Wabco Holdings Inc. (WBC) Insider Nick Rens Sells 1,000 Shares of Stock
Wabco Holdings Inc. (NYSE:WBC) insider Nick Rens sold 1,000 shares of Wabco Holdings stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $104.99, for a total value of $104,990.00. Following the sale, the insider now directly owns 9,155 shares in the company, valued at approximately $961,183.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Wabco Holdings Inc. (NYSE:WBC) traded down 0.89% during trading on Thursday, reaching $101.88. The company had a trading volume of 288,523 shares. The company’s 50-day moving average is $104.24 and its 200 day moving average is $102.99. Wabco Holdings Inc. has a 52 week low of $81.66 and a 52 week high of $115.15. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 22.33 and a beta of 1.89.
Wabco Holdings (NYSE:WBC) last posted its earnings results on Thursday, October 20th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.06. The company earned $675.40 million during the quarter, compared to analysts’ expectations of $695.73 million. Wabco Holdings had a return on equity of 39.77% and a net margin of 9.34%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.39 earnings per share. Equities analysts anticipate that Wabco Holdings Inc. will post $5.77 EPS for the current year.
Several large investors have recently modified their holdings of the stock. Point72 Asia Hong Kong Ltd boosted its stake in shares of Wabco Holdings by 1,000.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the company’s stock worth $101,000 after buying an additional 1,000 shares during the last quarter. Huntington National Bank purchased a new stake in shares of Wabco Holdings during the third quarter worth $101,000. Advisor Group Inc. purchased a new stake in shares of Wabco Holdings during the second quarter worth $102,000. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Wabco Holdings by 400.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,000 shares of the company’s stock worth $114,000 after buying an additional 800 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Wabco Holdings by 6.7% in the second quarter. Nordea Investment Management AB now owns 1,539 shares of the company’s stock worth $141,000 after buying an additional 97 shares during the last quarter. 98.32% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Wabco Holdings from $109.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, August 15th. Goldman Sachs Group Inc. lifted their target price on Wabco Holdings from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Thursday, July 21st. Deutsche Bank AG lifted their price objective on Wabco Holdings from $113.00 to $114.00 and gave the stock a “hold” rating in a research note on Wednesday, October 12th. Barclays PLC lifted their price objective on Wabco Holdings from $103.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 12th. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $96.00 price objective (up previously from $94.00) on shares of Wabco Holdings in a research note on Sunday, July 24th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Wabco Holdings presently has a consensus rating of “Buy” and a consensus price target of $114.64.
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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