WABCO’s (WBC) Buy Rating Reiterated at William Blair

William Blair reiterated their buy rating on shares of WABCO (NYSE:WBC) in a report released on Wednesday.

Several other equities research analysts have also recently weighed in on the company. Morgan Stanley started coverage on WABCO in a research report on Friday, March 2nd. They issued an overweight rating and a $159.00 price objective for the company. Zacks Investment Research raised WABCO from a hold rating to a buy rating and set a $161.00 target price for the company in a research report on Thursday, December 28th. Buckingham Research reaffirmed a neutral rating and issued a $152.00 target price (down from $156.00) on shares of WABCO in a research report on Tuesday, February 20th. Stifel Nicolaus reaffirmed a buy rating and issued a $160.00 target price (down from $162.00) on shares of WABCO in a research report on Tuesday, February 20th. Finally, BMO Capital Markets reaffirmed a market perform rating and issued a $150.00 target price (down from $160.00) on shares of WABCO in a research report on Friday, February 23rd. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $164.07.

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WBC opened at $129.12 on Wednesday. WABCO has a 1-year low of $111.68 and a 1-year high of $162.20. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.23 and a quick ratio of 1.93. The company has a market capitalization of $7,066.75, a PE ratio of 18.82, a price-to-earnings-growth ratio of 1.15 and a beta of 1.80.

WABCO (NYSE:WBC) last posted its quarterly earnings data on Friday, February 16th. The auto parts company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.20. WABCO had a return on equity of 37.38% and a net margin of 12.29%. The company had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $900.52 million. During the same period in the prior year, the business earned $1.47 earnings per share. WABCO’s revenue for the quarter was up 30.9% compared to the same quarter last year. sell-side analysts predict that WABCO will post 7.6 EPS for the current year.

In other WABCO news, insider Nicolas Bardot sold 834 shares of WABCO stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $136.88, for a total transaction of $114,157.92. Following the completion of the transaction, the insider now directly owns 4,243 shares of the company’s stock, valued at $580,781.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Pensionfund Sabic bought a new position in shares of WABCO during the fourth quarter valued at $1,435,000. Congress Asset Management Co. MA lifted its holdings in shares of WABCO by 3.6% during the fourth quarter. Congress Asset Management Co. MA now owns 602,922 shares of the auto parts company’s stock valued at $86,519,000 after acquiring an additional 20,769 shares during the period. Caxton Associates LP bought a new position in shares of WABCO during the third quarter valued at $1,110,000. Legal & General Group Plc lifted its holdings in shares of WABCO by 7.3% during the third quarter. Legal & General Group Plc now owns 72,757 shares of the auto parts company’s stock valued at $10,767,000 after acquiring an additional 4,922 shares during the period. Finally, Aperio Group LLC lifted its holdings in shares of WABCO by 5.8% during the fourth quarter. Aperio Group LLC now owns 27,648 shares of the auto parts company’s stock valued at $3,967,000 after acquiring an additional 1,526 shares during the period. 97.03% of the stock is owned by institutional investors.

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WABCO Company Profile

WABCO Holdings Inc, together with its subsidiaries, supplies electronic, mechanical, electro-mechanical, and aerodynamic products worldwide. The company engineers, develops, manufactures, and sells braking, stability, suspension, transmission automation, and air management systems primarily for commercial vehicles.

Analyst Recommendations for WABCO (NYSE:WBC)

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