Kellner Capital LLC purchased a new stake in WABCO Holdings Inc. (NYSE:WBC) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 49,100 shares of the auto parts company’s stock, valued at approximately $6,511,000. WABCO comprises 2.9% of Kellner Capital LLC’s investment portfolio, making the stock its 13th biggest position. Kellner Capital LLC owned about 0.10% of WABCO at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. FTB Advisors Inc. bought a new stake in WABCO in the 2nd quarter valued at $31,000. State Board of Administration of Florida Retirement System boosted its position in shares of WABCO by 9.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 73,035 shares of the auto parts company’s stock valued at $9,684,000 after acquiring an additional 6,475 shares during the period. Meeder Asset Management Inc. boosted its position in shares of WABCO by 359.6% in the second quarter. Meeder Asset Management Inc. now owns 979 shares of the auto parts company’s stock valued at $131,000 after acquiring an additional 766 shares during the period. Oakworth Capital Inc. bought a new stake in WABCO during the second quarter worth about $84,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in WABCO by 47.6% during the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 131,172 shares of the auto parts company’s stock worth $17,393,000 after purchasing an additional 42,300 shares during the period. Institutional investors own 93.17% of the company’s stock.

In other news, insider Nicolas Bardot sold 750 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $132.00, for a total value of $99,000.00. Following the completion of the transaction, the insider now owns 3,053 shares of the company’s stock, valued at $402,996. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.58% of the company’s stock.

Shares of WABCO stock traded up $0.51 on Wednesday, hitting $132.83. The stock had a trading volume of 6,669 shares, compared to its average volume of 341,941. The stock has a 50 day moving average of $132.43 and a 200 day moving average of $131.34. WABCO Holdings Inc. has a twelve month low of $98.90 and a twelve month high of $146.68. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.49 and a current ratio of 2.98. The firm has a market capitalization of $6.78 billion, a P/E ratio of 16.84, a PEG ratio of 1.19 and a beta of 1.40.

Several equities research analysts recently weighed in on the stock. Wolfe Research cut shares of WABCO from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 30th. William Blair cut shares of WABCO from an “outperform” rating to a “market perform” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $133.57.

WABCO Company Profile

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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