Wabco Holdings Inc. (WBC) VP Sean Deason Sells 789 Shares
Wabco Holdings Inc. (NYSE:WBC) VP Sean Deason sold 789 shares of Wabco Holdings stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $140.50, for a total value of $110,854.50. Following the sale, the vice president now directly owns 2,277 shares in the company, valued at approximately $319,918.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Wabco Holdings Inc. (NYSE WBC) traded down 1.57% during trading on Wednesday, hitting $137.07. The stock had a trading volume of 376,132 shares. Wabco Holdings Inc. has a 12 month low of $96.09 and a 12 month high of $141.86. The company has a market cap of $7.35 billion, a PE ratio of 22.86 and a beta of 1.64. The company’s 50 day moving average is $126.86 and its 200-day moving average is $117.96.
Wabco Holdings (NYSE:WBC) last posted its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, beating the 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 million during the quarter, compared to analysts’ expectations of $759.33 million. During the same quarter last year, the firm earned $1.43 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts predict that Wabco Holdings Inc. will post $6.24 earnings per share for the current year.
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Several large investors have recently bought and sold shares of WBC. Congress Asset Management Co. MA bought a new stake in Wabco Holdings during the second quarter valued at approximately $72,575,000. Quantitative Systematic Strategies LLC bought a new stake in Wabco Holdings during the second quarter valued at approximately $381,000. US Bancorp DE boosted its stake in Wabco Holdings by 91.9% in the second quarter. US Bancorp DE now owns 20,761 shares of the auto parts company’s stock valued at $2,648,000 after buying an additional 9,943 shares in the last quarter. Aperio Group LLC boosted its stake in Wabco Holdings by 15.7% in the second quarter. Aperio Group LLC now owns 20,731 shares of the auto parts company’s stock valued at $2,643,000 after buying an additional 2,808 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in 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 valued at $1,070,000 after buying an additional 7,028 shares in the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the company. Stifel Nicolaus reissued a “buy” rating and set a $150.00 target price (up previously from $130.00) on shares of Wabco Holdings in a research note on Friday, July 21st. Zacks Investment Research raised Wabco Holdings from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a research note on Tuesday. Piper Jaffray Companies reissued a “buy” rating and set a $147.00 target price on shares of Wabco Holdings in a research note on Wednesday, July 19th. Royal Bank Of Canada reissued a “buy” rating and set a $127.00 target price on shares of Wabco Holdings in a research note on Friday, July 7th. Finally, BMO Capital Markets reissued a “hold” rating and set a $115.00 target price on shares of Wabco Holdings in a research note on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $135.00.
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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