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

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. “

Several other equities research analysts have also commented on WBC. KeyCorp reissued a “buy” rating and set a $161.00 price target (up previously from $156.00) on shares of Wabco Holdings in a research note on Tuesday. Bank of America Corporation reissued a “buy” rating and set a $150.00 price target on shares of Wabco Holdings in a research note on Saturday, August 19th. BidaskClub lowered Wabco Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Royal Bank Of Canada reissued a “buy” rating and set a $127.00 price target on shares of Wabco Holdings in a research note on Friday, July 7th. Finally, Stifel Nicolaus set a $150.00 price target on Wabco Holdings and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $141.46.

Wabco Holdings (WBC) traded up 0.50% during midday trading on Wednesday, hitting $147.61. The company had a trading volume of 145,620 shares. Wabco Holdings has a 52-week low of $96.10 and a 52-week high of $148.25. The stock has a market cap of $7.92 billion, a PE ratio of 24.62 and a beta of 1.64. The stock’s 50-day moving average price is $139.95 and its 200-day moving average price is $126.19.

Wabco Holdings (NYSE:WBC) last announced its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.15. The business had revenue of $795.00 million for the quarter, compared to analyst estimates of $759.33 million. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.43 EPS. On average, equities research analysts expect that Wabco Holdings will post $6.27 EPS for the current fiscal year.

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In other Wabco Holdings news, insider Lisa Jane Brown sold 1,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 4,228 shares in the company, valued at approximately $591,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Juergen Gromer sold 7,127 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $138.00, for a total value of $983,526.00. Following the completion of the transaction, the director now owns 969 shares of the company’s stock, valued at $133,722. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,054 shares of company stock worth $1,952,903. 0.79% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of WBC. Great West Life Assurance Co. Can raised its holdings in 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 acquiring an additional 461 shares during the last quarter. Henderson Group PLC raised its holdings in Wabco Holdings by 7.3% in the 1st quarter. Henderson Group PLC now owns 5,913 shares of the auto parts company’s stock valued at $694,000 after acquiring an additional 400 shares during the last quarter. US Bancorp DE raised its holdings in Wabco Holdings by 68.6% in the 1st quarter. US Bancorp DE now owns 10,818 shares of the auto parts company’s stock valued at $1,270,000 after acquiring an additional 4,400 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Wabco Holdings by 3.2% in the 1st quarter. Bank of New York Mellon Corp now owns 267,063 shares of the auto parts company’s stock valued at $31,358,000 after acquiring an additional 8,364 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in Wabco Holdings by 240.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,622 shares of the auto parts company’s stock valued at $543,000 after acquiring an additional 3,266 shares during the last quarter. Institutional investors own 97.53% of the company’s stock.

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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Analyst Recommendations for Wabco Holdings (NYSE:WBC)

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