BidaskClub upgraded shares of Wabco Holdings Inc. (NYSE:WBC) from a buy rating to a strong-buy rating in a research report report published on Saturday.

Other equities analysts have also issued reports about the company. Royal Bank Of Canada reiterated a buy rating and issued a $137.00 price objective on shares of Wabco Holdings in a research note on Thursday, July 20th. Piper Jaffray Companies restated a buy rating and set a $147.00 price target on shares of Wabco Holdings in a research note on Wednesday, July 19th. Stifel Nicolaus set a $150.00 price target on Wabco Holdings and gave the company a buy rating in a research note on Wednesday, August 23rd. BMO Capital Markets restated a hold rating and set a $115.00 price target on shares of Wabco Holdings in a research note on Friday, July 7th. Finally, Bank of America Corporation set a $150.00 price target on Wabco Holdings and gave the company a buy 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 assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $139.45.

Wabco Holdings (NYSE:WBC) opened at 139.67 on Friday. Wabco Holdings has a 52 week low of $96.10 and a 52 week high of $144.98. The stock has a market cap of $7.49 billion, a PE ratio of 23.30 and a beta of 1.65. The stock has a 50 day moving average price of $135.89 and a 200 day moving average price of $122.90.

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

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In other news, Director G Peter Daloia sold 3,626 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $139.78, for a total value of $506,842.28. Following the transaction, the director now owns 4,316 shares of the company’s stock, valued at approximately $603,290.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Sean Deason sold 789 shares of the stock in a transaction 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 completion of the transaction, the vice president now directly owns 2,277 shares in the company, valued at approximately $319,918.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,054 shares of company stock worth $1,952,903. Company insiders own 0.79% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Concert Wealth Management Inc. increased its position 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 worth $266,000 after buying an additional 19 shares during the period. Advisory Services Network LLC boosted its stake in Wabco Holdings by 0.6% in the second quarter. Advisory Services Network LLC now owns 7,046 shares of the auto parts company’s stock worth $898,000 after buying an additional 40 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted 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 worth $1,588,000 after buying an additional 45 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted 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 worth $448,000 after buying an additional 51 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted 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 worth $253,000 after buying an additional 89 shares in the last quarter. 97.54% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Wabco Holdings (NYSE:WBC)

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