Wabco Holdings Inc. (WBC) Given Consensus Rating of “Buy” by Brokerages
Wabco Holdings Inc. (NYSE:WBC) has earned an average rating of “Buy” from the seventeen research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $139.58.
A number of research firms recently issued reports on WBC. KeyCorp restated a “buy” rating and set a $156.00 price target on shares of Wabco Holdings in a research note on Thursday. Zacks Investment Research downgraded Wabco Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. Robert W. Baird restated a “buy” rating and set a $149.00 price target on shares of Wabco Holdings in a research note on Thursday, August 24th. Buckingham Research began coverage on Wabco Holdings in a research note on Tuesday. They set a “neutral” rating and a $142.00 price target on the stock. Finally, BidaskClub upgraded Wabco Holdings from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th.
In other news, insider Lisa Jane Brown sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $140.00, for a total value of $140,000.00. Following the completion of the sale, the insider now directly owns 4,228 shares of the company’s stock, valued at approximately $591,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sean Deason sold 789 shares of the firm’s 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 completion of the sale, the vice president now directly owns 2,277 shares of the company’s stock, valued at $319,918.50. The disclosure for this sale can be found here. Insiders sold a total of 14,054 shares of company stock valued at $1,952,903 over the last three months. Insiders own 0.79% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of WBC. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Wabco Holdings by 1.4% in the 1st 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. Great West Life Assurance Co. Can lifted its holdings in shares of Wabco Holdings by 2.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 17,583 shares of the auto parts company’s stock valued at $2,063,000 after buying an additional 461 shares during the period. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Wabco Holdings by 12.5% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 2,157 shares of the auto parts company’s stock valued at $253,000 after buying an additional 240 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Wabco Holdings by 1.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 76,195 shares of the auto parts company’s stock valued at $8,947,000 after buying an additional 962 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Wabco Holdings by 27.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 9,881 shares of the auto parts company’s stock valued at $1,207,000 after buying an additional 2,113 shares during the period. 97.54% of the stock is owned by institutional investors and hedge funds.
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Wabco Holdings (NYSE:WBC) traded up 0.17% during midday trading on Friday, hitting $141.90. The company had a trading volume of 476,917 shares. The firm has a 50-day moving average price of $139.05 and a 200-day moving average price of $124.56. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 23.67 and a beta of 1.64. Wabco Holdings has a 12 month low of $96.10 and a 12 month high of $144.98.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. Equities analysts anticipate that Wabco Holdings will post $6.27 EPS for the current year.
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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