Wabco Holdings Inc. (NYSE:WBC)‘s stock had its “market outperform” rating reissued by analysts at Avondale Partners in a report issued on Monday.
WBC has been the topic of a number of other research reports. Deutsche Bank AG initiated coverage on Wabco Holdings in a research note on Tuesday, September 6th. They set a “hold” rating and a $113.00 price target on the stock. Credit Agricole SA initiated coverage on Wabco Holdings in a research note on Friday, September 30th. They set an “outperform” rating and a $125.00 price target on the stock. Zacks Investment Research upgraded Wabco Holdings from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research note on Wednesday, September 21st. TheStreet upgraded Wabco Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 20th. Finally, Piper Jaffray Cos. reiterated a “neutral” rating and issued a $96.00 target price (up from $94.00) on shares of Wabco Holdings in a research note on Sunday, July 24th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $117.92.
Shares of Wabco Holdings (NYSE:WBC) traded down 0.90% on Monday, hitting $109.47. The stock had a trading volume of 207,064 shares. The firm’s 50-day moving average is $108.49 and its 200-day moving average is $104.40. Wabco Holdings has a one year low of $81.66 and a one year high of $115.80. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 31.49 and a beta of 2.04.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings results on Wednesday, July 20th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. The firm had revenue of $732.20 million for the quarter, compared to the consensus estimate of $706.60 million. Wabco Holdings had a return on equity of 39.45% and a net margin of 7.28%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 EPS. On average, analysts expect that Wabco Holdings will post $5.73 EPS for the current fiscal year.
In related news, insider Nick Rens sold 600 shares of Wabco Holdings stock in a transaction on Monday, August 8th. The stock was sold at an average price of $101.19, for a total transaction of $60,714.00. Following the completion of the transaction, the insider now directly owns 9,665 shares of the company’s stock, valued at $978,001.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.79% of the company’s stock.
A number of institutional investors have recently modified their holdings of WBC. Geode Capital Management LLC boosted its position in shares of Wabco Holdings by 7.8% in the first quarter. Geode Capital Management LLC now owns 339,992 shares of the company’s stock valued at $36,329,000 after buying an additional 24,622 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Wabco Holdings by 1.6% in the first quarter. Loomis Sayles & Co. L P now owns 207,106 shares of the company’s stock valued at $22,143,000 after buying an additional 3,323 shares in the last quarter. Nicholas Investment Partners LP purchased a new position in shares of Wabco Holdings during the first quarter valued at about $2,909,000. Pictet Asset Management Ltd. boosted its position in shares of Wabco Holdings by 145.5% in the first quarter. Pictet Asset Management Ltd. now owns 144,860 shares of the company’s stock valued at $13,660,000 after buying an additional 85,860 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Wabco Holdings by 2.7% in the first quarter. State Street Corp now owns 932,092 shares of the company’s stock valued at $99,651,000 after buying an additional 24,498 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.
Wabco Holdings Company Profile
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.
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