Vertical Research Lowers Wabco Holdings Inc. (WBC) to Hold
Wabco Holdings Inc. (NYSE:WBC) was downgraded by Vertical Research from a “buy” rating to a “hold” rating in a research report issued on Monday, The Fly reports.
Several other research analysts have also commented on the stock. Deutsche Bank AG increased their price target on shares of Wabco Holdings from $128.00 to $146.00 and gave the stock a “hold” rating in a research note on Friday, July 21st. BidaskClub upgraded shares of Wabco Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Zacks Investment Research lowered shares of Wabco Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Bank of America Corporation set a $150.00 price target on shares of Wabco Holdings and gave the stock a “buy” rating in a research note 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 research note on Friday, July 7th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $159.80.
Shares of Wabco Holdings (NYSE WBC) opened at 153.50 on Monday. The stock has a market capitalization of $8.23 billion, a PE ratio of 25.60 and a beta of 1.65. The company’s 50-day moving average is $147.26 and its 200-day moving average is $131.57. Wabco Holdings has a 12 month low of $96.10 and a 12 month high of $155.94.
Wabco Holdings (NYSE:WBC) last announced its quarterly earnings results on Thursday, October 19th. The auto parts company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.18. Wabco Holdings had a net margin of 9.75% and a return on equity of 41.10%. The company had revenue of $827.80 million for the quarter, compared to analyst estimates of $756.57 million. During the same quarter in the prior year, the business posted $1.54 EPS. Wabco Holdings’s quarterly revenue was up 22.6% on a year-over-year basis. Equities research analysts expect that Wabco Holdings will post $6.47 earnings per share for the current fiscal year.
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In other news, Director Juergen Gromer sold 7,127 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $138.00, for a total transaction of $983,526.00. Following the completion of the transaction, the director now directly owns 969 shares of the company’s stock, valued at approximately $133,722. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lisa Jane Brown sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $140.00, for a total transaction of $140,000.00. Following the transaction, the insider now directly owns 4,228 shares of the company’s stock, valued at $591,920. The disclosure for this sale can be found here. 0.79% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in WBC. Pacad Investment Ltd. bought a new position in shares of Wabco Holdings during the 2nd quarter worth about $179,000. Trexquant Investment LP bought a new position in shares of Wabco Holdings during the 2nd quarter worth about $204,000. Sawtooth Solutions LLC bought a new position in shares of Wabco Holdings during the 2nd quarter worth about $238,000. Laurion Capital Management LP bought a new position in shares of Wabco Holdings during the 2nd quarter worth about $242,000. Finally, Stratos Wealth Partners LTD. lifted its holdings in shares of Wabco Holdings by 4.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,983 shares of the auto parts company’s stock worth $253,000 after acquiring an additional 89 shares during the period. 97.52% of the stock is owned by 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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