According to Zacks, “WABCO is one of the world’s leading providers of electronic braking, stability, suspension and transmission control systems for heavy duty commercial vehicles. WABCO products are also increasingly used in luxury cars and sport utility vehicles. “
Other equities analysts also recently issued research reports about the company. Robert W. Baird restated a buy rating on shares of Wabco Holdings in a report on Tuesday, June 28th. TheStreet upgraded Wabco Holdings from a hold rating to a buy rating in a report on Wednesday, July 20th. Barclays PLC upped their target price on Wabco Holdings from $103.00 to $107.00 and gave the company an equal weight rating in a report on Wednesday. Deutsche Bank AG assumed coverage on Wabco Holdings in a report on Tuesday, September 6th. They set a hold rating and a $113.00 target price for the company. Finally, Avondale Partners reiterated a market outperform rating on shares of Wabco Holdings in a report on Monday, October 10th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Wabco Holdings currently has a consensus rating of Hold and an average target price of $117.92.
Wabco Holdings (NYSE:WBC) opened at 107.28 on Friday. The stock has a market capitalization of $5.98 billion, a P/E ratio of 30.86 and a beta of 2.04. Wabco Holdings has a 12-month low of $81.65 and a 12-month high of $115.80. The firm’s 50-day moving average is $108.58 and its 200-day moving average is $104.47.
Wabco Holdings (NYSE:WBC) last announced its earnings results on Wednesday, July 20th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.03. The company earned $732.20 million during 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 revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 earnings per share. Analysts predict that Wabco Holdings will post $5.73 EPS for the current fiscal year.
In related news, insider Nick Rens sold 600 shares of the 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 sale, the insider now directly owns 9,665 shares of the company’s stock, valued at $978,001.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.79% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of WBC. Geode Capital Management LLC increased its position in Wabco Holdings by 7.8% in the first quarter. Geode Capital Management LLC now owns 339,992 shares of the company’s stock worth $36,329,000 after buying an additional 24,622 shares in the last quarter. Westpac Banking Corp increased its position in Wabco Holdings by 20.2% in the second quarter. Westpac Banking Corp now owns 3,836 shares of the company’s stock worth $351,000 after buying an additional 644 shares in the last quarter. British Columbia Investment Management Corp increased its position in Wabco Holdings by 4.6% in the second quarter. British Columbia Investment Management Corp now owns 64,539 shares of the company’s stock worth $5,910,000 after buying an additional 2,827 shares in the last quarter. Prudential Financial Inc. increased its position in Wabco Holdings by 104.8% in the first quarter. Prudential Financial Inc. now owns 7,620 shares of the company’s stock worth $815,000 after buying an additional 3,900 shares in the last quarter. Finally, State Street Corp increased its position in Wabco Holdings by 2.7% in the first quarter. State Street Corp now owns 932,092 shares of the company’s stock worth $99,651,000 after buying an additional 24,498 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.
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.
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