US Bancorp DE Reduces Position in WABCO Holdings Inc. (NYSE:WBC)

US Bancorp DE reduced its position in shares of WABCO Holdings Inc. (NYSE:WBC) by 27.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,598 shares of the auto parts company’s stock after selling 1,739 shares during the period. US Bancorp DE’s holdings in WABCO were worth $606,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of WBC. FMR LLC grew its stake in shares of WABCO by 12.6% in the fourth quarter. FMR LLC now owns 3,874,508 shares of the auto parts company’s stock worth $415,890,000 after purchasing an additional 434,629 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of WABCO by 2.6% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,888,228 shares of the auto parts company’s stock worth $310,023,000 after purchasing an additional 72,938 shares in the last quarter. First Manhattan Co. grew its stake in shares of WABCO by 2.1% in the first quarter. First Manhattan Co. now owns 1,424,689 shares of the auto parts company’s stock worth $187,816,000 after purchasing an additional 29,775 shares in the last quarter. Boston Partners grew its stake in shares of WABCO by 2.7% in the fourth quarter. Boston Partners now owns 1,103,674 shares of the auto parts company’s stock worth $118,469,000 after purchasing an additional 28,781 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of WABCO by 5.5% in the fourth quarter. Bank of New York Mellon Corp now owns 753,031 shares of the auto parts company’s stock worth $80,831,000 after purchasing an additional 39,443 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

WBC has been the subject of several recent analyst reports. Wolfe Research cut WABCO from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 30th. Robert W. Baird cut WABCO from an “outperform” rating to a “neutral” rating in a research note on Thursday, March 28th. Buckingham Research set a $136.00 price target on WABCO and gave the stock a “hold” rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. raised WABCO from an “underweight” rating to a “neutral” rating and set a $121.00 price target for the company in a research note on Thursday, February 28th. Finally, Mizuho set a $125.00 target price on WABCO and gave the company a “hold” rating in a research note on Tuesday, February 26th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $133.57.

WBC stock traded down $0.09 during trading hours on Wednesday, hitting $130.92. 5,972 shares of the stock traded hands, compared to its average volume of 803,247. WABCO Holdings Inc. has a one year low of $98.90 and a one year high of $146.68. The stock has a market capitalization of $6.71 billion, a P/E ratio of 16.63, a P/E/G ratio of 1.14 and a beta of 1.48. The company has a quick ratio of 2.13, a current ratio of 2.60 and a debt-to-equity ratio of 0.62.

WABCO (NYSE:WBC) last announced its earnings results on Friday, April 26th. The auto parts company reported $1.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.21). WABCO had a net margin of 10.04% and a return on equity of 30.90%. The firm had revenue of $932.90 million for the quarter, compared to the consensus estimate of $972.31 million. On average, sell-side analysts anticipate that WABCO Holdings Inc. will post 7.65 earnings per share for the current year.

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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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Institutional Ownership by Quarter for WABCO (NYSE:WBC)

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