Brokerages Set Wabco Holdings Inc. (WBC) PT at $135.00
Shares of Wabco Holdings Inc. (NYSE:WBC) have been assigned a consensus recommendation of “Buy” from the fourteen research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $138.50.
Several brokerages have recently commented on WBC. Bank of America Corporation reaffirmed a “buy” rating and set a $150.00 target price on shares of Wabco Holdings in a report on Saturday. BidaskClub cut shares of Wabco Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research raised shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a report on Tuesday, July 25th. Deutsche Bank AG raised their target price on shares of Wabco Holdings from $128.00 to $146.00 and gave the stock a “hold” rating in a report on Friday, July 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $150.00 target price (up from $130.00) on shares of Wabco Holdings in a report on Friday, July 21st.
Wabco Holdings (NYSE WBC) traded down 0.04% during midday trading on Tuesday, reaching $136.69. The company had a trading volume of 187,668 shares. The firm has a market capitalization of $7.33 billion, a P/E ratio of 22.80 and a beta of 1.65. The stock’s 50 day moving average price is $134.70 and its 200-day moving average price is $121.99. Wabco Holdings has a one year low of $96.10 and a one year high of $144.98.
Wabco Holdings (NYSE:WBC) last announced its earnings results on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.15. Wabco Holdings had a net margin of 11.23% and a return on equity of 40.21%. The company had revenue of $795 million for the quarter, compared to analysts’ expectations of $759.33 million. During the same period last year, the firm earned $1.43 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that Wabco Holdings will post $6.27 earnings per share for the current year.
In other Wabco Holdings news, VP Sean Deason sold 789 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $140.50, for a total value of $110,854.50. Following the sale, the vice president now owns 2,277 shares in the company, valued at $319,918.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director G Peter Daloia sold 3,626 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $139.78, for a total transaction of $506,842.28. Following the completion of the sale, the director now owns 4,316 shares in the company, valued at approximately $603,290.48. The disclosure for this sale can be found here. Insiders have sold a total of 14,054 shares of company stock worth $1,952,903 in the last quarter. 0.79% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Fox Run Management L.L.C. raised its stake in shares of Wabco Holdings by 189.5% in the second quarter. Fox Run Management L.L.C. now owns 5,500 shares of the auto parts company’s stock worth $701,000 after buying an additional 3,600 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Wabco Holdings by 21.2% in the first quarter. Envestnet Asset Management Inc. now owns 18,083 shares of the auto parts company’s stock worth $2,125,000 after buying an additional 3,167 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Wabco Holdings by 0.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 444,982 shares of the auto parts company’s stock worth $52,249,000 after buying an additional 2,013 shares in the last quarter. Denver Investment Advisors LLC bought a new stake in shares of Wabco Holdings during the first quarter worth $205,000. Finally, Vanguard Group Inc. raised its stake in shares of Wabco Holdings by 2.5% in the first quarter. Vanguard Group Inc. now owns 4,104,594 shares of the auto parts company’s stock worth $481,960,000 after buying an additional 99,639 shares in the last quarter. Hedge funds and other institutional investors own 96.35% 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.
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