KeyCorp reaffirmed their buy rating on shares of Wabco Holdings Inc. (NYSE:WBC) in a research report report published on Thursday morning. KeyCorp currently has a $156.00 price target on the auto parts company’s stock.

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus reaffirmed a buy rating and set a $150.00 price target (up previously from $130.00) on shares of Wabco Holdings in a research report on Friday, July 21st. Royal Bank Of Canada reaffirmed a buy rating and set a $137.00 price target on shares of Wabco Holdings in a research report on Thursday, July 20th. Piper Jaffray Companies reaffirmed a buy rating and set a $147.00 price target on shares of Wabco Holdings in a research report on Wednesday, July 19th. BidaskClub cut Wabco Holdings from a strong-buy rating to a buy rating in a research report on Thursday, June 15th. Finally, Bank of America Corporation set a $150.00 price target on Wabco Holdings and gave the company a buy rating in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $141.23.

Shares of Wabco Holdings (WBC) opened at 141.90 on Thursday. Wabco Holdings has a 12-month low of $96.10 and a 12-month high of $144.98. The stock’s 50 day moving average price is $139.05 and its 200-day moving average price is $124.56. The firm has a market cap of $7.61 billion, a P/E ratio of 23.67 and a beta of 1.64.

Wabco Holdings (NYSE:WBC) last issued its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 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 firm had revenue of $795 million for the quarter, compared to analysts’ expectations of $759.33 million. During the same quarter in the prior year, the firm earned $1.43 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts predict that Wabco Holdings will post $6.27 earnings per share for the current fiscal year.

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In other Wabco Holdings news, Director Juergen Gromer sold 7,127 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $138.00, for a total value of $983,526.00. Following the transaction, the director now directly owns 969 shares in the company, valued at approximately $133,722. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sean Deason sold 789 shares of the company’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 completion of the transaction, the vice president now owns 2,277 shares in the company, valued at $319,918.50. 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 three months. 0.79% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Concert Wealth Management Inc. increased its stake in Wabco Holdings by 0.8% in the 1st quarter. Concert Wealth Management Inc. now owns 2,486 shares of the auto parts company’s stock worth $266,000 after acquiring an additional 19 shares during the last quarter. Advisory Services Network LLC increased its stake in Wabco Holdings by 0.6% in the 2nd quarter. Advisory Services Network LLC now owns 7,046 shares of the auto parts company’s stock worth $898,000 after acquiring an additional 40 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Wabco Holdings by 1.4% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,816 shares of the auto parts company’s stock worth $448,000 after acquiring an additional 51 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in Wabco Holdings by 4.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,983 shares of the auto parts company’s stock worth $253,000 after acquiring an additional 89 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Wabco Holdings by 0.8% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,200 shares of the auto parts company’s stock worth $1,434,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds 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.

Analyst Recommendations for Wabco Holdings (NYSE:WBC)

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