WBC has been the subject of several other reports. JPMorgan Chase & Co. dropped their price target on Wabco Holdings from $109.00 to $100.00 and set a neutral rating for the company in a research note on Monday, August 15th. Piper Jaffray Cos. reaffirmed a neutral rating and issued a $96.00 target price (up previously from $94.00) on shares of Wabco Holdings in a research report on Sunday, July 24th. Robert W. Baird reaffirmed a buy rating on shares of Wabco Holdings in a research report on Tuesday, June 28th. TheStreet raised Wabco Holdings from a hold rating to a buy rating in a research report on Wednesday, July 20th. Finally, Barclays PLC upped their target price on Wabco Holdings from $103.00 to $107.00 and gave the stock an equal weight rating in a research report on Wednesday, October 12th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $117.92.
Wabco Holdings (NYSE:WBC) opened at 106.06 on Wednesday. Wabco Holdings has a 52-week low of $81.66 and a 52-week high of $115.80. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 30.51 and a beta of 2.04. The firm’s 50-day moving average price is $108.57 and its 200 day moving average price is $104.44.
In other Wabco Holdings news, insider Nick Rens sold 600 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 9,665 shares of the company’s stock, valued at approximately $978,001.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.79% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd boosted its stake in shares of Wabco Holdings by 1,000.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the company’s stock worth $101,000 after buying an additional 1,000 shares during the last quarter. Advisor Group Inc. bought a new stake in shares of Wabco Holdings during the second quarter worth $102,000. Nordea Investment Management AB boosted its stake in shares of Wabco Holdings by 6.7% in the second quarter. Nordea Investment Management AB now owns 1,539 shares of the company’s stock worth $141,000 after buying an additional 97 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Wabco Holdings by 92.3% in the second quarter. BNP Paribas Arbitrage SA now owns 1,602 shares of the company’s stock worth $147,000 after buying an additional 769 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of Wabco Holdings by 1,228.0% in the third quarter. Creative Planning now owns 1,421 shares of the company’s stock worth $161,000 after buying an additional 1,314 shares during the last quarter. Institutional investors and hedge funds own 95.75% of the company’s stock.
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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