Cubist Systematic Strategies LLC grew its stake in WABCO Holdings Inc. (NYSE:WBC) by 73.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,704 shares of the auto parts company’s stock after purchasing an additional 4,100 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in WABCO were worth $1,136,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Capital Fund Management S.A. lifted its stake in shares of WABCO by 47.1% in the 2nd quarter. Capital Fund Management S.A. now owns 121,475 shares of the auto parts company’s stock valued at $14,215,000 after purchasing an additional 38,900 shares during the period. Natixis acquired a new position in shares of WABCO in the 2nd quarter valued at $13,213,000. Fort L.P. acquired a new position in shares of WABCO in the 2nd quarter valued at $118,000. Raymond James & Associates lifted its stake in shares of WABCO by 31.0% in the 2nd quarter. Raymond James & Associates now owns 162,485 shares of the auto parts company’s stock valued at $19,014,000 after purchasing an additional 38,411 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of WABCO by 126.7% in the 2nd quarter. Renaissance Technologies LLC now owns 366,500 shares of the auto parts company’s stock valued at $42,888,000 after purchasing an additional 204,800 shares during the period.

A number of research firms have recently weighed in on WBC. BMO Capital Markets reissued a “hold” rating and issued a $130.00 price target (down previously from $135.00) on shares of WABCO in a research note on Friday, September 14th. Royal Bank of Canada restated a “buy” rating and issued a $160.00 price objective on shares of WABCO in a research report on Friday, July 20th. Robert W. Baird cut shares of WABCO from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 12th. Zacks Investment Research upgraded shares of WABCO from a “hold” rating to a “buy” rating and set a $143.00 price objective for the company in a research report on Friday, May 25th. Finally, ValuEngine cut shares of WABCO from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. WABCO currently has an average rating of “Hold” and a consensus price target of $151.93.

WBC opened at $114.88 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.48 and a quick ratio of 2.07. WABCO Holdings Inc. has a 12 month low of $110.50 and a 12 month high of $162.20. The firm has a market capitalization of $6.11 billion, a P/E ratio of 16.75, a PEG ratio of 1.02 and a beta of 1.84.

WABCO (NYSE:WBC) last released its quarterly earnings data on Thursday, July 19th. The auto parts company reported $2.00 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.10. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $989.16 million. WABCO had a net margin of 11.77% and a return on equity of 34.37%. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.69 EPS. sell-side analysts forecast that WABCO Holdings Inc. will post 7.52 earnings per share for the current fiscal year.

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, transmission automation, and air management systems primarily for commercial vehicles.

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Institutional Ownership by Quarter for WABCO (NYSE:WBC)

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