Wabco Holdings’ (WBC) Neutral Rating Reiterated at Goldman Sachs Group, Inc. (The)
Wabco Holdings Inc. (NYSE:WBC)‘s stock had its “neutral” rating restated by Goldman Sachs Group, Inc. (The) in a research report issued on Wednesday. They currently have a $147.00 price objective on the auto parts company’s stock, up from their previous price objective of $128.00. Goldman Sachs Group, Inc. (The)’s price objective points to a potential downside of 1.61% from the stock’s current price.
A number of other analysts also recently commented on the stock. BidaskClub downgraded shares of Wabco Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 15th. BMO Capital Markets reaffirmed a “hold” rating and issued a $115.00 target price on shares of Wabco Holdings in a report on Friday, July 7th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $127.00 target price on shares of Wabco Holdings in a report on Friday, July 7th. Zacks Investment Research cut shares of Wabco Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $147.00 price target on shares of Wabco Holdings in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $145.79.
Shares of Wabco Holdings (WBC) traded up 1.208% on Wednesday, hitting $151.215. The stock had a trading volume of 145,036 shares. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 25.224 and a beta of 1.65. The firm’s 50-day moving average is $142.91 and its 200-day moving average is $128.60. Wabco Holdings has a one year low of $96.10 and a one year high of $151.63.
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, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.15. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The company had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $759.33 million. During the same quarter in the previous year, the firm posted $1.43 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts expect that Wabco Holdings will post $6.30 EPS for the current fiscal year.
In other news, Director G Peter Daloia sold 3,626 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 4,316 shares in the company, valued at approximately $603,290.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Juergen Gromer sold 7,127 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $138.00, for a total value of $983,526.00. Following the sale, 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 quarter, insiders sold 14,054 shares of company stock worth $1,952,903. 0.79% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Lord Abbett & CO. LLC acquired a new position in Wabco Holdings in the second quarter valued at $24,187,000. Advisory Services Network LLC grew its position in Wabco Holdings by 0.6% during the second quarter. Advisory Services Network LLC now owns 7,046 shares of the auto parts company’s stock valued at $898,000 after acquiring an additional 40 shares during the period. Castleark Management LLC purchased a new stake in Wabco Holdings during the second quarter valued at about $15,203,000. Nomura Holdings Inc. purchased a new stake in Wabco Holdings during the second quarter valued at about $384,000. Finally, IHT Wealth Management LLC grew its position in Wabco Holdings by 190.0% during the second quarter. IHT Wealth Management LLC now owns 290 shares of the auto parts company’s stock valued at $256,000 after acquiring an additional 190 shares during the period. 97.53% of the stock is currently owned by institutional investors and hedge funds.
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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