BidaskClub lowered shares of Wabco Holdings Inc. (NYSE:WBC) from a strong-buy rating to a buy rating in a research note released on Monday, July 31st.
WBC has been the topic of several other reports. Deutsche Bank AG raised their target price on shares of Wabco Holdings from $129.00 to $130.00 and gave the stock a hold rating in a report on Thursday, April 6th. Seaport Global Securities began coverage on shares of Wabco Holdings in a report on Thursday, April 6th. They set a buy rating and a $135.00 target price on the stock. TheStreet upgraded shares of Wabco Holdings from a c+ rating to a b- rating in a report on Thursday, April 6th. Stifel Nicolaus restated a buy rating and set a $130.00 target price on shares of Wabco Holdings in a report on Monday, April 24th. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $127.00 price objective on shares of Wabco Holdings in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. Wabco Holdings has a consensus rating of Buy and a consensus price target of $135.00.
Wabco Holdings (WBC) opened at 139.03 on Monday. Wabco Holdings has a 12-month low of $96.10 and a 12-month high of $144.98. The company’s 50-day moving average is $132.85 and its 200 day moving average is $120.93. The stock has a market capitalization of $7.46 billion, a PE ratio of 23.19 and a beta of 1.65.
Wabco Holdings (NYSE:WBC) last announced its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.15. The business had revenue of $795 million for the quarter, compared to the consensus estimate of $759.33 million. Wabco Holdings had a net margin of 11.23% and a return on equity of 40.21%. Wabco Holdings’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company posted $1.43 EPS. On average, analysts predict that Wabco Holdings will post $6.27 EPS for the current year.
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In other news, VP Sean Deason sold 789 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $140.50, for a total value of $110,854.50. Following the completion of the sale, the vice president now owns 2,277 shares of the company’s stock, valued at $319,918.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lisa Jane Brown sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $140.00, for a total value of $140,000.00. Following the completion of the transaction, the insider now directly owns 4,228 shares of the company’s stock, valued at approximately $591,920. The disclosure for this sale can be found here. In the last three months, insiders sold 14,054 shares of company stock valued at $1,952,903. 0.79% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Deroy & Devereaux Private Investment Counsel Inc. increased its position in Wabco Holdings by 0.3% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 13,525 shares of the auto parts company’s stock worth $1,588,000 after buying an additional 45 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in Wabco Holdings by 1.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,816 shares of the auto parts company’s stock worth $448,000 after buying an additional 51 shares during the period. Perennial Advisors LLC increased its position in Wabco Holdings by 30.4% in the first quarter. Perennial Advisors LLC now owns 9,331 shares of the auto parts company’s stock worth $1,096,000 after buying an additional 2,175 shares during the period. Janney Montgomery Scott LLC increased its position in Wabco Holdings by 95.4% in the first quarter. Janney Montgomery Scott LLC now owns 20,723 shares of the auto parts company’s stock worth $2,433,000 after buying an additional 10,116 shares during the period. Finally, AMI Investment Management Inc. increased its position in shares of Wabco Holdings by 52.6% in the first quarter. AMI Investment Management Inc. now owns 29,041 shares of the auto parts company’s stock valued at $1,855,000 after buying an additional 10,006 shares during the last quarter.
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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