Seeyond Raises Stake in WABCO Holdings Inc. (NYSE:WBC)

Seeyond grew its stake in shares of WABCO Holdings Inc. (NYSE:WBC) by 84.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,684 shares of the auto parts company’s stock after purchasing an additional 2,600 shares during the quarter. Seeyond’s holdings in WABCO were worth $754,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of WBC. Elo Mutual Pension Insurance Co acquired a new position in shares of WABCO during the second quarter valued at about $6,630,000. Athos Capital Ltd acquired a new position in WABCO in the 2nd quarter valued at $2,744,000. Carlson Capital L P raised its stake in WABCO by 338.4% in the 2nd quarter. Carlson Capital L P now owns 876,832 shares of the auto parts company’s stock valued at $116,268,000 after purchasing an additional 676,832 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in WABCO by 43.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 69,048 shares of the auto parts company’s stock valued at $9,156,000 after purchasing an additional 20,962 shares during the last quarter. Finally, Nuance Investments LLC raised its stake in WABCO by 117.7% in the 2nd quarter. Nuance Investments LLC now owns 1,137,762 shares of the auto parts company’s stock valued at $150,867,000 after purchasing an additional 615,173 shares during the last quarter. 93.24% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Nicolas Bardot sold 750 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $132.00, for a total transaction of $99,000.00. Following the completion of the transaction, the insider now directly owns 3,053 shares in the company, valued at approximately $402,996. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.58% of the company’s stock.

NYSE WBC traded down $0.04 during mid-day trading on Friday, hitting $134.43. The stock had a trading volume of 3,776 shares, compared to its average volume of 288,657. The firm’s 50 day moving average is $132.79 and its 200 day moving average is $133.22. WABCO Holdings Inc. has a twelve month low of $98.90 and a twelve month high of $146.68. 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 market capitalization of $6.87 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 1.20 and a beta of 1.38.

WABCO (NYSE:WBC) last issued its earnings results on Friday, July 19th. The auto parts company reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.59). The company had revenue of $912.80 million during the quarter, compared to analyst estimates of $983.88 million. WABCO had a return on equity of 27.31% and a net margin of 9.36%. As a group, equities research analysts expect that WABCO Holdings Inc. will post 7.42 earnings per share for the current 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, 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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