WABCO Holdings Inc. (NYSE:WBC) – Analysts at KeyCorp raised their FY2018 EPS estimates for shares of WABCO in a research note issued to investors on Thursday. KeyCorp analyst J. Hammond now expects that the auto parts company will earn $7.70 per share for the year, up from their previous forecast of $7.60. KeyCorp has a “Overweight” rating and a $165.00 price target on the stock.
A number of other research firms also recently commented on WBC. Zacks Investment Research downgraded WABCO from a “buy” rating to a “hold” rating in a research report on Sunday. BMO Capital Markets increased their target price on WABCO from $147.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Bank of America increased their target price on WABCO from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Buckingham Research raised their price target on WABCO from $148.00 to $154.00 and gave the stock a “neutral” rating in a research report on Friday, October 20th. Finally, Citigroup raised their price target on WABCO from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $159.87.
In other news, Chairman Jacques Esculier sold 172,394 shares of WABCO stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $151.24, for a total transaction of $26,072,868.56. Following the completion of the sale, the chairman now directly owns 312,079 shares in the company, valued at $47,198,827.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Zions Bancorporation bought a new stake in shares of WABCO during the third quarter worth $179,000. Brown Advisory Inc. bought a new stake in shares of WABCO during the third quarter worth $202,000. Cadence Capital Management LLC bought a new stake in shares of WABCO during the third quarter worth $207,000. Massey Quick Simon & CO. LLC lifted its position in shares of WABCO by 855.3% during the third quarter. Massey Quick Simon & CO. LLC now owns 1,452 shares of the auto parts company’s stock worth $215,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Laurion Capital Management LP bought a new stake in shares of WABCO during the second quarter worth $242,000. Institutional investors and hedge funds own 95.37% of the company’s stock.
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WABCO 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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