Lodge Hill Capital LLC trimmed its holdings in shares of WABCO Holdings Inc. (NYSE:WBC) by 43.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,120 shares of the auto parts company’s stock after selling 130,000 shares during the period. WABCO comprises approximately 2.6% of Lodge Hill Capital LLC’s investment portfolio, making the stock its 17th largest holding. Lodge Hill Capital LLC owned 0.32% of WABCO worth $24,269,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new position in shares of WABCO during the fourth quarter worth about $129,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of WABCO by 114.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 935 shares of the auto parts company’s stock worth $134,000 after purchasing an additional 500 shares in the last quarter. American International Group Inc. purchased a new position in shares of WABCO during the fourth quarter worth about $172,000. Zions Bancorporation purchased a new position in shares of WABCO during the third quarter worth about $179,000. Finally, Brown Advisory Inc. purchased a new position in shares of WABCO during the third quarter worth about $202,000. Institutional investors own 97.03% of the company’s stock.
In other news, insider Nicolas Bardot sold 834 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $136.88, for a total value of $114,157.92. Following the sale, the insider now directly owns 4,243 shares of the company’s stock, valued at $580,781.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.79% of the company’s stock.
WBC has been the subject of a number of recent research reports. Zacks Investment Research upgraded WABCO from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research report on Saturday, January 13th. Stifel Nicolaus restated a “buy” rating and issued a $160.00 target price (down previously from $162.00) on shares of WABCO in a research report on Tuesday, February 20th. ValuEngine downgraded WABCO from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BMO Capital Markets reiterated a “market perform” rating and issued a $150.00 price objective (down previously from $160.00) on shares of WABCO in a research report on Friday, February 23rd. Finally, Buckingham Research reiterated a “neutral” rating and issued a $152.00 price objective (down previously from $156.00) on shares of WABCO in a research report on Tuesday, February 20th. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $162.13.
Shares of WABCO Holdings Inc. (NYSE WBC) traded down $1.26 during mid-day trading on Wednesday, reaching $139.17. The company had a trading volume of 229,755 shares, compared to its average volume of 369,421. The stock has a market capitalization of $7,540.16, a PE ratio of 18.53, a price-to-earnings-growth ratio of 1.23 and a beta of 1.80. WABCO Holdings Inc. has a 12 month low of $111.68 and a 12 month high of $162.20. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.93 and a current ratio of 2.23.
WABCO (NYSE:WBC) last issued its quarterly earnings results on Friday, February 16th. The auto parts company reported $2.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.20. The company had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $900.52 million. WABCO had a return on equity of 37.38% and a net margin of 12.29%. The firm’s revenue for the quarter was up 30.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.47 earnings per share. equities research analysts predict that WABCO Holdings Inc. will post 7.6 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: “WABCO Holdings Inc. (NYSE:WBC) Shares Sold by Lodge Hill Capital LLC” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://ledgergazette.com/2018/03/14/wabco-holdings-inc-wbc-shares-sold-by-lodge-hill-capital-llc.html.
WABCO Company Profile
WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers of commercial trucks, buses and trailers, as well as passenger cars. The Company engineers, develops, manufactures and sells braking, stability, suspension and transmission automation and air management systems primarily for commercial vehicles.
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.