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.

Shares of NYSE:WBC traded down $1.31 during midday trading on Friday, reaching $107.82. 866,399 shares of the company’s stock were exchanged, compared to its average volume of 425,831. The company has a current ratio of 2.48, a quick ratio of 2.07 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.05 and a beta of 1.82. WABCO Holdings Inc. has a fifty-two week low of $106.27 and a fifty-two week high of $162.20.

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 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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