Wabco Holdings Inc. (NYSE:WBC) had its price objective lifted by equities researchers at Bank of America Corporation from $140.00 to $150.00 in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the auto parts company’s stock. Bank of America Corporation’s price objective would indicate a potential upside of 6.76% from the stock’s current price.

WBC has been the subject of a number of other reports. Deutsche Bank AG lifted their price target on shares of Wabco Holdings from $126.00 to $130.00 and gave the company a “hold” rating in a research report on Monday, April 24th. BidaskClub upgraded shares of Wabco Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Zacks Investment Research downgraded shares of Wabco Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 price target on shares of Wabco Holdings in a research report on Monday, April 24th. Finally, TheStreet upgraded shares of Wabco Holdings from a “c+” rating to a “b-” rating in a research report on Thursday, April 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $126.25.

Shares of Wabco Holdings (NYSE:WBC) traded up 3.15% during trading on Friday, hitting $140.50. The company’s stock had a trading volume of 942,703 shares. Wabco Holdings has a one year low of $96.09 and a one year high of $141.86. The company has a 50-day moving average price of $125.95 and a 200-day moving average price of $117.42. The stock has a market cap of $7.60 billion, a PE ratio of 24.59 and a beta of 1.64.

Wabco Holdings (NYSE:WBC) last posted its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.15. Wabco Holdings had a net margin of 11.05% and a return on equity of 40.37%. The company had revenue of $795 million during the quarter, compared to the consensus estimate of $759.33 million. During the same period last year, the firm earned $1.43 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts predict that Wabco Holdings will post $6.11 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Wabco Holdings by 4,696.5% in the first quarter. BlackRock Inc. now owns 2,830,351 shares of the auto parts company’s stock valued at $332,341,000 after buying an additional 2,771,342 shares in the last quarter. Boston Partners increased its position in shares of Wabco Holdings by 30.4% in the first quarter. Boston Partners now owns 3,058,351 shares of the auto parts company’s stock valued at $359,111,000 after buying an additional 713,086 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Wabco Holdings by 303.6% in the first quarter. Goldman Sachs Group Inc. now owns 895,070 shares of the auto parts company’s stock valued at $105,099,000 after buying an additional 673,287 shares in the last quarter. MARSHALL WACE ASIA Ltd bought a new position in shares of Wabco Holdings during the first quarter valued at about $47,339,000. Finally, Marshall Wace North America L.P. bought a new position in shares of Wabco Holdings during the first quarter valued at about $47,339,000. Hedge funds and other institutional investors own 98.52% 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.

Analyst Recommendations for Wabco Holdings (NYSE:WBC)

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