Wabco Holdings Inc. (NYSE:WBC) had its price objective boosted by Bank of America Corporation from $160.00 to $170.00 in a research note published on Friday. They currently have a buy rating on the auto parts company’s stock.
WBC has been the topic of a number of other reports. KeyCorp raised their price objective on shares of Wabco Holdings from $161.00 to $165.00 and gave the company an overweight rating in a research note on Friday. Zacks Investment Research lowered shares of Wabco Holdings from a buy rating to a hold rating in a research note on Saturday, August 26th. Berenberg Bank began coverage on shares of Wabco Holdings in a research note on Monday, September 25th. They issued a buy rating and a $173.00 price objective on the stock. Goldman Sachs Group Inc reaffirmed a neutral rating and issued a $147.00 price objective (up from $128.00) on shares of Wabco Holdings in a research note on Wednesday, October 4th. Finally, Buckingham Research began coverage on shares of Wabco Holdings in a research note on Tuesday, September 5th. They issued a neutral rating and a $142.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $158.47.
Wabco Holdings (NYSE WBC) traded down 0.27% during midday trading on Friday, reaching $154.66. 803,512 shares of the company traded hands. The stock has a market capitalization of $8.29 billion, a P/E ratio of 25.80 and a beta of 1.65. The company has a 50 day moving average of $147.26 and a 200-day moving average of $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 released its quarterly earnings data on Thursday, October 19th. The auto parts company reported $1.71 earnings per share for the quarter, beating 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 firm had revenue of $827.80 million for the quarter, compared to analyst estimates of $756.57 million. During the same period last year, the firm earned $1.54 earnings per share. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. Equities analysts anticipate that Wabco Holdings will post $6.47 EPS for the current fiscal year.
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In other news, insider Lisa Jane Brown sold 1,000 shares of the 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 sale, the insider now owns 4,228 shares in the company, valued at $591,920. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director G Peter Daloia sold 3,626 shares of the stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $139.78, for a total transaction of $506,842.28. Following the completion of the sale, the director now owns 4,316 shares of the company’s stock, valued at approximately $603,290.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,054 shares of company stock valued at $1,952,903. 0.79% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of WBC. BlackRock Inc. increased its holdings in Wabco Holdings by 4,696.5% during the first quarter. BlackRock Inc. now owns 2,830,351 shares of the auto parts company’s stock worth $332,341,000 after buying an additional 2,771,342 shares during the last quarter. FMR LLC increased its holdings in Wabco Holdings by 271.4% during the second quarter. FMR LLC now owns 2,292,816 shares of the auto parts company’s stock worth $292,356,000 after buying an additional 1,675,407 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Wabco Holdings by 303.6% during the first quarter. Goldman Sachs Group Inc. now owns 895,070 shares of the auto parts company’s stock worth $105,099,000 after buying an additional 673,287 shares during the last quarter. Congress Asset Management Co. MA purchased a new stake in Wabco Holdings during the second quarter worth about $72,575,000. Finally, Franklin Resources Inc. increased its holdings in Wabco Holdings by 1,567.3% during the second quarter. Franklin Resources Inc. now owns 236,590 shares of the auto parts company’s stock worth $30,168,000 after buying an additional 222,400 shares during the last quarter. Institutional investors and hedge funds 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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