Wabco Holdings Inc. (NYSE:WBC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.

According to Zacks, “WABCO is one of the world’s leading providers of electronic braking, stability, suspension and transmission control systems for heavy duty commercial vehicles. WABCO products are also increasingly used in luxury cars and sport utility vehicles. “

A number of other research analysts also recently weighed in on the stock. Deutsche Bank AG raised their price target on shares of Wabco Holdings from $128.00 to $146.00 and gave the company a “hold” rating in a report on Friday, July 21st. BidaskClub upgraded shares of Wabco Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Royal Bank Of Canada restated a “buy” rating and set a $127.00 price target on shares of Wabco Holdings in a report on Friday, June 2nd. Bank of America Corporation set a $150.00 price target on shares of Wabco Holdings and gave the company a “buy” rating in a report on Friday, July 21st. Finally, BMO Capital Markets restated a “hold” rating and set a $115.00 price target on shares of Wabco Holdings in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $140.00.

Shares of Wabco Holdings (WBC) opened at 141.66 on Friday. Wabco Holdings has a 12 month low of $96.10 and a 12 month high of $144.98. The company’s 50-day moving average is $138.89 and its 200-day moving average is $124.43. The stock has a market capitalization of $7.60 billion, a PE ratio of 23.63 and a beta of 1.64.

Wabco Holdings (NYSE:WBC) last released its quarterly 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 business had revenue of $795 million for the quarter, compared to the consensus estimate of $759.33 million. Wabco Holdings had a net margin of 11.23% and a return on equity of 40.21%. Wabco Holdings’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 EPS. Equities research analysts expect that Wabco Holdings will post $6.27 earnings per share for the current fiscal year.

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In other news, insider Lisa Jane Brown sold 1,000 shares of Wabco Holdings stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $140.00, for a total transaction of $140,000.00. Following the sale, the insider now directly owns 4,228 shares in the company, valued at approximately $591,920. The sale was disclosed in a document filed with the SEC, which is available through 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 transaction of $110,854.50. Following the sale, the vice president now owns 2,277 shares in the company, valued at $319,918.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,054 shares of company stock worth $1,952,903. 0.79% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Wabco Holdings by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,202,800 shares of the auto parts company’s stock valued at $535,900,000 after acquiring an additional 98,206 shares in the last quarter. BlackRock Inc. boosted its position in shares of Wabco Holdings by 4,696.5% during the 1st quarter. BlackRock Inc. now owns 2,830,351 shares of the auto parts company’s stock valued at $332,341,000 after acquiring an additional 2,771,342 shares in the last quarter. FMR LLC boosted its position in shares of Wabco Holdings by 271.4% during the 2nd quarter. FMR LLC now owns 2,292,816 shares of the auto parts company’s stock valued at $292,356,000 after acquiring an additional 1,675,407 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Wabco Holdings by 2.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,590,262 shares of the auto parts company’s stock valued at $202,774,000 after acquiring an additional 44,578 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Wabco Holdings by 4.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,489,226 shares of the auto parts company’s stock valued at $189,891,000 after acquiring an additional 56,673 shares in the last quarter. Institutional investors and hedge funds own 97.54% 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 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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Analyst Recommendations for Wabco Holdings (NYSE:WBC)

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