Lionstone Capital Management Lowers stake in WABCO Holdings (WBC)

WABCO Holdings (WBC) : Lionstone Capital Management reduced its stake in WABCO Holdings by 50.0% during the most recent quarter end. The investment management company now holds a total of 49,550 shares of WABCO Holdings which is valued at $5.1 Million after selling 49,550 shares in WABCO Holdings , the firm said in a disclosure report filed with the SEC on May 13, 2016.WABCO Holdings makes up approximately 3.25% of Lionstone Capital Management’s portfolio.

Other Hedge Funds, Including , Oskie Capital Management added WBC to its portfolio by purchasing 41,700 company shares during the most recent quarter which is valued at $4.3 Million. WABCO Holdings makes up approx 2.99% of Oskie Capital Management’s portfolio.Boston Partners boosted its stake in WBC in the latest quarter, The investment management firm added 71,988 additional shares and now holds a total of 708,696 shares of WABCO Holdings which is valued at $73.5 Million. WABCO Holdings makes up approx 0.11% of Boston Partners’s portfolio. Solaris Asset Management sold out all of its stake in WBC during the most recent quarter. The investment firm sold 550 shares of WBC which is valued $57,030.Tocqueville Asset Management boosted its stake in WBC in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 8,050 shares of WABCO Holdings which is valued at $902,888. WABCO Holdings makes up approx 0.01% of Tocqueville Asset Management’s portfolio.

WABCO Holdings opened for trading at $103.27 and hit $106.25 on the upside on Wednesday, eventually ending the session at $105.51, with a gain of 2.77% or 2.84 points. The heightened volatility saw the trading volume jump to 5,57,411 shares. Company has a market cap of $5,935 M.

On the company’s financial health, WABCO Holdings reported $1.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $1.36. The company had revenue of $688.70 million for the quarter, compared to analysts expectations of $677.71 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS.

Many Wall Street Analysts have commented on WABCO Holdings. Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 125 from a previous price target of $117 .Company shares were Reiterated by Stifel on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 124 from a previous price target of $121 .Company shares were Reiterated by Barclays on Apr 13, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 97 from a previous price target of $96 .

WABCO Holdings Inc. is a global supplier of electronic mechanical and mechatronic products. The Company develops manufactures and sells control systems including advanced braking stability suspension transmission automation air compression and processing. Its product groups include actuator air compressor and air processing/air management system foundation brake anti-lock braking system (ABS) conventional braking system electronic braking system (EBS) electronic and conventional air suspension systems transmission automation vehicle electronic architecture vehicle electronic stability control and roll stability support. Its solutions include TX-TRAILERGUARD fleet management solution mBSP modular braking system platform OptiPace OptiFlow Tail solution OnGuardPLUS AEBS and OnGuardPLUS among others. It sells its products to truck and bus original equipment manufacturers (OEMs) trailer OEMs commercial vehicle aftermarket distributors and car manufacturers.

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