Oppenheimer Asset Management Inc. Has $30,000 Stake in WABCO Holdings Inc. (NYSE:WBC)

Oppenheimer Asset Management Inc. trimmed its position in shares of WABCO Holdings Inc. (NYSE:WBC) by 97.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 226 shares of the auto parts company’s stock after selling 10,404 shares during the period. Oppenheimer Asset Management Inc.’s holdings in WABCO were worth $30,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in WBC. Dimensional Fund Advisors LP grew its stake in WABCO by 43.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 377,784 shares of the auto parts company’s stock worth $40,550,000 after buying an additional 114,651 shares in the last quarter. Geode Capital Management LLC grew its stake in WABCO by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 550,672 shares of the auto parts company’s stock worth $59,072,000 after buying an additional 43,765 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in WABCO by 0.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 66,560 shares of the auto parts company’s stock worth $8,775,000 after buying an additional 400 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in WABCO by 3.2% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 4,744 shares of the auto parts company’s stock worth $625,000 after buying an additional 148 shares in the last quarter. Finally, First Allied Advisory Services Inc. acquired a new stake in WABCO during the first quarter worth about $220,000. Hedge funds and other institutional investors own 93.24% of the company’s stock.

In other news, insider Nicolas Bardot sold 750 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $132.00, for a total value of $99,000.00. Following the sale, the insider now directly owns 3,053 shares in the company, valued at approximately $402,996. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.58% of the company’s stock.

Shares of WBC traded down $0.25 during mid-day trading on Friday, reaching $134.22. The company had a trading volume of 261,093 shares, compared to its average volume of 310,445. The company’s 50 day simple moving average is $132.82 and its 200 day simple moving average is $133.30. WABCO Holdings Inc. has a 1-year low of $98.90 and a 1-year high of $146.68. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.49 and a current ratio of 2.98. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 1.21 and a beta of 1.38.

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

WABCO Company 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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