WABCO Holdings Inc. (NYSE:WBC) Stake Lowered by Treasurer of the State of North Carolina

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Treasurer of the State of North Carolina cut its stake in shares of WABCO Holdings Inc. (NYSE:WBC) by 1.2% in the 2nd quarter, Holdings Channel reports. The firm owned 21,275 shares of the auto parts company’s stock after selling 262 shares during the quarter. Treasurer of the State of North Carolina’s holdings in WABCO were worth $2,821,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. FTB Advisors Inc. bought a new position in WABCO in the 2nd quarter worth approximately $31,000. Advisory Services Network LLC bought a new position in WABCO in the 2nd quarter worth approximately $38,000. Kavar Capital Partners LLC bought a new position in WABCO in the 2nd quarter worth approximately $43,000. Tower Research Capital LLC TRC grew its holdings in WABCO by 29.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 614 shares of the auto parts company’s stock worth $81,000 after buying an additional 139 shares in the last quarter. Finally, Oakworth Capital Inc. bought a new position in WABCO in the 2nd quarter worth approximately $84,000. 93.24% of the stock is owned by institutional investors.

In related news, insider Nicolas Bardot sold 750 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $132.00, for a total value of $99,000.00. Following the completion of the transaction, the insider now directly owns 3,053 shares of the company’s stock, valued at approximately $402,996. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.58% of the company’s stock.

Shares of WBC stock opened at $134.36 on Wednesday. WABCO Holdings Inc. has a 12-month low of $98.90 and a 12-month high of $146.68. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 17.07 and a beta of 1.35. The business has a 50 day simple moving average of $133.74 and a 200 day simple moving average of $132.89. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.98 and a quick ratio of 2.49.

WABCO (NYSE:WBC) last issued its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.59). WABCO had a return on equity of 27.31% and a net margin of 9.36%. The business had revenue of $912.80 million during the quarter, compared to the consensus estimate of $983.88 million. On average, equities analysts anticipate that WABCO Holdings Inc. will post 7.42 EPS for the current fiscal year.

WABCO Profile

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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Institutional Ownership by Quarter for WABCO (NYSE:WBC)

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