Toronto Dominion Bank Cuts Stake in WABCO Holdings Inc. (NYSE:WBC)

Toronto Dominion Bank lowered its holdings in shares of WABCO Holdings Inc. (NYSE:WBC) by 14.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,017 shares of the auto parts company’s stock after selling 1,375 shares during the quarter. Toronto Dominion Bank’s holdings in WABCO were worth $1,063,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. grew its position in shares of WABCO by 4.0% during the first 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 in the last quarter. Havens Advisors LLC purchased a new stake in shares of WABCO during the second quarter worth about $1,525,000. Clearbridge Investments LLC grew its position in shares of WABCO by 1.7% during the first quarter. Clearbridge Investments LLC now owns 805,176 shares of the auto parts company’s stock worth $106,146,000 after purchasing an additional 13,654 shares in the last quarter. Alpine Associates Management Inc. purchased a new stake in shares of WABCO during the first quarter worth about $62,568,000. Finally, Public Employees Retirement System of Ohio grew its position in shares of WABCO by 43.6% during the second quarter. Public Employees Retirement System of Ohio now owns 69,048 shares of the auto parts company’s stock worth $9,156,000 after purchasing an additional 20,962 shares in the last quarter. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Shares of NYSE:WBC traded up $0.01 during trading on Wednesday, hitting $134.23. 2,490 shares of the company’s stock were exchanged, compared to its average volume of 317,510. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.98 and a quick ratio of 2.49. WABCO Holdings Inc. has a 52-week low of $98.90 and a 52-week high of $146.68. The business’s 50-day simple moving average is $132.93 and its 200 day simple moving average is $133.53. The company has a market cap of $6.88 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 1.21 and a beta of 1.38.

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

In other WABCO news, insider Nicolas Bardot sold 750 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $132.00, for a total transaction of $99,000.00. Following the completion of the transaction, the insider now owns 3,053 shares in the company, valued at approximately $402,996. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.58% of the company’s stock.

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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