Castleark Management LLC Sells 76,248 Shares of WABCO Holdings Inc. (NYSE:WBC)
Castleark Management LLC decreased its position in shares of WABCO Holdings Inc. (NYSE:WBC) by 67.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,544 shares of the auto parts company’s stock after selling 76,248 shares during the period. Castleark Management LLC owned approximately 0.07% of WABCO worth $4,393,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eaton Vance Management increased its holdings in shares of WABCO by 40.6% during the first quarter. Eaton Vance Management now owns 4,330 shares of the auto parts company’s stock valued at $580,000 after acquiring an additional 1,250 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in WABCO by 3.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 187,688 shares of the auto parts company’s stock worth $25,126,000 after buying an additional 5,914 shares during the period. Aperio Group LLC increased its holdings in WABCO by 2.8% in the 1st quarter. Aperio Group LLC now owns 28,429 shares of the auto parts company’s stock worth $3,806,000 after buying an additional 781 shares during the period. BlackRock Inc. increased its holdings in WABCO by 0.9% in the 1st quarter. BlackRock Inc. now owns 2,751,657 shares of the auto parts company’s stock worth $368,366,000 after buying an additional 23,591 shares during the period. Finally, Canandaigua National Bank & Trust Co. acquired a new position in WABCO in the 1st quarter worth approximately $360,000.
A number of brokerages have recently commented on WBC. Zacks Investment Research cut shares of WABCO from a “buy” rating to a “hold” rating in a research note on Saturday, July 7th. Stifel Nicolaus dropped 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 decreased their target price on WABCO from $159.00 to $144.00 and set an “overweight” rating on the stock in a research report on Friday, July 20th. Wolfe Research upgraded WABCO from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 5th. Finally, Buckingham Research set a $125.00 target price on WABCO and gave the company a “hold” rating in a research report on Thursday, September 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $148.83.
WABCO (NYSE:WBC) last issued its quarterly earnings data on Thursday, July 19th. The auto parts company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.10. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $989.16 million. WABCO had a return on equity of 34.37% and a net margin of 11.77%. The company’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period last year, the company earned $1.69 EPS. As a group, equities research analysts predict that WABCO Holdings Inc. will post 7.5 earnings per share for the current fiscal year.
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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