Wabco Holdings Inc. (WBC) Given New $107.00 Price Target at Barclays PLC
Wabco Holdings Inc. (NYSE:WBC) had its price target raised by Barclays PLC from $103.00 to $107.00 in a research note published on Wednesday morning. Barclays PLC currently has an equal weight rating on the stock.
Several other equities analysts have also recently weighed in on the company. Credit Agricole SA began coverage on Wabco Holdings in a research report on Friday, September 30th. They issued an outperform rating and a $125.00 price target for the company. Zacks Investment Research upgraded Wabco Holdings from a hold rating to a buy rating and set a $119.00 target price for the company in a research report on Wednesday, September 21st. Deutsche Bank AG started coverage on Wabco Holdings in a research report on Tuesday, September 6th. They set a hold rating and a $113.00 target price for the company. JPMorgan Chase & Co. reduced their target price on Wabco Holdings from $109.00 to $100.00 and set a neutral rating for the company in a research report on Monday, August 15th. Finally, Piper Jaffray Cos. restated a neutral rating and set a $96.00 target price (up from $94.00) on shares of Wabco Holdings in a research report on Sunday, July 24th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $117.92.
Wabco Holdings (NYSE:WBC) opened at 108.77 on Wednesday. The firm’s 50 day moving average price is $108.54 and its 200-day moving average price is $104.43. The company has a market capitalization of $6.07 billion, a PE ratio of 31.29 and a beta of 2.04. Wabco Holdings has a one year low of $81.65 and a one year high of $115.80.
Wabco Holdings (NYSE:WBC) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.03. The company earned $732.20 million during the quarter, compared to analysts’ expectations of $706.60 million. Wabco Holdings had a return on equity of 39.45% and a net margin of 7.28%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.40 earnings per share. Equities analysts forecast that Wabco Holdings will post $5.73 earnings per share for the current fiscal year.
In other Wabco Holdings news, insider Nick Rens sold 600 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $101.19, for a total transaction of $60,714.00. Following the sale, the insider now directly owns 9,665 shares in the company, valued at approximately $978,001.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.79% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in WBC. Vanguard Group Inc. boosted its position in Wabco Holdings by 1.5% in the second quarter. Vanguard Group Inc. now owns 3,881,206 shares of the company’s stock valued at $355,401,000 after buying an additional 55,941 shares during the last quarter. Wellington Management Group LLP boosted its position in Wabco Holdings by 1.2% in the first quarter. Wellington Management Group LLP now owns 2,373,449 shares of the company’s stock valued at $253,770,000 after buying an additional 28,024 shares during the last quarter. American Century Companies Inc. boosted its position in Wabco Holdings by 4.3% in the second quarter. American Century Companies Inc. now owns 2,352,715 shares of the company’s stock valued at $215,438,000 after buying an additional 97,055 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in Wabco Holdings by 4.7% in the second quarter. Artisan Partners Limited Partnership now owns 2,235,732 shares of the company’s stock valued at $204,726,000 after buying an additional 101,083 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its position in Wabco Holdings by 18.3% in the second quarter. TimesSquare Capital Management LLC now owns 1,285,425 shares of the company’s stock valued at $117,706,000 after buying an additional 198,725 shares during the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.
About Wabco Holdings
WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers. The Company engineers, develops, manufactures and sells systems controlling braking, stability, suspension, transmission automation, as well transmission automation and air management systems for commercial vehicles.
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