Two Sigma Investments LP grew its holdings in WABCO Holdings Inc. (NYSE:WBC) by 105.4% in the 4th quarter, HoldingsChannel reports. The fund owned 198,380 shares of the auto parts company’s stock after purchasing an additional 101,789 shares during the quarter. Two Sigma Investments LP’s holdings in WABCO were worth $28,468,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of WBC. Cerebellum GP LLC bought a new stake in WABCO in the fourth quarter worth approximately $129,000. Whittier Trust Co. of Nevada Inc. grew its position in WABCO by 114.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 935 shares of the auto parts company’s stock worth $134,000 after acquiring an additional 500 shares in the last quarter. American International Group Inc. bought a new stake in WABCO in the fourth quarter worth approximately $172,000. Zions Bancorporation bought a new stake in WABCO in the third quarter worth approximately $179,000. Finally, Brown Advisory Inc. bought a new stake in WABCO in the third quarter worth approximately $202,000. 97.03% of the stock is owned by institutional investors.
Several analysts have commented on WBC shares. ValuEngine downgraded shares of WABCO from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research cut shares of WABCO from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Stifel Nicolaus set a $162.00 price objective on shares of WABCO and gave the stock a “buy” rating in a research note on Friday, February 9th. Buckingham Research restated a “neutral” rating and issued a $152.00 price objective (down from $156.00) on shares of WABCO in a research note on Tuesday, February 20th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $150.00 price objective (down from $160.00) on shares of WABCO in a research note on Friday, February 23rd. Six 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 stock. The stock presently has an average rating of “Buy” and a consensus target price of $162.13.
WABCO (NYSE:WBC) last announced its quarterly earnings results on Friday, February 16th. The auto parts company reported $2.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.20. The firm had revenue of $934.00 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 EPS. equities analysts predict that WABCO Holdings Inc. will post 7.6 earnings per share for the current year.
In other WABCO news, insider Nicolas Bardot sold 834 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $136.88, for a total value of $114,157.92. Following the sale, the insider now owns 4,243 shares of the company’s stock, valued at approximately $580,781.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.79% of the company’s stock.
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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.
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