M&T Bank Corp Sells 1,813 Shares of WABCO Holdings Inc. (NYSE:WBC)

M&T Bank Corp lowered its holdings in WABCO Holdings Inc. (NYSE:WBC) by 22.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,398 shares of the auto parts company’s stock after selling 1,813 shares during the period. M&T Bank Corp’s holdings in WABCO were worth $849,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. ZWJ Investment Counsel Inc. boosted its holdings in shares of WABCO by 4.0% in the 1st quarter. ZWJ Investment Counsel Inc. now owns 111,737 shares of the auto parts company’s stock worth $14,730,000 after buying an additional 4,264 shares during the last quarter. Havens Advisors LLC bought a new stake in WABCO in the second quarter worth about $1,525,000. Clearbridge Investments LLC boosted its stake in WABCO by 1.7% in the first 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 last quarter. Alpine Associates Management Inc. purchased a new position in WABCO in the first quarter valued at about $62,568,000. Finally, BlackRock Inc. grew its position in shares of WABCO by 0.8% during 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. 93.24% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Nicolas Bardot sold 750 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.58% of the company’s stock.

NYSE:WBC traded up $0.04 during trading hours on Wednesday, reaching $134.04. The stock had a trading volume of 5,330 shares, compared to its average volume of 292,823. 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 stock has a 50 day simple moving average of $132.76 and a 200 day simple moving average of $133.15. WABCO Holdings Inc. has a 12-month low of $98.90 and a 12-month high of $146.68. The stock has a market cap of $6.85 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 1.20 and a beta of 1.38.

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