Wabco Holdings Inc. (WBC) Earns Outperform Rating from Royal Bank Of Canada
Royal Bank Of Canada reiterated their outperform rating on shares of Wabco Holdings Inc. (NYSE:WBC) in a research note released on Monday, The Fly reports.
WBC has been the subject of several other reports. Zacks Investment Research downgraded shares of Wabco Holdings from a buy rating to a hold rating in a report on Saturday, August 26th. Buckingham Research assumed coverage on shares of Wabco Holdings in a report on Tuesday, September 5th. They issued a neutral rating and a $142.00 price objective for the company. Stifel Nicolaus set a $150.00 price objective on shares of Wabco Holdings and gave the stock a buy rating in a report on Wednesday, August 23rd. Piper Jaffray Companies reaffirmed a buy rating and issued a $147.00 price objective on shares of Wabco Holdings in a report on Wednesday, July 19th. Finally, BidaskClub raised shares of Wabco Holdings from a hold rating to a buy rating in a report on Thursday, June 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $143.71.
Shares of Wabco Holdings (NYSE WBC) opened at 148.21 on Monday. The company has a market capitalization of $7.95 billion, a PE ratio of 24.72 and a beta of 1.64. Wabco Holdings has a 52 week low of $96.10 and a 52 week high of $150.71. The company has a 50 day moving average price of $139.95 and a 200 day moving average price of $126.19.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings data 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. The company had revenue of $795.00 million during the quarter, compared to the consensus estimate of $759.33 million. Wabco Holdings had a net margin of 11.23% and a return on equity of 40.21%. Wabco Holdings’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $1.43 EPS. On average, equities research analysts expect that Wabco Holdings will post $6.28 earnings per share for the current year.
In other Wabco Holdings news, Director Juergen Gromer sold 7,127 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $138.00, for a total value of $983,526.00. Following the completion of the transaction, the director now directly owns 969 shares of the company’s stock, valued at approximately $133,722. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director G Peter Daloia sold 3,626 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 4,316 shares of the company’s stock, valued at $603,290.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,054 shares of company stock valued at $1,952,903. Insiders own 0.79% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC purchased a new stake in shares of Wabco Holdings during the 2nd quarter valued at $24,187,000. Advisory Services Network LLC raised its position in shares of Wabco Holdings by 0.6% during the 2nd quarter. Advisory Services Network LLC now owns 7,046 shares of the auto parts company’s stock valued at $898,000 after buying an additional 40 shares in the last quarter. Castleark Management LLC purchased a new stake in shares of Wabco Holdings during the 2nd quarter valued at $15,203,000. Nomura Holdings Inc. purchased a new stake in shares of Wabco Holdings during the 2nd quarter valued at $384,000. Finally, IHT Wealth Management LLC raised its position in shares of Wabco Holdings by 190.0% during the 2nd quarter. IHT Wealth Management LLC now owns 290 shares of the auto parts company’s stock valued at $256,000 after buying an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 97.53% 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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