WABCO Holdings Inc. (NYSE:WBC) Short Interest Down 8.1% in July
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.
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.
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.
Read More: Range Trading
Receive News & Ratings for WABCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WABCO and related companies with MarketBeat.com's FREE daily email newsletter.