Stratos Wealth Partners LTD. purchased a new stake in shares of WABCO Holdings Inc. (NYSE:WBC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,417 shares of the auto parts company’s stock, valued at approximately $167,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY grew its stake in shares of WABCO by 11.4% during the second quarter. Metropolitan Life Insurance Co. NY now owns 4,216 shares of the auto parts company’s stock valued at $493,000 after purchasing an additional 433 shares during the last quarter. Daiwa SB Investments Ltd. boosted its stake in WABCO by 9.1% in the third quarter. Daiwa SB Investments Ltd. now owns 5,970 shares of the auto parts company’s stock valued at $704,000 after acquiring an additional 500 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in WABCO by 28.6% in the second quarter. Wesbanco Bank Inc. now owns 3,600 shares of the auto parts company’s stock valued at $421,000 after acquiring an additional 800 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in WABCO by 27.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,910 shares of the auto parts company’s stock valued at $457,000 after acquiring an additional 850 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in WABCO in the second quarter valued at approximately $106,000. 98.15% of the stock is currently owned by institutional investors and hedge funds.

WBC opened at $116.08 on Friday. The company has a current ratio of 2.28, a quick ratio of 1.89 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 0.96 and a beta of 1.79. WABCO Holdings Inc. has a twelve month low of $100.80 and a twelve month high of $162.20.

WABCO (NYSE:WBC) last posted its earnings results on Thursday, October 18th. The auto parts company reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.19. The company had revenue of $914.80 million for the quarter, compared to analyst estimates of $932.66 million. WABCO had a net margin of 11.62% and a return on equity of 33.10%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $1.71 earnings per share. Research analysts predict that WABCO Holdings Inc. will post 7.73 earnings per share for the current year.

A number of equities analysts have issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of WABCO from $159.00 to $152.00 and set a “buy” rating on the stock in a research note on Monday, September 24th. Morgan Stanley reduced their price objective on shares of WABCO from $159.00 to $144.00 and set an “overweight” rating on the stock in a research note on Friday, July 20th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $160.00 price objective on shares of WABCO in a research note on Friday, July 20th. BMO Capital Markets reaffirmed a “hold” rating and issued a $135.00 price objective on shares of WABCO in a research note on Thursday, July 19th. Finally, Robert W. Baird cut shares of WABCO from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. WABCO has an average rating of “Hold” and an average price target of $132.82.

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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, 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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