Wabco Holdings Inc. (NYSE:WBC) insider Mazen Mazraani sold 1,512 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $140.00, for a total value of $211,680.00. Following the sale, the insider now owns 6,104 shares of the company’s stock, valued at $854,560. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Wabco Holdings Inc. (NYSE:WBC) opened at 138.30 on Monday. Wabco Holdings Inc. has a 12-month low of $96.10 and a 12-month high of $144.98. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 23.07 and a beta of 1.65. The stock has a 50 day moving average price of $129.11 and a 200-day moving average price of $119.34.

Wabco Holdings (NYSE:WBC) last posted its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.15. The company had revenue of $795 million for the quarter, compared to the consensus estimate of $759.33 million. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 EPS. On average, analysts predict that Wabco Holdings Inc. will post $6.27 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This article was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/08/07/wabco-holdings-inc-wbc-insider-mazen-mazraani-sells-1512-shares-of-stock-updated.html.

WBC has been the subject of several research reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $137.00 target price on shares of Wabco Holdings in a research report on Thursday, July 20th. BidaskClub cut Wabco Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. BMO Capital Markets reaffirmed a “hold” rating and set a $115.00 target price on shares of Wabco Holdings in a research note on Friday, July 7th. Deutsche Bank AG raised their target price on Wabco Holdings from $128.00 to $146.00 and gave the stock a “hold” rating in a research note on Friday, July 21st. Finally, Zacks Investment Research cut Wabco Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $135.00.

Several hedge funds have recently bought and sold shares of WBC. Concert Wealth Management Inc. increased its stake in Wabco Holdings by 0.8% in the first quarter. Concert Wealth Management Inc. now owns 2,486 shares of the auto parts company’s stock valued at $266,000 after buying an additional 19 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in Wabco Holdings by 0.3% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 13,525 shares of the auto parts company’s stock valued at $1,588,000 after buying an additional 45 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Wabco Holdings by 1.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,816 shares of the auto parts company’s stock valued at $448,000 after buying an additional 51 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in Wabco Holdings by 4.7% in the second quarter. Stratos Wealth Partners LTD. now owns 1,983 shares of the auto parts company’s stock valued at $253,000 after buying an additional 89 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in Wabco Holdings by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 16,690 shares of the auto parts company’s stock valued at $1,959,000 after buying an additional 100 shares during the last quarter. Institutional investors own 99.43% of the company’s stock.

Wabco Holdings 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.

Insider Buying and Selling by Quarter for Wabco Holdings (NYSE:WBC)

Receive News & Stock Ratings for Wabco Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabco Holdings Inc. and related stocks with our FREE daily email newsletter.