WABCO Holdings Inc. (WBC) Shares Sold by DNB Asset Management AS

DNB Asset Management AS trimmed its holdings in WABCO Holdings Inc. (NYSE:WBC) by 2.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,226 shares of the auto parts company’s stock after selling 213 shares during the quarter. DNB Asset Management AS’s holdings in WABCO were worth $1,348,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in WABCO by 130.9% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 38,233 shares of the auto parts company’s stock valued at $4,104,000 after purchasing an additional 21,674 shares in the last quarter. Man Group plc boosted its holdings in shares of WABCO by 374.9% in the third quarter. Man Group plc now owns 53,668 shares of the auto parts company’s stock valued at $6,330,000 after acquiring an additional 42,366 shares during the period. First Manhattan Co. boosted its holdings in shares of WABCO by 37.3% in the fourth quarter. First Manhattan Co. now owns 1,394,914 shares of the auto parts company’s stock valued at $149,730,000 after acquiring an additional 378,995 shares during the period. Daiwa SB Investments Ltd. boosted its holdings in shares of WABCO by 9.0% in the fourth quarter. Daiwa SB Investments Ltd. now owns 6,510 shares of the auto parts company’s stock valued at $699,000 after acquiring an additional 540 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of WABCO by 155.7% in the third quarter. Bank of New York Mellon Corp now owns 713,588 shares of the auto parts company’s stock valued at $84,161,000 after acquiring an additional 434,552 shares during the period.

In other news, insider Nicolas Bardot sold 1,145 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $120.93, for a total value of $138,464.85. Following the completion of the transaction, the insider now owns 4,546 shares in the company, valued at $549,747.78. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.48% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Buckingham Research set a $136.00 price objective on WABCO and gave the company a “hold” rating in a report on Thursday, March 28th. Piper Jaffray Companies downgraded WABCO from an “overweight” rating to a “neutral” rating and set a $137.00 price objective for the company. in a report on Thursday, March 28th. Robert W. Baird downgraded WABCO from an “outperform” rating to a “neutral” rating in a report on Thursday, March 28th. Citigroup downgraded WABCO from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $155.00 to $136.50 in a report on Friday, March 29th. Finally, Royal Bank of Canada downgraded WABCO from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $136.00 to $136.50 in a report on Friday, March 29th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $134.20.

Shares of WBC stock opened at $133.00 on Friday. WABCO Holdings Inc. has a fifty-two week low of $98.90 and a fifty-two week high of $146.68. The firm has a market capitalization of $6.84 billion, a PE ratio of 16.90, a PEG ratio of 1.14 and a beta of 1.61. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.01 and a quick ratio of 2.48.

WABCO (NYSE:WBC) last announced its quarterly earnings results on Friday, February 15th. The auto parts company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.14. WABCO had a return on equity of 32.91% and a net margin of 10.29%. The business had revenue of $911.60 million during the quarter, compared to analysts’ expectations of $963.33 million. During the same quarter last year, the business posted $2.00 earnings per share. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, sell-side analysts anticipate that WABCO Holdings Inc. will post 7.8 earnings per share for the current fiscal year.

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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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