Stockbridge Partners Lowers stake in WABCO Holdings (WBC)

WABCO Holdings (WBC) : Stockbridge Partners reduced its stake in WABCO Holdings by 12.0% during the most recent quarter end. The investment management company now holds a total of 1,021,888 shares of WABCO Holdings which is valued at $104,436,954 after selling 139,308 shares in WABCO Holdings , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.WABCO Holdings makes up approximately 5.29% of Stockbridge Partners’s portfolio.

Other Hedge Funds, Including , Amalgamated Bank sold out all of its stake in WBC during the most recent quarter. The investment firm sold 8,436 shares of WBC which is valued $862,159.Dimensional Fund Advisors Lp boosted its stake in WBC in the latest quarter, The investment management firm added 6,055 additional shares and now holds a total of 238,793 shares of WABCO Holdings which is valued at $24,218,386. WABCO Holdings makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.Boston Partners boosted its stake in WBC in the latest quarter, The investment management firm added 73,559 additional shares and now holds a total of 896,386 shares of WABCO Holdings which is valued at $89,746,166. WABCO Holdings makes up approx 0.12% of Boston Partners’s portfolio.Teachers Advisors reduced its stake in WBC by selling 21,806 shares or 5.3% in the most recent quarter. The Hedge Fund company now holds 389,837 shares of WBC which is valued at $38,714,712. WABCO Holdings makes up approx 0.07% of Teachers Advisors’s portfolio.

WABCO Holdings closed down -1.35 points or -1.33% at $100 with 9,83,939 shares getting traded on Monday. Post opening the session at $100.42, the shares hit an intraday low of $99.73 and an intraday high of $101.54 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, WABCO Holdings reported $1.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $1.48. The company had revenue of $675.40 million for the quarter, compared to analysts expectations of $700.71 million. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS.

Many Wall Street Analysts have commented on WABCO Holdings. Barclays Upgraded WABCO Holdings on Oct 24, 2016 to ” Overweight”, Price Target of the shares are set at $107.Deutsche Bank Initiated WABCO Holdings on Sep 7, 2016 to “Hold”, Price Target of the shares are set at $113.

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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