WABCO Holdings Inc. (WBC) Position Trimmed by BlackRock Inc.

BlackRock Inc. reduced its position in WABCO Holdings Inc. (NYSE:WBC) by 3.6% during the second quarter, HoldingsChannel.com reports. The firm owned 2,653,615 shares of the auto parts company’s stock after selling 98,042 shares during the period. BlackRock Inc. owned approximately 0.05% of WABCO worth $310,525,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in shares of WABCO by 2.1% in the first quarter. Wells Fargo & Company MN now owns 798,803 shares of the auto parts company’s stock valued at $106,935,000 after acquiring an additional 16,355 shares during the period. Eaton Vance Management boosted its position in shares of WABCO by 40.6% in the first quarter. Eaton Vance Management now owns 4,330 shares of the auto parts company’s stock valued at $580,000 after acquiring an additional 1,250 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of WABCO by 3.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 187,688 shares of the auto parts company’s stock valued at $25,126,000 after acquiring an additional 5,914 shares during the period. Aperio Group LLC boosted its position in shares of WABCO by 2.8% in the first quarter. Aperio Group LLC now owns 28,429 shares of the auto parts company’s stock valued at $3,806,000 after acquiring an additional 781 shares during the period. Finally, First Mercantile Trust Co. boosted its position in shares of WABCO by 94.7% in the first quarter. First Mercantile Trust Co. now owns 1,328 shares of the auto parts company’s stock valued at $178,000 after acquiring an additional 646 shares during the period.

Shares of NYSE WBC opened at $115.57 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.48 and a quick ratio of 2.07. The firm has a market capitalization of $6.19 billion, a P/E ratio of 16.85, a PEG ratio of 1.03 and a beta of 1.83. WABCO Holdings Inc. has a one year low of $110.50 and a one year high of $162.20.

WABCO (NYSE:WBC) last issued its earnings results on Thursday, July 19th. The auto parts company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.10. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $989.16 million. WABCO had a return on equity of 34.37% and a net margin of 11.77%. WABCO’s revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.69 earnings per share. equities analysts anticipate that WABCO Holdings Inc. will post 7.53 EPS for the current year.

Several research firms have recently weighed in on WBC. Bank of America reduced their price objective on WABCO from $148.00 to $130.00 and set a “buy” rating for the company in a research report on Friday. BMO Capital Markets reissued a “hold” rating and issued a $130.00 price objective (down from $135.00) on shares of WABCO in a research report on Friday. Buckingham Research set a $125.00 price objective on WABCO and gave the company a “hold” rating in a research report on Thursday. Morgan Stanley set a $135.00 price objective on WABCO and gave the company a “buy” rating in a research report on Thursday. Finally, Robert W. Baird cut WABCO from an “outperform” rating to a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $151.93.

WABCO Company 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, 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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