Wabco Holdings Inc. (NYSE:WBC) has received an average recommendation of “Buy” from the seventeen research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $141.08.
A number of brokerages recently weighed in on WBC. Royal Bank Of Canada reissued a “buy” rating and issued a $137.00 price target on shares of Wabco Holdings in a research report on Thursday, July 20th. Zacks Investment Research cut shares of Wabco Holdings from a “buy” rating to a “hold” rating in a research report on Friday. Robert W. Baird reissued a “buy” rating and issued a $149.00 price target on shares of Wabco Holdings in a research report on Thursday, August 24th. BidaskClub cut shares of Wabco Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, BMO Capital Markets reissued a “hold” rating and issued a $115.00 price target on shares of Wabco Holdings in a research report on Friday, July 7th.
Shares of Wabco Holdings (WBC) traded up 0.45% during trading on Friday, reaching $142.50. The company had a trading volume of 248,362 shares. The firm has a market capitalization of $7.64 billion, a PE ratio of 23.77 and a beta of 1.64. Wabco Holdings has a 1-year low of $96.10 and a 1-year high of $144.98. The firm has a 50-day moving average of $139.01 and a 200 day moving average of $124.80.
Wabco Holdings (NYSE:WBC) last issued its earnings results on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.15. The firm had revenue of $795.00 million during the quarter, compared to the consensus estimate of $759.33 million. Wabco Holdings had a net margin of 11.23% and a return on equity of 40.21%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 earnings per share. Analysts expect that Wabco Holdings will post $6.27 earnings per share for the current year.
In other news, insider Lisa Jane Brown sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $140.00, for a total value of $140,000.00. Following the completion of the sale, the insider now directly owns 4,228 shares of the company’s stock, valued at $591,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Juergen Gromer sold 7,127 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $138.00, for a total transaction of $983,526.00. Following the completion of the sale, the director now directly owns 969 shares of the company’s stock, valued at $133,722. The disclosure for this sale can be found here. Insiders sold 14,054 shares of company stock valued at $1,952,903 over the last ninety days. Corporate insiders own 0.79% of the company’s stock.
Several large investors have recently made changes to their positions in WBC. BlackRock Inc. raised its holdings in shares of Wabco Holdings by 4,696.5% in the first quarter. BlackRock Inc. now owns 2,830,351 shares of the auto parts company’s stock valued at $332,341,000 after buying an additional 2,771,342 shares during the last quarter. FMR LLC raised its holdings in shares of Wabco Holdings by 271.4% in the second quarter. FMR LLC now owns 2,292,816 shares of the auto parts company’s stock valued at $292,356,000 after buying an additional 1,675,407 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Wabco Holdings by 303.6% in the first quarter. Goldman Sachs Group Inc. now owns 895,070 shares of the auto parts company’s stock valued at $105,099,000 after buying an additional 673,287 shares during the last quarter. Congress Asset Management Co. MA purchased a new stake in shares of Wabco Holdings in the second quarter valued at about $72,575,000. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in shares of Wabco Holdings in the first quarter valued at about $47,339,000. 97.54% of the stock is owned by institutional investors and hedge funds.
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About Wabco Holdings
WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers of commercial trucks, buses and trailers, as well as passenger cars. The Company engineers, develops, manufactures and sells braking, stability, suspension and transmission automation and air management systems primarily for commercial vehicles.
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