WABCO Holdings Inc. (NYSE:WBC) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 2,136,500 shares, a decline of 8.1% from the June 15th total of 2,325,600 shares. Currently, 4.2% of the shares of the company are short sold. Based on an average trading volume of 510,800 shares, the days-to-cover ratio is currently 4.2 days.

A number of research analysts have weighed in on WBC shares. William Blair cut shares of WABCO from an “outperform” rating to a “market perform” rating in a research note on Friday, April 26th. Wolfe Research cut shares of WABCO from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $133.57.

Shares of WBC stock traded down $0.02 during trading on Monday, reaching $132.86. 46,084 shares of the company’s stock traded hands, compared to its average volume of 315,512. The company has a market capitalization of $6.81 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.16 and a beta of 1.42. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.98 and a quick ratio of 2.49. The stock has a 50-day moving average price of $132.03. WABCO has a 1 year low of $98.90 and a 1 year high of $146.68.

WABCO (NYSE:WBC) last announced its quarterly earnings results on Friday, April 26th. The auto parts company reported $1.64 EPS for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.21). WABCO had a net margin of 9.36% and a return on equity of 27.62%. The business had revenue of $932.90 million for the quarter, compared to analysts’ expectations of $972.31 million. Equities research analysts forecast that WABCO will post 7.63 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Icon Wealth Partners LLC purchased a new stake in WABCO in the 1st quarter worth approximately $27,000. Meeder Asset Management Inc. lifted its stake in WABCO by 1,152.9% in the 1st quarter. Meeder Asset Management Inc. now owns 213 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 196 shares in the last quarter. Manchester Capital Management LLC purchased a new stake in WABCO in the 1st quarter worth approximately $55,000. Quadrant Capital Group LLC lifted its stake in WABCO by 108.3% in the 1st quarter. Quadrant Capital Group LLC now owns 654 shares of the auto parts company’s stock worth $83,000 after purchasing an additional 340 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in WABCO in the 1st quarter worth approximately $106,000. Institutional investors and hedge funds own 93.97% of the company’s stock.

About WABCO

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, steering, transmission automation, and air management systems primarily for commercial vehicles.

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