WABCO Holdings Inc. (WBC) Shares Bought by Shell Asset Management Co.

Shell Asset Management Co. grew its position in WABCO Holdings Inc. (NYSE:WBC) by 17.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 12,562 shares of the auto parts company’s stock after purchasing an additional 1,845 shares during the period. Shell Asset Management Co.’s holdings in WABCO were worth $1,656,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. increased its position in shares of WABCO by 1,152.9% in the first quarter. Meeder Asset Management Inc. now owns 213 shares of the auto parts company’s stock valued at $28,000 after buying an additional 196 shares in the last quarter. Athena Capital Advisors LLC purchased a new position in shares of WABCO in the fourth quarter valued at $27,000. Manchester Capital Management LLC purchased a new position in shares of WABCO in the first quarter valued at $55,000. Quadrant Capital Group LLC increased its position in shares of WABCO by 108.3% in the first quarter. Quadrant Capital Group LLC now owns 654 shares of the auto parts company’s stock valued at $83,000 after buying an additional 340 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in shares of WABCO in the first quarter valued at $106,000. Institutional investors and hedge funds own 93.63% of the company’s stock.

Shares of NYSE:WBC opened at $130.26 on Monday. The company has a current ratio of 2.60, a quick ratio of 2.13 and a debt-to-equity ratio of 0.62. WABCO Holdings Inc. has a 12-month low of $98.90 and a 12-month high of $146.68. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 1.14 and a beta of 1.59.

WABCO (NYSE:WBC) last issued its quarterly earnings results on Friday, April 26th. The auto parts company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.21). WABCO had a return on equity of 30.90% and a net margin of 10.04%. The business had revenue of $932.90 million during the quarter, compared to analyst estimates of $972.31 million. Sell-side analysts expect that WABCO Holdings Inc. will post 7.65 earnings per share for the current year.

A number of analysts recently commented on the company. Stifel Nicolaus cut WABCO from a “buy” rating to a “hold” rating and set a $137.00 price objective for the company. in a research report on Thursday, March 28th. Piper Jaffray Companies cut WABCO from an “overweight” rating to a “neutral” rating and set a $137.00 price objective for the company. in a research report on Thursday, March 28th. Stephens cut WABCO from an “overweight” rating to an “equal weight” rating and set a $137.00 price objective for the company. in a research report on Thursday, March 28th. ValuEngine upgraded WABCO from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. Finally, Royal Bank of Canada cut WABCO from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $136.00 to $136.50 in a research report on Friday, March 29th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the stock. WABCO has an average rating of “Hold” and an average target price of $133.57.

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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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