Wabco Holdings Inc. (WBC) Now Covered by Buckingham Research
Investment analysts at Buckingham Research began coverage on shares of Wabco Holdings Inc. (NYSE:WBC) in a report released on Tuesday. The brokerage set a “neutral” rating and a $142.00 price target on the auto parts company’s stock. Buckingham Research’s target price would suggest a potential upside of 0.03% from the company’s current price.
A number of other research firms have also issued reports on WBC. Royal Bank Of Canada reiterated a “buy” rating and set a $137.00 price objective on shares of Wabco Holdings in a research note on Thursday, July 20th. Robert W. Baird reiterated a “buy” rating and set a $149.00 price objective on shares of Wabco Holdings in a research note on Thursday, August 24th. BidaskClub lowered Wabco Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. BMO Capital Markets restated a “hold” rating and issued a $115.00 target price on shares of Wabco Holdings in a research note on Friday, July 7th. Finally, Deutsche Bank AG upped 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 research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $140.00.
Wabco Holdings (NYSE WBC) opened at 141.96 on Tuesday. The firm’s 50-day moving average price is $138.59 and its 200 day moving average price is $124.31. Wabco Holdings has a 52-week low of $96.10 and a 52-week high of $144.98. The company has a market cap of $7.61 billion, a PE ratio of 23.68 and a beta of 1.64.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings data on Thursday, July 20th. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.15. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The company had revenue of $795 million for the quarter, compared to analyst estimates of $759.33 million. During the same period in the previous year, the company posted $1.43 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts predict that Wabco Holdings will post $6.27 EPS for the current fiscal year.
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In related news, Director G Peter Daloia sold 3,626 shares of the stock in a transaction dated Monday, July 24th. The stock was 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 directly owns 4,316 shares in the company, valued at approximately $603,290.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa Jane Brown sold 1,000 shares of the 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 sale, the insider now owns 4,228 shares of the company’s stock, valued at $591,920. The disclosure for this sale can be found here. Insiders have sold a total of 14,054 shares of company stock valued at $1,952,903 over the last 90 days. 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. boosted its holdings in Wabco Holdings by 189.5% during the 2nd quarter. Fox Run Management L.L.C. now owns 5,500 shares of the auto parts company’s stock valued at $701,000 after acquiring an additional 3,600 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Wabco Holdings by 21.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 18,083 shares of the auto parts company’s stock valued at $2,125,000 after acquiring an additional 3,167 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Wabco Holdings by 0.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 444,982 shares of the auto parts company’s stock valued at $52,249,000 after acquiring an additional 2,013 shares during the period. Denver Investment Advisors LLC purchased a new stake in Wabco Holdings during the 1st quarter valued at about $205,000. Finally, Vanguard Group Inc. boosted its holdings in Wabco Holdings by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 4,104,594 shares of the auto parts company’s stock valued at $481,960,000 after acquiring an additional 99,639 shares during the period. Institutional investors own 97.54% 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.
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