WABCO Holdings (WBC) : Stockbridge Partners scooped up 26,321 additional shares in WABCO Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,308,488 shares of WABCO Holdings which is valued at $132,733,023.WABCO Holdings makes up approximately 6.06% of Stockbridge Partners’s portfolio.
Other Hedge Funds, Including , Voya Investment Management reduced its stake in WBC by selling 590 shares or 2.51% in the most recent quarter. The Hedge Fund company now holds 22,912 shares of WBC which is valued at $2,324,193. WABCO Holdings makes up approx 0.01% of Voya Investment Management’s portfolio.Grantham Mayo Van Otterloo reduced its stake in WBC by selling 2,306,440 shares or 99.41% in the most recent quarter. The Hedge Fund company now holds 13,796 shares of WBC which is valued at $1,399,466. WABCO Holdings makes up approx 0.01% of Grantham Mayo Van Otterloo’s portfolio.Ami Investment Management Inc reduced its stake in WBC by selling 25 shares or 0.13% in the most recent quarter. The Hedge Fund company now holds 19,035 shares of WBC which is valued at $1,930,910. WABCO Holdings makes up approx 1.39% of Ami Investment Management Inc’s portfolio.Engineers Gate Manager Lp boosted its stake in WBC in the latest quarter, The investment management firm added 2,746 additional shares and now holds a total of 34,000 shares of WABCO Holdings which is valued at $3,448,960. WABCO Holdings makes up approx 0.23% of Engineers Gate Manager Lp’s portfolio.
WABCO Holdings closed down -0.01 points or -0.01% at $106.75 with 2,22,176 shares getting traded on Thursday. Post opening the session at $107.05, the shares hit an intraday low of $105.86 and an intraday high of $107.86 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.