WABCO Holdings Inc. (WBC) Position Cut by Fred Alger Management Inc.
Fred Alger Management Inc. reduced its stake in WABCO Holdings Inc. (NYSE:WBC) by 24.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,242 shares of the auto parts company’s stock after selling 30,676 shares during the period. Fred Alger Management Inc.’s holdings in WABCO were worth $13,380,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Pensionfund Sabic bought a new stake in WABCO in the fourth quarter valued at $1,435,000. Congress Asset Management Co. MA increased its stake in WABCO by 3.6% in the fourth quarter. Congress Asset Management Co. MA now owns 602,922 shares of the auto parts company’s stock valued at $86,519,000 after purchasing an additional 20,769 shares in the last quarter. Toronto Dominion Bank increased its stake in WABCO by 241.4% in the third quarter. Toronto Dominion Bank now owns 2,171 shares of the auto parts company’s stock valued at $321,000 after purchasing an additional 1,535 shares in the last quarter. Caxton Associates LP bought a new stake in WABCO in the third quarter valued at $1,110,000. Finally, Legal & General Group Plc increased its stake in WABCO by 7.3% in the third quarter. Legal & General Group Plc now owns 72,757 shares of the auto parts company’s stock valued at $10,767,000 after purchasing an additional 4,922 shares in the last quarter. 96.28% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Nicolas Bardot sold 834 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $136.88, for a total transaction of $114,157.92. Following the completion of the sale, the insider now directly owns 4,243 shares of the company’s stock, valued at $580,781.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.79% of the company’s stock.
Shares of WABCO Holdings Inc. (NYSE WBC) opened at $143.02 on Friday. The company has a current ratio of 2.23, a quick ratio of 1.93 and a debt-to-equity ratio of 0.85. The company has a market cap of $7,685.18, a PE ratio of 20.82, a PEG ratio of 1.26 and a beta of 1.80. WABCO Holdings Inc. has a 52-week low of $111.68 and a 52-week high of $162.20.
WABCO (NYSE:WBC) last posted its earnings results on Friday, February 16th. The auto parts company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.80 by $0.20. The company had revenue of $934.00 million during the quarter, compared to the consensus estimate of $900.52 million. WABCO had a net margin of 12.29% and a return on equity of 37.38%. The firm’s revenue for the quarter was up 30.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.47 earnings per share. research analysts anticipate that WABCO Holdings Inc. will post 7.6 EPS for the current year.
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WABCO Company Profile
WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers of commercial trucks, buses and trailers, as well as passenger cars. The Company engineers, develops, manufactures and sells braking, stability, suspension and transmission automation and air management systems primarily for commercial vehicles.
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