter valued at about $202,000. Trexquant Investment LP purchased a new position in WABCO in the second quarter valued at about $204,000. Cadence Capital Management LLC purchased a new position in WABCO in the third quarter valued at about $207,000. Finally, Massey Quick Simon & CO. LLC boosted its holdings in WABCO by 855.3% in the third quarter. Massey Quick Simon & CO. LLC now owns 1,452 shares of the auto parts company’s stock valued at $215,000 after purchasing an additional 1,300 shares during the last quarter. 95.27% of the stock is owned by institutional investors.

In other news, Chairman Jacques Esculier sold 172,394 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $151.24, for a total transaction of $26,072,868.56. Following the sale, the chairman now directly owns 312,079 shares in the company, valued at approximately $47,198,827.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is currently owned by corporate insiders.

Shares of WABCO Holdings Inc. (WBC) traded down $1.52 during trading on Friday, hitting $143.50. The stock had a trading volume of 141,452 shares, compared to its average volume of 294,322. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.00 and a quick ratio of 2.60. The firm has a market cap of $7,780.06, a PE ratio of 25.90, a price-to-earnings-growth ratio of 1.45 and a beta of 1.67. WABCO Holdings Inc. has a fifty-two week low of $102.39 and a fifty-two week high of $156.08.

WABCO (NYSE:WBC) last announced its quarterly earnings results on Thursday, October 19th. The auto parts company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.18. The business had revenue of $827.80 million for the quarter, compared to analysts’ expectations of $756.57 million. WABCO had a return on equity of 38.93% and a net margin of 9.75%. The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.54 EPS. research analysts forecast that WABCO Holdings Inc. will post 6.65 EPS for the current year.

WBC has been the subject of a number of analyst reports. Piper Jaffray Companies reissued a “buy” rating and issued a $167.00 price target on shares of WABCO in a report on Sunday, October 22nd. Zacks Investment Research cut WABCO from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. ValuEngine cut WABCO from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Goldman Sachs Group restated a “neutral” rating and set a $147.00 price objective (up previously from $128.00) on shares of WABCO in a research note on Wednesday, October 4th. Finally, KeyCorp restated a “buy” rating and set a $156.00 price objective on shares of WABCO in a research note on Thursday, September 7th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $159.47.

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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.

Institutional Ownership by Quarter for WABCO (NYSE:WBC)

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