Ativo Capital Management Lowers stake in WABCO Holdings (WBC)

WABCO Holdings (WBC) : Ativo Capital Management reduced its stake in WABCO Holdings by 0.47% during the most recent quarter end. The investment management company now holds a total of 88,601 shares of WABCO Holdings which is valued at $8,987,685 after selling 418 shares in WABCO Holdings , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.WABCO Holdings makes up approximately 2.09% of Ativo Capital Management’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates reduced its stake in WBC by selling 4,666 shares or 5.44% in the most recent quarter. The Hedge Fund company now holds 81,142 shares of WBC which is valued at $8,231,044. WABCO Holdings makes up approx 0.01% of Parametric Portfolio Associates’s portfolio. Castleark Management sold out all of its stake in WBC during the most recent quarter. The investment firm sold 11,860 shares of WBC which is valued $1,203,078.Quantbot Technologies Lp boosted its stake in WBC in the latest quarter, The investment management firm added 20,130 additional shares and now holds a total of 21,679 shares of WABCO Holdings which is valued at $2,150,557. WABCO Holdings makes up approx 0.22% of Quantbot Technologies Lp’s portfolio.

WABCO Holdings opened for trading at $106.65 and hit $107.74 on the upside on Monday, eventually ending the session at $107.02, with a gain of 0.22% or 0.24 points. The heightened volatility saw the trading volume jump to 2,23,314 shares. Company has a market cap of $5,970 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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