Media stories about Wabco Holdings (NYSE:WBC) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wabco Holdings earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the auto parts company an impact score of 46.409728748088 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Wabco Holdings (NYSE:WBC) last announced its quarterly earnings data on Thursday, July 20th. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.15. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The firm had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $759.33 million. During the same period last year, the firm earned $1.43 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Wabco Holdings from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a research report on Friday, September 29th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $147.00 price objective (up previously from $128.00) on shares of Wabco Holdings in a research report on Wednesday, October 4th. Stifel Nicolaus restated a “buy” rating and set a $160.00 price objective on shares of Wabco Holdings in a research report on Thursday. Berenberg Bank assumed coverage on Wabco Holdings in a research report on Monday, September 25th. They set a “buy” rating and a $173.00 price objective on the stock. Finally, Bank of America Corporation restated a “buy” rating and set a $150.00 price objective on shares of Wabco Holdings in a research report on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Wabco Holdings presently has an average rating of “Buy” and a consensus price target of $146.50.
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In other news, Director G Peter Daloia sold 3,626 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $139.78, for a total transaction of $506,842.28. Following the transaction, the director now directly owns 4,316 shares of the company’s stock, valued at $603,290.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sean Deason sold 789 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $140.50, for a total value of $110,854.50. Following the transaction, the vice president now directly owns 2,277 shares in the company, valued at $319,918.50. The disclosure for this sale can be found here. Insiders have sold 14,054 shares of company stock worth $1,952,903 over the last ninety days. Insiders own 0.79% 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 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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