Zweig DiMenna Associates LLC Takes $474,000 Position in Wabco Holdings Inc. (WBC)

Zweig DiMenna Associates LLC bought a new position in Wabco Holdings Inc. (NYSE:WBC) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,200 shares of the auto parts company’s stock, valued at approximately $474,000.

Other hedge funds have also recently modified their holdings of the company. Pacad Investment Ltd. bought a new position in Wabco Holdings in the second quarter worth $179,000. Trexquant Investment LP bought a new position in Wabco Holdings in the second quarter worth $204,000. Sawtooth Solutions LLC bought a new position in Wabco Holdings in the second quarter worth $238,000. Laurion Capital Management LP bought a new position in Wabco Holdings in the second quarter worth $242,000. Finally, Parametrica Management Ltd bought a new position in Wabco Holdings in the third quarter worth $252,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Wabco Holdings Inc. (NYSE WBC) traded up $0.14 during trading on Monday, hitting $145.69. The company had a trading volume of 345,600 shares, compared to its average volume of 415,751. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.00 and a quick ratio of 2.60. Wabco Holdings Inc. has a fifty-two week low of $96.10 and a fifty-two week high of $156.08. The company has a market capitalization of $7,816.00, a PE ratio of 22.98, a price-to-earnings-growth ratio of 1.46 and a beta of 1.68.

Wabco Holdings (NYSE:WBC) last released its quarterly earnings results on Thursday, October 19th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.18. Wabco Holdings had a return on equity of 38.93% and a net margin of 9.75%. The business had revenue of $827.80 million during the quarter, compared to analysts’ expectations of $756.57 million. During the same period in the previous year, the business posted $1.54 earnings per share. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. equities analysts predict that Wabco Holdings Inc. will post 6.64 EPS for the current fiscal year.

In related news, Chairman Jacques Esculier sold 172,394 shares of Wabco Holdings stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $151.24, for a total value of $26,072,868.56. Following the completion of the transaction, the chairman now directly owns 312,079 shares of the company’s stock, valued at $47,198,827.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.79% of the company’s stock.

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Several research analysts recently commented on WBC shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $150.00 target price (up from $130.00) on shares of Wabco Holdings in a research report on Friday, July 21st. Royal Bank Of Canada reissued a “buy” rating and set a $137.00 price objective on shares of Wabco Holdings in a report on Thursday, July 20th. Piper Jaffray Companies reissued a “buy” rating and set a $147.00 price objective on shares of Wabco Holdings in a report on Wednesday, July 19th. Robert W. Baird reissued a “buy” rating and set a $149.00 price objective on shares of Wabco Holdings in a report on Thursday, August 24th. Finally, Bank of America Corporation reissued a “buy” rating and set a $150.00 price objective on shares of Wabco Holdings in a report on Saturday, August 19th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $159.80.

Wabco Holdings Company Profile

WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers of commercial trucks, buses and trailers, as well as passenger cars. The Company engineers, develops, manufactures and sells braking, stability, suspension and transmission automation and air management systems primarily for commercial vehicles.

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Institutional Ownership by Quarter for Wabco Holdings (NYSE:WBC)

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