Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in WABCO Holdings Inc. (NYSE:WBC) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,567 shares of the auto parts company’s stock after purchasing an additional 500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund owned approximately 0.06% of WABCO worth $3,821,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its holdings in shares of WABCO by 118.2% during the 1st quarter. First Trust Advisors LP now owns 44,560 shares of the auto parts company’s stock worth $5,874,000 after acquiring an additional 24,141 shares during the period. Zions Bancorporation N.A. lifted its holdings in shares of WABCO by 4.5% during the 2nd quarter. Zions Bancorporation N.A. now owns 1,793 shares of the auto parts company’s stock worth $238,000 after acquiring an additional 77 shares during the period. NN Investment Partners Holdings N.V. purchased a new position in shares of WABCO during the 2nd quarter worth about $741,000. Havens Advisors LLC purchased a new position in shares of WABCO during the 2nd quarter worth about $1,525,000. Finally, Alpine Global Management LLC lifted its holdings in shares of WABCO by 70.5% during the 2nd quarter. Alpine Global Management LLC now owns 42,500 shares of the auto parts company’s stock worth $5,636,000 after acquiring an additional 17,570 shares during the period. Institutional investors own 93.48% of the company’s stock.
Separately, ValuEngine downgraded shares of WABCO from a “hold” rating to a “sell” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company’s stock. WABCO presently has a consensus rating of “Hold” and an average target price of $137.08.
WBC opened at $134.97 on Thursday. The firm has a 50 day moving average price of $134.54 and a 200 day moving average price of $132.81. The company has a market cap of $6.90 billion, a PE ratio of 17.15 and a beta of 1.33. 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.
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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