Wabco Holdings Inc. (NYSE:WBC)‘s stock had its “buy” rating reiterated by analysts at Stifel Nicolaus in a report issued on Friday, The Fly reports.

WBC has been the subject of a number of other reports. Royal Bank Of Canada reiterated a “buy” rating and set a $127.00 target price on shares of Wabco Holdings in a research report on Friday, July 7th. Piper Jaffray Companies reissued a “buy” rating and set a $147.00 price target on shares of Wabco Holdings in a report on Wednesday. BidaskClub raised Wabco Holdings from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Deutsche Bank AG boosted their price target on Wabco Holdings from $129.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 6th. Finally, Seaport Global Securities initiated coverage on Wabco Holdings in a report on Thursday, April 6th. They set a “buy” rating and a $135.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $129.73.

Wabco Holdings (NYSE:WBC) traded up 3.15% on Friday, reaching $140.50. The company’s stock had a trading volume of 942,703 shares. Wabco Holdings has a 12 month low of $96.09 and a 12 month high of $141.86. The company has a market cap of $7.60 billion, a P/E ratio of 24.59 and a beta of 1.64. The company has a 50-day moving average price of $125.95 and a 200 day moving average price of $117.42.

Wabco Holdings (NYSE:WBC) last released its earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.15. The firm had revenue of $795 million during the quarter, compared to the consensus estimate of $759.33 million. Wabco Holdings had a return on equity of 41.46% and a net margin of 11.23%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 EPS. On average, equities research analysts anticipate that Wabco Holdings will post $6.11 EPS for the current fiscal year.

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A number of institutional investors have recently modified their holdings of the company. Quantitative Systematic Strategies LLC purchased a new position in shares of Wabco Holdings during the second quarter worth about $381,000. US Bancorp DE boosted its position in shares of Wabco Holdings by 91.9% in the second quarter. US Bancorp DE now owns 20,761 shares of the auto parts company’s stock worth $2,648,000 after buying an additional 9,943 shares during the last quarter. Aperio Group LLC boosted its position in shares of Wabco Holdings by 15.7% in the second quarter. Aperio Group LLC now owns 20,731 shares of the auto parts company’s stock worth $2,643,000 after buying an additional 2,808 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Wabco Holdings by 515.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 8,392 shares of the auto parts company’s stock worth $1,070,000 after buying an additional 7,028 shares during the last quarter. Finally, Atria Investments LLC purchased a new position in shares of Wabco Holdings during the second quarter worth about $411,000. 98.52% of the stock is owned by institutional investors and hedge funds.

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.

The Fly

Analyst Recommendations for Wabco Holdings (NYSE:WBC)

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