Shares of Wabco Holdings Inc. (NYSE:WBC) have received an average rating of “Buy” from the fifteen brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $135.00.

Several research firms have issued reports on WBC. BidaskClub downgraded Wabco Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Stifel Nicolaus restated a “buy” rating and set a $150.00 price objective (up previously from $130.00) on shares of Wabco Holdings in a report on Friday, July 21st. Royal Bank Of Canada restated a “buy” rating and set a $127.00 price objective on shares of Wabco Holdings in a report on Friday, July 7th. Zacks Investment Research upgraded Wabco Holdings from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a report on Tuesday, July 25th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $147.00 price objective on shares of Wabco Holdings in a report on Wednesday, July 19th.

In other Wabco Holdings news, Director G Peter Daloia sold 3,626 shares of Wabco Holdings stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $139.78, for a total transaction of $506,842.28. Following the transaction, the director now owns 4,316 shares of the company’s stock, valued at approximately $603,290.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Sean Deason sold 789 shares of Wabco Holdings stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $140.50, for a total value of $110,854.50. Following the transaction, the vice president now directly owns 2,277 shares in the company, valued at approximately $319,918.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,054 shares of company stock worth $1,952,903. Company insiders own 0.79% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in WBC. Concert Wealth Management Inc. boosted its position in Wabco Holdings by 0.8% in the first quarter. Concert Wealth Management Inc. now owns 2,486 shares of the auto parts company’s stock valued at $266,000 after buying an additional 19 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in Wabco Holdings by 0.3% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 13,525 shares of the auto parts company’s stock valued at $1,588,000 after buying an additional 45 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its position in Wabco Holdings by 1.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,816 shares of the auto parts company’s stock valued at $448,000 after buying an additional 51 shares during the period. Stratos Wealth Partners LTD. boosted its position in Wabco Holdings by 4.7% in the second quarter. Stratos Wealth Partners LTD. now owns 1,983 shares of the auto parts company’s stock valued at $253,000 after buying an additional 89 shares during the period. Finally, Gulf International Bank UK Ltd boosted its position in Wabco Holdings by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 16,690 shares of the auto parts company’s stock valued at $1,959,000 after buying an additional 100 shares during the period. 96.35% of the stock is currently owned by institutional investors.

Wabco Holdings (NYSE:WBC) traded down 0.68% during midday trading on Tuesday, hitting $138.71. 198,497 shares of the company’s stock traded hands. Wabco Holdings has a 52 week low of $96.10 and a 52 week high of $144.98. The company has a market capitalization of $7.44 billion, a PE ratio of 23.14 and a beta of 1.65. The company has a 50 day moving average of $133.75 and a 200-day moving average of $121.56.

Wabco Holdings (NYSE:WBC) last posted its quarterly earnings data on Thursday, July 20th. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.15. The firm had revenue of $795 million for the quarter, compared to the consensus estimate of $759.33 million. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.43 EPS. Equities research analysts predict that Wabco Holdings will post $6.27 earnings per share for the current year.

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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.

Analyst Recommendations for Wabco Holdings (NYSE:WBC)

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