Tokio Marine Asset Management Co. Ltd. Acquires 27,246 Shares of WABCO Holdings Inc. (NYSE:WBC)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of WABCO Holdings Inc. (NYSE:WBC) by 161.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 44,121 shares of the auto parts company’s stock after purchasing an additional 27,246 shares during the quarter. WABCO makes up about 1.0% of Tokio Marine Asset Management Co. Ltd.’s portfolio, making the stock its 29th largest position. Tokio Marine Asset Management Co. Ltd.’s holdings in WABCO were worth $5,850,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC boosted its stake in WABCO by 6.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,065,682 shares of the auto parts company’s stock valued at $404,149,000 after purchasing an additional 177,454 shares during the period. BlackRock Inc. raised its holdings in WABCO by 0.8% in the 1st quarter. BlackRock Inc. now owns 2,668,252 shares of the auto parts company’s stock valued at $351,755,000 after acquiring an additional 21,020 shares in the last quarter. First Manhattan Co. raised its holdings in WABCO by 2.1% in the 1st quarter. First Manhattan Co. now owns 1,424,689 shares of the auto parts company’s stock valued at $187,816,000 after acquiring an additional 29,775 shares in the last quarter. Clearbridge Investments LLC raised its holdings in WABCO by 1.7% in the 1st quarter. Clearbridge Investments LLC now owns 805,176 shares of the auto parts company’s stock valued at $106,146,000 after acquiring an additional 13,654 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its holdings in WABCO by 54.6% in the 1st quarter. Pictet Asset Management Ltd. now owns 713,472 shares of the auto parts company’s stock valued at $94,057,000 after acquiring an additional 252,100 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Shares of WBC traded down $0.50 during mid-day trading on Monday, reaching $131.87. The company had a trading volume of 26,948 shares, compared to its average volume of 332,486. WABCO Holdings Inc. has a twelve month low of $98.90 and a twelve month high of $146.68. The company has a quick ratio of 2.49, a current ratio of 2.98 and a debt-to-equity ratio of 0.65. The stock’s 50-day moving average price is $132.25. The stock has a market cap of $6.78 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.19 and a beta of 1.40.

Several research firms have commented on WBC. Wolfe Research cut WABCO from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 30th. William Blair cut WABCO from an “outperform” rating to a “market perform” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $133.57.

About WABCO

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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