Stone Ridge Asset Management LLC Invests $4.45 Million in WABCO Holdings Inc. (NYSE:WBC)

Stone Ridge Asset Management LLC bought a new position in shares of WABCO Holdings Inc. (NYSE:WBC) during the second quarter, according to its most recent filing with the SEC. The fund bought 33,522 shares of the auto parts company’s stock, valued at approximately $4,445,000. Stone Ridge Asset Management LLC owned 0.07% of WABCO at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. raised its stake in shares of WABCO by 4.0% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 111,737 shares of the auto parts company’s stock worth $14,730,000 after purchasing an additional 4,264 shares during the period. Havens Advisors LLC bought a new stake in WABCO in the 2nd quarter valued at about $1,525,000. Clearbridge Investments LLC raised its stake in WABCO by 1.7% in the 1st quarter. Clearbridge Investments LLC now owns 805,176 shares of the auto parts company’s stock valued at $106,146,000 after acquiring an additional 13,654 shares during the period. Alpine Associates Management Inc. bought a new stake in WABCO in the 1st quarter valued at about $62,568,000. Finally, BlackRock Inc. raised its stake in WABCO by 0.8% in the 1st quarter. BlackRock Inc. now owns 2,668,252 shares of the auto parts company’s stock valued at $351,755,000 after acquiring an additional 21,020 shares during the period. Institutional investors own 93.17% of the company’s stock.

In other news, insider Nicolas Bardot sold 750 shares of the company’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 sale, the insider now directly owns 3,053 shares in the company, valued at $402,996. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.58% of the company’s stock.

A number of equities research analysts recently issued reports on WBC shares. William Blair cut WABCO from an “outperform” rating to a “market perform” rating in a research note on Friday, April 26th. Wolfe Research cut WABCO from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $133.57.

WABCO stock traded down $0.43 during midday trading on Friday, reaching $132.42. The stock had a trading volume of 433,382 shares, compared to its average volume of 324,853. WABCO Holdings Inc. has a 12 month low of $98.90 and a 12 month high of $146.68. The firm’s 50-day moving average price is $132.46 and its 200 day moving average price is $131.61. The firm has a market capitalization of $6.80 billion, a PE ratio of 16.83, a P/E/G ratio of 1.19 and a beta of 1.40. The company has a quick ratio of 2.49, a current ratio of 2.98 and a debt-to-equity ratio of 0.65.

WABCO (NYSE:WBC) last announced its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $983.88 million. Equities research analysts expect that WABCO Holdings Inc. will post 7.42 EPS for the current year.

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.

Featured Story: Call Option Volume

Institutional Ownership by Quarter for WABCO (NYSE:WBC)

Receive News & Ratings for WABCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WABCO and related companies with MarketBeat.com's FREE daily email newsletter.