WBC has been the topic of several other reports. Morgan Stanley set a $135.00 price objective on WABCO and gave the company a buy rating in a research note on Thursday, September 13th. Mizuho initiated coverage on WABCO in a research note on Thursday, June 28th. They issued a neutral rating and a $130.00 price objective on the stock. Zacks Investment Research lowered WABCO from a buy rating to a hold rating in a research note on Saturday, July 7th. Bank of America lowered WABCO from a buy rating to an underperform rating and reduced their price objective for the company from $130.00 to $95.00 in a research note on Wednesday. Finally, BMO Capital Markets reissued a hold rating and set a $130.00 price target (down from $135.00) on shares of WABCO in a research note on Friday, September 14th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $135.50.
NYSE:WBC traded down $0.12 during trading hours on Friday, hitting $105.89. The company’s stock had a trading volume of 971,889 shares, compared to its average volume of 627,116. The firm has a market capitalization of $5.61 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 0.92 and a beta of 1.82. The company has a quick ratio of 2.07, a current ratio of 2.48 and a debt-to-equity ratio of 0.67. WABCO has a twelve month low of $101.23 and a twelve month high of $162.20.
Several hedge funds have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY boosted its stake in shares of WABCO by 11.4% during the second quarter. Metropolitan Life Insurance Co. NY now owns 4,216 shares of the auto parts company’s stock valued at $493,000 after purchasing an additional 433 shares in the last quarter. Daiwa SB Investments Ltd. boosted its stake in shares of WABCO by 9.1% during the third quarter. Daiwa SB Investments Ltd. now owns 5,970 shares of the auto parts company’s stock valued at $704,000 after purchasing an additional 500 shares in the last quarter. Amalgamated Bank boosted its stake in shares of WABCO by 6.8% during the first quarter. Amalgamated Bank now owns 10,815 shares of the auto parts company’s stock valued at $1,448,000 after purchasing an additional 689 shares in the last quarter. Wesbanco Bank Inc. lifted its stake in shares of WABCO by 28.6% in the second quarter. Wesbanco Bank Inc. now owns 3,600 shares of the auto parts company’s stock worth $421,000 after acquiring an additional 800 shares during the period. Finally, Xact Kapitalforvaltning AB lifted its stake in shares of WABCO by 7.0% in the first quarter. Xact Kapitalforvaltning AB now owns 12,351 shares of the auto parts company’s stock worth $1,653,000 after acquiring an additional 811 shares during the period. 96.98% of the stock is currently owned by hedge funds and other institutional investors.
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.
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