November 21, 2016 - By Dolores Ford · 0 Comments
The stock of Wabco Holdings Incorporated (NYSE:WBC) registered a decrease of 9.24% in short interest. WBC’s total short interest was 1.24 million shares in November as published by FINRA. Its down 9.24% from 1.36M shares, reported previously. With 340,000 shares average volume, it will take short sellers 4 days to cover their WBC’s short positions. The short interest to Wabco Holdings Incorporated’s float is 2.37%. About 18,712 shares traded hands. WABCO Holdings Inc. (NYSE:WBC) has declined 10.43% since April 19, 2016 and is downtrending. It has underperformed by 14.29% the S&P500.
WABCO Holdings Inc. is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers. The company has a market cap of $5.50 billion. The Firm engineers, develops, makes and sells systems controlling braking, stability, suspension, transmission automation, as well transmission automation and air management systems for commercial vehicles. It has a 22.16 P/E ratio. It sells its products to truck and bus original equipment manufacturers ; commercial vehicle aftermarket distributors for replacement parts and services and commercial vehicle fleet operators for management solutions and service; trailer OEMs, and car manufacturers.
Insitutional Activity: The institutional sentiment decreased to 0.97 in Q2 2016. Its down 0.32, from 1.29 in 2016Q1. The ratio fall, as 31 funds sold all WABCO Holdings Inc. shares owned while 85 reduced positions. 39 funds bought stakes while 111 increased positions. They now own 52.59 million shares or 2.15% less from 53.74 million shares in 2016Q1.
The Texas-based Dimensional Fund Advsrs L P has invested 0.01% in WABCO Holdings Inc. (NYSE:WBC). Panagora Asset Inc holds 0% or 4,002 shares in its portfolio. Fred Alger Management Inc holds 310,127 shares or 0.15% of its portfolio. Neuberger Berman Gru Limited Company holds 73,046 shares or 0.01% of its portfolio. The Texas-based Stanley Capital Mngmt Llc has invested 2.99% in WABCO Holdings Inc. (NYSE:WBC). Parametric Portfolio Assocs Limited Liability Company accumulated 81,142 shares or 0.01% of the stock. Citadel Advsrs Ltd owns 562,885 shares or 0.06% of their US portfolio. California Employees Retirement Sys last reported 168,100 shares in the company. Metropolitan Life Insur last reported 0% of its portfolio in the stock. Nationwide Fund Advsr reported 38,829 shares or 0.02% of all its holdings. Moreover, Pictet Cie (Europe) Sa has 0.35% invested in WABCO Holdings Inc. (NYSE:WBC) for 18,515 shares. Moreover, Brown Brothers Harriman And has 0% invested in WABCO Holdings Inc. (NYSE:WBC) for 76 shares. Moreover, Fifth Third Bancorporation has 0.04% invested in WABCO Holdings Inc. (NYSE:WBC) for 45,756 shares. Ny State Common Retirement Fund accumulated 0.02% or 129,100 shares. Fjarde Ap, a Alabama-based fund reported 15,757 shares.
Insider Transactions: Since August 8, 2016, the stock had 0 insider purchases, and 2 selling transactions for $165,699 net activity. Rens Nick also sold $60,714 worth of WABCO Holdings Inc. (NYSE:WBC) shares.
Out of 12 analysts covering WABCO Holdings (NYSE:WBC), 7 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 58% are positive. WABCO Holdings has been the topic of 24 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Wednesday, October 12 by Deutsche Bank. The rating was upgraded by Barclays Capital to “Overweight” on Monday, October 24. The rating was upgraded by Bank of America on Monday, March 14 to “Buy”. The rating was maintained by Barclays Capital with “Equal-Weight” on Wednesday, October 12. Barclays Capital initiated the stock with “Equal-Weight” rating in Friday, September 25 report. As per Tuesday, September 8, the company rating was downgraded by Zacks. On Tuesday, September 1 the stock rating was upgraded by Zacks to “Sell”. Piper Jaffray downgraded the shares of WBC in a report on Tuesday, June 28 to “Neutral” rating. The stock of WABCO Holdings Inc. (NYSE:WBC) has “Outperform” rating given on Friday, October 23 by RBC Capital Markets. Goldman Sachs downgraded it to “Neutral” rating and $105 target price in Tuesday, June 28 report.
WABCO Holdings Inc., incorporated on February 20, 2007, is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers. The Firm engineers, develops, makes and sells integrated systems controlling braking, stability, suspension, transmission automation, as well transmission automation and air management systems for commercial vehicles. The Firm sells its products to truck and bus original equipment manufacturers (OEMs); commercial vehicle aftermarket distributors for replacement parts and services and commercial vehicle fleet operators for management solutions and service; trailer OEMs, and car manufacturers. For passenger cars, including sports utility vehicles (SUVs), the Company supplies products for niche applications. The Firm offers its products in Europe, North America, South America, Asia and other.
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By Dolores Ford