WABCO (WBC) Downgraded by ValuEngine

ValuEngine lowered shares of WABCO (NYSE:WBC) from a buy rating to a hold rating in a research report report published on Friday.

Several other research analysts have also issued reports on WBC. Bank of America reiterated a buy rating and issued a $150.00 price target on shares of WABCO in a report on Saturday, August 19th. Stifel Nicolaus set a $150.00 price target on WABCO and gave the stock a buy rating in a report on Wednesday, August 23rd. Piper Jaffray Companies set a $147.00 price target on WABCO and gave the stock a buy rating in a report on Thursday, August 24th. Robert W. Baird reiterated a buy rating and issued a $149.00 price target on shares of WABCO in a report on Thursday, August 24th. Finally, Zacks Investment Research lowered WABCO from a buy rating to a hold rating in a report on Saturday, August 26th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $159.80.

Shares of WABCO (NYSE WBC) opened at $147.53 on Friday. The company has a market capitalization of $7,914.69, a PE ratio of 23.27, a P/E/G ratio of 1.48 and a beta of 1.67. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.60 and a current ratio of 3.00. WABCO has a 52-week low of $99.34 and a 52-week high of $156.08.

WABCO (NYSE:WBC) last announced its quarterly earnings results on Thursday, October 19th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.18. The business had revenue of $827.80 million for the quarter, compared to analyst estimates of $756.57 million. WABCO had a return on equity of 38.93% and a net margin of 9.75%. The company’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.54 earnings per share. research analysts forecast that WABCO will post 6.64 earnings per share for the current year.

In other news, Chairman Jacques Esculier sold 172,394 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $151.24, for a total value of $26,072,868.56. Following the transaction, the chairman now owns 312,079 shares in the company, valued at $47,198,827.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of WBC. FMR LLC increased its position in shares of WABCO by 271.4% during the second quarter. FMR LLC now owns 2,292,816 shares of the auto parts company’s stock valued at $292,356,000 after acquiring an additional 1,675,407 shares during the last quarter. Harding Loevner LP increased its position in shares of WABCO by 163.8% during the third quarter. Harding Loevner LP now owns 2,566,784 shares of the auto parts company’s stock valued at $140,660,000 after acquiring an additional 1,593,796 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of WABCO by 45.4% during the second quarter. Goldman Sachs Group Inc. now owns 1,301,029 shares of the auto parts company’s stock valued at $165,894,000 after acquiring an additional 405,959 shares during the last quarter. Pictet Asset Management Ltd. increased its position in shares of WABCO by 137.5% during the third quarter. Pictet Asset Management Ltd. now owns 613,700 shares of the auto parts company’s stock valued at $90,828,000 after acquiring an additional 355,300 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of WABCO by 1,567.3% during the second quarter. Franklin Resources Inc. now owns 236,590 shares of the auto parts company’s stock valued at $30,168,000 after acquiring an additional 222,400 shares during the last quarter. 98.28% of the stock is owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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