Wabco Holdings’ (WBC) Neutral Rating Reaffirmed at Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) reiterated their neutral rating on shares of Wabco Holdings Inc. (NYSE:WBC) in a research report report published on Wednesday morning. They currently have a $147.00 target price on the auto parts company’s stock, up from their previous target price of $128.00.
WBC has been the subject of a number of other research reports. Zacks Investment Research raised Wabco Holdings from a hold rating to a buy rating and set a $156.00 price objective for the company in a research note on Wednesday, August 30th. Deutsche Bank AG raised their price objective on Wabco Holdings from $128.00 to $146.00 and gave the company a hold rating in a research note on Friday, July 21st. Bank of America Corporation reissued a buy rating and issued a $150.00 price objective on shares of Wabco Holdings in a research note on Saturday, August 19th. BidaskClub raised Wabco Holdings from a buy rating to a strong-buy rating in a research note on Saturday, August 26th. Finally, Piper Jaffray Companies set a $147.00 price objective on Wabco Holdings and gave the company a buy rating in a research note on Thursday, August 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $145.79.
Wabco Holdings (NYSE WBC) traded down 0.92% during midday trading on Wednesday, reaching $150.08. The company’s stock had a trading volume of 163,249 shares. The firm has a market cap of $8.05 billion, a P/E ratio of 25.03 and a beta of 1.65. Wabco Holdings has a 52-week low of $96.10 and a 52-week high of $152.13. The firm has a 50 day moving average of $143.28 and a 200 day moving average of $128.76.
Wabco Holdings (NYSE:WBC) last announced its quarterly earnings data on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $759.33 million. During the same quarter last year, the firm posted $1.43 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts anticipate that Wabco Holdings will post $6.30 earnings per share for the current fiscal year.
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In related news, VP Sean Deason sold 789 shares of Wabco Holdings stock in a transaction on Monday, July 24th. The stock was sold at an average price of $140.50, for a total transaction of $110,854.50. Following the sale, the vice president now directly owns 2,277 shares in the company, valued at $319,918.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director G Peter Daloia sold 3,626 shares of Wabco Holdings 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 sale, the director now owns 4,316 shares in the company, valued at $603,290.48. The disclosure for this sale can be found here. Insiders have sold 14,054 shares of company stock worth $1,952,903 over the last quarter. 0.79% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of WBC. Pacad Investment Ltd. bought a new stake in Wabco Holdings during the second quarter worth $179,000. Cortina Asset Management LLC bought a new stake in Wabco Holdings during the first quarter worth $200,000. Trexquant Investment LP bought a new stake in Wabco Holdings during the second quarter worth $204,000. Sawtooth Solutions LLC bought a new stake in Wabco Holdings during the second quarter worth $238,000. Finally, BB&T Securities LLC bought a new stake in Wabco Holdings during the first quarter worth $242,000. Institutional investors and hedge funds own 97.53% 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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