Wabco Holdings Inc. (WBC) Downgraded to “Buy” at BidaskClub

BidaskClub lowered shares of Wabco Holdings Inc. (NYSE:WBC) from a strong-buy rating to a buy rating in a research note published on Monday, July 31st.

WBC has been the subject of a number of other research reports. Deutsche Bank AG lifted their price target on Wabco Holdings from $128.00 to $146.00 and gave the stock a hold rating in a research report on Friday, July 21st. Zacks Investment Research raised Wabco Holdings from a hold rating to a buy rating and set a $157.00 price target for the company in a research report on Tuesday, July 25th. Stifel Nicolaus reissued a buy rating and issued a $150.00 price objective (up previously from $130.00) on shares of Wabco Holdings in a report on Friday, July 21st. TheStreet upgraded Wabco Holdings from a c+ rating to a b- rating in a research note on Thursday, April 6th. Finally, Seaport Global Securities assumed coverage on Wabco Holdings in a research note on Thursday, April 6th. They issued a buy rating and a $135.00 price target for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $138.50.

Wabco Holdings (WBC) traded down 0.04% during mid-day trading on Monday, reaching $136.69. The company had a trading volume of 187,668 shares. The firm has a market capitalization of $7.33 billion, a PE ratio of 22.80 and a beta of 1.65. Wabco Holdings has a 52 week low of $96.10 and a 52 week high of $144.98. The stock’s 50-day moving average price is $134.70 and its 200 day moving average price is $121.99.

Wabco Holdings (NYSE:WBC) last issued its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, topping the Zacks’ 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 million during 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 revenue was up 8.6% compared to the same quarter last year. On average, equities research 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 stock in a transaction on Monday, July 24th. The stock was sold at an average price of $140.50, for a total value of $110,854.50. Following the sale, the vice president now directly owns 2,277 shares in the company, valued at $319,918.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director G Peter Daloia sold 3,626 shares of the stock in a transaction on Monday, July 24th. The shares were sold at an average price of $139.78, for a total value of $506,842.28. Following the completion of the sale, the director now owns 4,316 shares in the company, valued at $603,290.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,054 shares of company stock worth $1,952,903. Insiders own 0.79% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Comerica Bank purchased a new position in shares of Wabco Holdings during the fourth quarter valued at about $379,000. Quadrature Capital Ltd purchased a new position in shares of Wabco Holdings during the fourth quarter valued at about $801,000. Macquarie Group Ltd. raised its position in shares of Wabco Holdings by 93.8% in the fourth quarter. Macquarie Group Ltd. now owns 3,100 shares of the auto parts company’s stock valued at $329,000 after buying an additional 1,500 shares during the last quarter. Creative Planning raised its position in shares of Wabco Holdings by 6.8% in the first quarter. Creative Planning now owns 4,880 shares of the auto parts company’s stock valued at $573,000 after buying an additional 311 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its position in shares of Wabco Holdings by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 16,690 shares of the auto parts company’s stock valued at $1,959,000 after buying an additional 100 shares during the last quarter. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

Wabco Holdings 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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