Piper Jaffray Companies set a $147.00 price objective on Wabco Holdings Inc. (NYSE:WBC) in a research note published on Thursday. The brokerage currently has a buy rating on the auto parts company’s stock.

Several other research analysts also recently commented on the company. Stifel Nicolaus set a $150.00 target price on Wabco Holdings and gave the stock a buy rating in a research note on Wednesday. Bank of America Corporation restated a buy rating and issued a $150.00 target price on shares of Wabco Holdings in a research note on Saturday, August 19th. BidaskClub downgraded Wabco Holdings from a strong-buy rating to a buy rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Wabco Holdings from a hold rating to a buy rating and set a $157.00 target price for the company in a research note on Tuesday, July 25th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $139.45.

Shares of Wabco Holdings (NYSE WBC) opened at 139.56 on Thursday. The company has a market capitalization of $7.48 billion, a P/E ratio of 23.28 and a beta of 1.65. The company’s 50 day moving average is $135.89 and its 200 day moving average is $122.90. Wabco Holdings has a 12-month low of $96.10 and a 12-month high of $144.98.

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

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In other Wabco Holdings news, VP Sean Deason sold 789 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was 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 of the company’s stock, valued at approximately $319,918.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lisa Jane Brown sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $140.00, for a total value of $140,000.00. Following the completion of the sale, the insider now directly owns 4,228 shares in the company, valued at approximately $591,920. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,054 shares of company stock worth $1,952,903. Insiders own 0.79% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Wabco Holdings by 2.4% in the second quarter. Vanguard Group Inc. now owns 4,202,800 shares of the auto parts company’s stock valued at $535,900,000 after buying an additional 98,206 shares during the last quarter. Boston Partners boosted its stake in 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 during the last quarter. BlackRock Inc. boosted its stake in 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 during the last quarter. FMR LLC boosted its stake in Wabco Holdings by 271.4% in the second quarter. FMR LLC now owns 2,292,816 shares of the auto parts company’s stock valued at $292,356,000 after buying an additional 1,675,407 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in Wabco Holdings by 2.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,590,262 shares of the auto parts company’s stock valued at $202,774,000 after buying an additional 44,578 shares during the last quarter. 96.35% 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 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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