Waddell & Reed Financial Inc. lowered its stake in shares of WABCO Holdings Inc. (NYSE:WBC) by 90.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,000 shares of the auto parts company’s stock after selling 865,875 shares during the quarter. Waddell & Reed Financial Inc. owned about 0.18% of WABCO worth $11,117,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY increased its holdings 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 acquiring an additional 433 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of WABCO by 16.1% during the first quarter. Toronto Dominion Bank now owns 3,487 shares of the auto parts company’s stock valued at $467,000 after acquiring an additional 484 shares in the last quarter. Brinker Capital Inc. increased its holdings in shares of WABCO by 22.4% during the first quarter. Brinker Capital Inc. now owns 2,733 shares of the auto parts company’s stock valued at $366,000 after acquiring an additional 501 shares in the last quarter. Amalgamated Bank increased its holdings in shares of WABCO by 6.8% during the first quarter. Amalgamated Bank now owns 10,815 shares of the auto parts company’s stock valued at $1,448,000 after acquiring an additional 689 shares in the last quarter. Finally, Aperio Group LLC increased its holdings in shares of WABCO by 2.8% during the first quarter. Aperio Group LLC now owns 28,429 shares of the auto parts company’s stock valued at $3,806,000 after acquiring an additional 781 shares in the last quarter.

NYSE:WBC traded down $1.31 during midday trading on Friday, hitting $107.82. The company’s stock had a trading volume of 866,399 shares, compared to its average volume of 425,831. WABCO Holdings Inc. has a fifty-two week low of $106.27 and a fifty-two week high of $162.20. 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 cap of $6.24 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.05 and a beta of 1.82.

WABCO (NYSE:WBC) last released its quarterly earnings data on Thursday, July 19th. The auto parts company reported $2.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.10. WABCO had a return on equity of 34.37% and a net margin of 11.77%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $989.16 million. During the same quarter in the prior year, the firm posted $1.69 EPS. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. Equities research analysts predict that WABCO Holdings Inc. will post 7.5 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of WABCO from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 10th. Stifel Nicolaus cut their price target on shares of WABCO from $159.00 to $152.00 and set a “buy” rating on the stock in a report on Monday, September 24th. Morgan Stanley cut their price target on shares of WABCO from $159.00 to $144.00 and set an “overweight” rating on the stock in a report on Friday, July 20th. Royal Bank of Canada reiterated a “buy” rating and issued a $160.00 price target on shares of WABCO in a report on Friday, July 20th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $135.00 price target on shares of WABCO in a report on Thursday, July 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. WABCO presently has an average rating of “Buy” and an average price target of $148.83.

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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