Wabco Holdings Inc. (NYSE:WBC) has been assigned an average recommendation of “Buy” from the seventeen analysts that are currently covering the company. Eight investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $113.64.
WBC has been the subject of a number of recent analyst reports. Deutsche Bank AG initiated coverage on shares of Wabco Holdings in a report on Tuesday, September 6th. They set a “hold” rating and a $113.00 price target for the company. Zacks Investment Research raised shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a report on Wednesday, September 21st. TheStreet upgraded shares of Wabco Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 20th. Credit Agricole SA assumed coverage on shares of Wabco Holdings in a research note on Friday, September 30th. They set an “outperform” rating and a $125.00 price objective on the stock. Finally, Piper Jaffray Cos. reiterated a “neutral” rating and set a $96.00 price objective (up from $94.00) on shares of Wabco Holdings in a research note on Sunday, July 24th.
In related news, insider Nick Rens sold 600 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $101.19, for a total value of $60,714.00. Following the sale, the insider now owns 9,665 shares of the company’s stock, valued at approximately $978,001.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Wabco Holdings by 6.2% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 16,904 shares of the company’s stock worth $1,807,000 after buying an additional 980 shares during the period. Aperio Group LLC boosted its stake in Wabco Holdings by 36.7% in the first quarter. Aperio Group LLC now owns 15,622 shares of the company’s stock worth $1,670,000 after buying an additional 4,196 shares during the period. Nisa Investment Advisors L.L.C. boosted its stake in Wabco Holdings by 4.3% in the first quarter. Nisa Investment Advisors L.L.C. now owns 26,720 shares of the company’s stock worth $2,857,000 after buying an additional 1,100 shares during the period. Pacad Investment Ltd. purchased a new stake in Wabco Holdings during the first quarter worth $374,000. Finally, TIAA CREF Investment Management LLC boosted its stake in Wabco Holdings by 4.4% in the first quarter. TIAA CREF Investment Management LLC now owns 392,234 shares of the company’s stock worth $41,938,000 after buying an additional 16,375 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of Wabco Holdings (NYSE:WBC) opened at 112.97 on Friday. The firm has a market cap of $6.30 billion, a P/E ratio of 32.50 and a beta of 2.04. Wabco Holdings has a 12-month low of $81.66 and a 12-month high of $115.80. The company has a 50-day moving average of $107.37 and a 200 day moving average of $104.13.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings results on Wednesday, July 20th. The company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.03. The business earned $732.20 million during the quarter, compared to analyst estimates of $706.60 million. Wabco Holdings had a net margin of 7.28% and a return on equity of 39.45%. The business’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the business earned $1.40 EPS. Equities research analysts anticipate that Wabco Holdings will post $5.73 earnings per share for the current fiscal year.
About Wabco Holdings
WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers. The Company engineers, develops, manufactures and sells systems controlling braking, stability, suspension, transmission automation, as well transmission automation and air management systems for commercial vehicles.
Receive News & Ratings for Wabco Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabco Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.