Victory Capital Management Inc. decreased its position in WABCO Holdings Inc. (NYSE:WBC) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 442,056 shares of the auto parts company’s stock after selling 28,994 shares during the period. Victory Capital Management Inc.’s holdings in WABCO were worth $63,435,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Cerebellum GP LLC bought a new position in WABCO in the fourth quarter valued at about $129,000. Zions Bancorporation bought a new position in WABCO in the third quarter valued at about $179,000. Brown Advisory Inc. bought a new position in WABCO in the third quarter valued at about $202,000. Cadence Capital Management LLC bought a new position in WABCO in the third quarter valued at about $207,000. Finally, IFM Investors Pty Ltd bought a new position in WABCO in the fourth quarter valued at about $213,000. 95.63% of the stock is currently owned by institutional investors.

WABCO Holdings Inc. (NYSE:WBC) opened at $146.11 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.00 and a quick ratio of 2.60. WABCO Holdings Inc. has a 12 month low of $110.52 and a 12 month high of $162.20. The company has a market capitalization of $7,840.00, a PE ratio of 26.42, a PEG ratio of 1.33 and a beta of 1.76.

A number of research analysts have weighed in on WBC shares. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 target price on shares of WABCO in a report on Thursday, October 12th. Piper Jaffray Companies reissued a “buy” rating and issued a $167.00 target price on shares of WABCO in a report on Sunday, October 22nd. Citigroup increased their target price on WABCO from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, October 20th. Bank of America increased their target price on WABCO from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Zacks Investment Research raised WABCO from a “hold” rating to a “buy” rating and set a $161.00 target price on the stock in a report on Thursday, December 28th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $160.53.

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About WABCO

WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers of commercial trucks, buses and trailers, as well as passenger cars. The Company engineers, develops, manufactures and sells braking, stability, suspension and 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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