WABCO Holdings Inc. (NYSE:WBC) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 2,469,300 shares, a growth of 34.9% from the July 31st total of 1,829,900 shares. Based on an average daily trading volume, of 376,900 shares, the short-interest ratio is presently 6.6 days. Approximately 4.9% of the company’s shares are sold short.

In related news, insider Nicolas Bardot sold 750 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $132.00, for a total transaction of $99,000.00. Following the transaction, the insider now owns 3,053 shares of the company’s stock, valued at $402,996. The sale 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.

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of WABCO by 1.9% in the second quarter. Vanguard Group Inc. now owns 4,572,088 shares of the auto parts company’s stock worth $606,260,000 after acquiring an additional 84,725 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in WABCO by 6.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,065,682 shares of the auto parts company’s stock valued at $404,149,000 after acquiring an additional 177,454 shares during the last quarter. BlackRock Inc. increased its holdings in shares of WABCO by 0.8% in the 1st quarter. BlackRock Inc. now owns 2,668,252 shares of the auto parts company’s stock worth $351,755,000 after acquiring an additional 21,020 shares during the period. Magnetar Financial LLC increased its holdings in shares of WABCO by 124.5% in the 2nd quarter. Magnetar Financial LLC now owns 1,665,196 shares of the auto parts company’s stock worth $220,805,000 after acquiring an additional 923,359 shares during the period. Finally, Alpine Associates Management Inc. increased its holdings in shares of WABCO by 176.9% in the 2nd quarter. Alpine Associates Management Inc. now owns 1,314,110 shares of the auto parts company’s stock worth $174,252,000 after acquiring an additional 839,507 shares during the period. 93.24% of the stock is owned by hedge funds and other institutional investors.

Shares of WBC traded down $0.25 on Friday, hitting $134.22. 422,879 shares of the stock traded hands, compared to its average volume of 634,530. The company has a quick ratio of 2.49, a current ratio of 2.98 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $6.87 billion, a P/E ratio of 17.05, a P/E/G ratio of 1.20 and a beta of 1.38. The stock’s 50 day moving average is $132.79 and its two-hundred day moving average is $133.22. WABCO has a 1 year low of $98.90 and a 1 year high of $146.68.

WABCO (NYSE:WBC) last issued its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.38 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.59). WABCO had a return on equity of 27.31% and a net margin of 9.36%. The company had revenue of $912.80 million for the quarter, compared to analyst estimates of $983.88 million. Research analysts forecast that WABCO will post 7.42 EPS for the current year.

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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