Ami Investment Management Inc Lowers stake in WABCO Holdings (WBC)

WABCO Holdings (WBC) : Ami Investment Management Inc reduced its stake in WABCO Holdings by 0.13% during the most recent quarter end. The investment management company now holds a total of 19,035 shares of WABCO Holdings which is valued at $1,930,910 after selling 25 shares in WABCO Holdings , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.WABCO Holdings makes up approximately 1.39% of Ami Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Axiom International Investors De reduced its stake in WBC by selling 137,130 shares or 44.57% in the most recent quarter. The Hedge Fund company now holds 170,520 shares of WBC which is valued at $17,297,549. WABCO Holdings makes up approx 0.47% of Axiom International Investors De’s portfolio.Victory Capital Management Inc reduced its stake in WBC by selling 370,736 shares or 46.39% in the most recent quarter. The Hedge Fund company now holds 428,361 shares of WBC which is valued at $43,410,104. WABCO Holdings makes up approx 0.17% of Victory Capital Management Inc’s portfolio.Concert Wealth Management reduced its stake in WBC by selling 5 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 4,752 shares of WBC which is valued at $476,483. WABCO Holdings makes up approx 0.06% of Concert Wealth Management’s portfolio.Douglas Lane Associates reduced its stake in WBC by selling 100 shares or 3.7% in the most recent quarter. The Hedge Fund company now holds 2,600 shares of WBC which is valued at $259,740. WABCO Holdings makes up approx 0.01% of Douglas Lane Associates’s portfolio.

WABCO Holdings opened for trading at $105.85 and hit $107 on the upside on Tuesday, eventually ending the session at $106.86, with a gain of 1.61% or 1.69 points. The heightened volatility saw the trading volume jump to 3,47,278 shares. Company has a market cap of $5,961 M.

On the company’s financial health, WABCO Holdings reported $1.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.40. The company had revenue of $732.20 million for the quarter, compared to analysts expectations of $705.10 million. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 EPS.

Many Wall Street Analysts have commented on WABCO Holdings. WABCO Holdings was Downgraded by BofA/Merrill to ” Neutral” on Jul 7, 2016. WABCO Holdings was Downgraded by Piper Jaffray to ” Neutral” on Jun 28, 2016. WABCO Holdings was Downgraded by Goldman to ” Neutral” on Jun 28, 2016.

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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