Wabco Holdings Inc. (WBC) Set to Announce Earnings on Thursday
Wabco Holdings Inc. (NYSE:WBC) will post its quarterly earnings results before the market opens on Thursday, October 20th. Analysts expect Wabco Holdings to post earnings of $1.48 per share for the quarter.
Wabco Holdings Inc. (NYSE:WBC) opened at 106.87 on Wednesday. The firm’s 50-day moving average is $108.56 and its 200 day moving average is $104.44. Wabco Holdings Inc. has a 12-month low of $81.66 and a 12-month high of $115.80. The stock has a market capitalization of $5.96 billion, a P/E ratio of 30.75 and a beta of 2.04.
A number of equities analysts have recently commented on WBC shares. TheStreet raised shares of Wabco Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 20th. Zacks Investment Research raised shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a report on Wednesday, September 21st. Robert W. Baird reaffirmed a “buy” rating on shares of Wabco Holdings in a report on Tuesday, June 28th. Barclays PLC lifted their target price on shares of Wabco Holdings from $103.00 to $107.00 and gave the company an “equal weight” rating in a report on Wednesday, October 12th. Finally, Deutsche Bank AG started coverage on shares of Wabco Holdings in a report on Tuesday, September 6th. They issued a “hold” rating and a $113.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $117.92.
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In related news, insider Nick Rens sold 600 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $101.19, for a total value of $60,714.00. Following the completion of the sale, the insider now owns 9,665 shares in the company, valued at $978,001.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.79% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in WBC. American Century Companies Inc. increased its stake in Wabco Holdings by 4.3% in the second quarter. American Century Companies Inc. now owns 2,352,715 shares of the company’s stock worth $215,438,000 after buying an additional 97,055 shares in the last quarter. State Street Corp increased its stake in Wabco Holdings by 2.0% in the second quarter. State Street Corp now owns 951,088 shares of the company’s stock worth $87,084,000 after buying an additional 18,996 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Wabco Holdings by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 644,430 shares of the company’s stock worth $59,010,000 after buying an additional 5,650 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Wabco Holdings by 37.1% in the second quarter. TIAA CREF Investment Management LLC now owns 537,691 shares of the company’s stock worth $49,236,000 after buying an additional 145,457 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in Wabco Holdings by 7.0% in the second quarter. BlackRock Fund Advisors now owns 533,115 shares of the company’s stock worth $48,817,000 after buying an additional 34,684 shares in the last quarter. Institutional investors and hedge funds own 95.75% of the company’s stock.
About Wabco Holdings
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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