New York State Common Retirement Fund lessened its holdings in shares of WABCO Holdings Inc. (NYSE:WBC) by 1.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 81,400 shares of the auto parts company’s stock after selling 1,400 shares during the quarter. New York State Common Retirement Fund’s holdings in WABCO were worth $10,993,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Citigroup Inc. boosted its holdings in shares of WABCO by 111.2% during the fourth quarter. Citigroup Inc. now owns 2,216,008 shares of the auto parts company’s stock worth $300,269,000 after acquiring an additional 1,166,614 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of WABCO by 46.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,188,332 shares of the auto parts company’s stock worth $296,519,000 after acquiring an additional 696,333 shares during the period. Nuance Investments LLC boosted its holdings in shares of WABCO by 15.4% during the fourth quarter. Nuance Investments LLC now owns 1,676,792 shares of the auto parts company’s stock worth $227,205,000 after acquiring an additional 223,614 shares during the period. State Street Corp boosted its holdings in shares of WABCO by 4.2% during the fourth quarter. State Street Corp now owns 1,197,657 shares of the auto parts company’s stock worth $162,283,000 after acquiring an additional 48,201 shares during the period. Finally, FIL Ltd boosted its holdings in shares of WABCO by 18.3% during the fourth quarter. FIL Ltd now owns 881,100 shares of the auto parts company’s stock worth $119,389,000 after acquiring an additional 136,500 shares during the period. 94.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:WBC opened at $136.37 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.75 and a debt-to-equity ratio of 0.63. The stock has a market cap of $7.01 billion, a PE ratio of 37.36, a P/E/G ratio of 1.37 and a beta of 0.75. The business has a 50 day moving average of $134.94 and a 200-day moving average of $134.82. WABCO Holdings Inc. has a 12-month low of $117.20 and a 12-month high of $136.45.

WABCO (NYSE:WBC) last issued its quarterly earnings results on Friday, February 21st. The auto parts company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.95). The company had revenue of $777.40 million during the quarter, compared to the consensus estimate of $867.97 million. WABCO had a net margin of 5.78% and a return on equity of 13.08%. Equities research analysts expect that WABCO Holdings Inc. will post 6.63 earnings per share for the current year.

Separately, ValuEngine cut WABCO from a “buy” rating to a “hold” rating in a report on Wednesday, April 1st.

About WABCO

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, steering, 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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