Kornitzer Capital Management Inc. KS reduced its holdings in WABCO Holdings Inc. (NYSE:WBC) by 93.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,476 shares of the auto parts company’s stock after selling 243,980 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in WABCO were worth $2,317,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of WBC. Icon Wealth Partners LLC bought a new stake in shares of WABCO in the 1st quarter worth approximately $27,000. Meeder Asset Management Inc. boosted its position in shares of WABCO by 1,152.9% during the first quarter. Meeder Asset Management Inc. now owns 213 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 196 shares in the last quarter. Manchester Capital Management LLC bought a new stake in shares of WABCO during the first quarter valued at approximately $55,000. Quadrant Capital Group LLC boosted its position in shares of WABCO by 108.3% during the first quarter. Quadrant Capital Group LLC now owns 654 shares of the auto parts company’s stock valued at $83,000 after purchasing an additional 340 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new stake in shares of WABCO during the first quarter valued at approximately $106,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.
Several equities research analysts recently weighed in on the company. Wolfe Research lowered WABCO from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 30th. William Blair lowered WABCO from an “outperform” rating to a “market perform” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $133.57.
Shares of NYSE WBC traded up $0.24 during mid-day trading on Friday, hitting $132.28. 247 shares of the stock traded hands, compared to its average volume of 343,888. The stock has a fifty day moving average price of $132.43 and a 200-day moving average price of $131.23. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.19 and a beta of 1.40. WABCO Holdings Inc. has a 52 week low of $98.90 and a 52 week 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 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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