William Blair Weighs in on Wabco Holdings Inc.’s FY2017 Earnings (WBC)
Wabco Holdings Inc. (NYSE:WBC) – William Blair raised their FY2017 earnings estimates for Wabco Holdings in a report released on Thursday. William Blair analyst L. De. Maria now expects that the auto parts company will earn $6.65 per share for the year, up from their previous estimate of $6.25. William Blair also issued estimates for Wabco Holdings’ Q4 2017 earnings at $1.78 EPS and FY2018 earnings at $7.50 EPS.
Wabco Holdings (NYSE:WBC) last posted its quarterly earnings data on Thursday, October 19th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $756.57 million. During the same period in the previous year, the firm posted $1.54 EPS. The firm’s revenue was up 22.6% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: “William Blair Weighs in on Wabco Holdings Inc.’s FY2017 Earnings (WBC)” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/10/23/william-blair-weighs-in-on-wabco-holdings-inc-s-fy2017-earnings-wbc-2.html.
Several other equities analysts have also recently weighed in on WBC. Piper Jaffray Companies reaffirmed a “buy” rating and set a $167.00 target price on shares of Wabco Holdings in a research note on Sunday. Zacks Investment Research raised shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $166.00 target price for the company in a research note on Friday, September 29th. Royal Bank Of Canada raised their target price on shares of Wabco Holdings to $169.00 and gave the company an “outperform” rating in a research note on Friday. Buckingham Research raised their target price on shares of Wabco Holdings from $148.00 to $154.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Robert W. Baird raised their target price on shares of Wabco Holdings from $170.00 to $182.00 and gave the company an “outperform” rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Wabco Holdings currently has a consensus rating of “Buy” and an average target price of $159.80.
Shares of Wabco Holdings (NYSE WBC) opened at 154.66 on Monday. The stock’s 50 day moving average is $147.26 and its 200-day moving average is $131.57. The company has a market capitalization of $8.29 billion, a P/E ratio of 25.80 and a beta of 1.65. Wabco Holdings has a 12-month low of $96.10 and a 12-month high of $155.94.
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 value of $983,526.00. Following the completion of the sale, the director now owns 969 shares in the company, valued at approximately $133,722. The transaction was disclosed in a document filed 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 completion of the sale, the insider now owns 4,228 shares of the company’s stock, valued at approximately $591,920. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Wabco Holdings by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 4,202,800 shares of the auto parts company’s stock worth $535,900,000 after acquiring an additional 98,206 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Wabco Holdings by 4,696.5% in the 1st quarter. BlackRock Inc. now owns 2,830,351 shares of the auto parts company’s stock worth $332,341,000 after acquiring an additional 2,771,342 shares during the last quarter. FMR LLC lifted its holdings in shares of Wabco Holdings by 271.4% in the 2nd quarter. FMR LLC now owns 2,292,816 shares of the auto parts company’s stock worth $292,356,000 after acquiring an additional 1,675,407 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Wabco Holdings by 2.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,590,262 shares of the auto parts company’s stock worth $202,774,000 after acquiring an additional 44,578 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Wabco Holdings by 4.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,489,226 shares of the auto parts company’s stock worth $189,891,000 after acquiring an additional 56,673 shares during the last quarter. Hedge funds and other institutional investors own 97.52% of the company’s stock.
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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