ZWJ Investment Counsel Inc. Trims Stake in WABCO Holdings Inc. (NYSE:WBC)

ZWJ Investment Counsel Inc. trimmed its stake in WABCO Holdings Inc. (NYSE:WBC) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,777 shares of the auto parts company’s stock after selling 1,960 shares during the period. ZWJ Investment Counsel Inc. owned 0.21% of WABCO worth $14,556,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Icon Wealth Partners LLC purchased a new stake in WABCO in the 1st quarter worth $27,000. Meeder Asset Management Inc. increased its stake in WABCO by 1,152.9% in the 1st quarter. Meeder Asset Management Inc. now owns 213 shares of the auto parts company’s stock worth $28,000 after buying an additional 196 shares in the last quarter. Manchester Capital Management LLC purchased a new stake in WABCO in the 1st quarter worth $55,000. Quadrant Capital Group LLC increased its stake in WABCO by 108.3% in the 1st quarter. Quadrant Capital Group LLC now owns 654 shares of the auto parts company’s stock worth $83,000 after buying an additional 340 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in WABCO in the 1st quarter worth $106,000. Hedge funds and other institutional investors own 93.97% of the company’s stock.

A number of equities research analysts have issued reports on WBC shares. William Blair lowered WABCO from an “outperform” rating to a “market perform” rating in a research note on Friday, April 26th. Wolfe Research lowered WABCO from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $133.57.

Shares of WBC traded down $0.20 during midday trading on Friday, hitting $132.37. 277,857 shares of the company traded hands, compared to its average volume of 332,486. The firm has a 50 day simple moving average of $132.25. WABCO Holdings Inc. has a 52 week low of $98.90 and a 52 week high of $146.68. The stock has a market cap of $6.79 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.19 and a beta of 1.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.49 and a current ratio of 2.98.

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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