Wabco Holdings Inc. (WBC) Receives Average Rating of “Buy” from Analysts
Wabco Holdings Inc. (NYSE:WBC) has earned an average recommendation of “Buy” from the eighteen analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $146.46.
A number of analysts recently issued reports on WBC shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $150.00 target price (up previously from $130.00) on shares of Wabco Holdings in a research report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $137.00 target price on shares of Wabco Holdings in a research report on Thursday, July 20th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $147.00 target price on shares of Wabco Holdings in a research report on Wednesday, July 19th. BidaskClub raised Wabco Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, 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 report on Tuesday, July 25th.
Shares of Wabco Holdings (NYSE:WBC) traded up 1.38% on Wednesday, hitting $151.47. The stock had a trading volume of 384,761 shares. The stock has a market capitalization of $8.12 billion, a PE ratio of 25.27 and a beta of 1.65. The firm’s 50 day moving average is $143.28 and its 200-day moving average is $128.76. Wabco Holdings has a one year low of $96.10 and a one year high of $151.87.
Wabco Holdings (NYSE:WBC) last released its earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.15. The business had revenue of $795.00 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%. Wabco Holdings’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 earnings per share. Equities research analysts expect that Wabco Holdings will post $6.30 earnings per share for the current fiscal year.
In other Wabco Holdings news, Director G Peter Daloia sold 3,626 shares of the business’s stock in a transaction that occurred on 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 $603,290.48. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Sean Deason sold 789 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was 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 three months, insiders have sold 14,054 shares of company stock worth $1,952,903. Company insiders own 0.79% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Fox Run Management L.L.C. increased its position in Wabco Holdings by 189.5% during the second quarter. Fox Run Management L.L.C. now owns 5,500 shares of the auto parts company’s stock worth $701,000 after buying an additional 3,600 shares during the last quarter. Cipher Capital LP acquired a new position in shares of Wabco Holdings in the second quarter valued at approximately $535,000. Alliancebernstein L.P. grew its position in shares of Wabco Holdings by 4.6% in the second quarter. Alliancebernstein L.P. now owns 461,337 shares of the auto parts company’s stock valued at $58,825,000 after purchasing an additional 20,348 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Wabco Holdings by 20.5% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 16,093 shares of the auto parts company’s stock valued at $2,052,000 after purchasing an additional 2,735 shares during the last quarter. Finally, CI Investments Inc. acquired a new position in shares of Wabco Holdings in the second quarter valued at approximately $6,240,000. 97.53% of the stock is currently owned by hedge funds and other institutional investors.
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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