Wabco Holdings Inc. (WBC) Given New $165.00 Price Target at KeyCorp
Wabco Holdings Inc. (NYSE:WBC) had its price target raised by KeyCorp from $161.00 to $165.00 in a report issued on Friday. The firm currently has an overweight rating on the auto parts company’s stock. KeyCorp also issued estimates for Wabco Holdings’ Q4 2017 earnings at $1.78 EPS, FY2017 earnings at $6.65 EPS and FY2018 earnings at $7.60 EPS.
Several other research analysts have also recently commented on the company. Stifel Nicolaus reiterated a buy rating and issued a $160.00 price target on shares of Wabco Holdings in a research note on Thursday, October 12th. Goldman Sachs Group Inc reiterated a neutral rating and issued a $147.00 price target (up previously from $128.00) on shares of Wabco Holdings in a research note on Wednesday, October 4th. Zacks Investment Research upgraded Wabco Holdings from a hold rating to a buy rating and set a $166.00 price target on the stock in a research note on Friday, September 29th. Berenberg Bank began coverage on Wabco Holdings in a research note on Monday, September 25th. They issued a buy rating and a $173.00 price target on the stock. Finally, Royal Bank Of Canada reiterated an outperform rating on shares of Wabco Holdings in a research note on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $158.47.
Shares of Wabco Holdings (NYSE:WBC) traded down 0.27% during midday trading on Friday, reaching $154.66. The company’s stock had a trading volume of 803,512 shares. The firm’s 50 day moving average is $147.26 and its 200 day moving average is $131.57. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 25.80 and a beta of 1.65. Wabco Holdings has a 52 week low of $96.10 and a 52 week high of $155.94.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings results on Thursday, October 19th. The auto parts company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.18. Wabco Holdings had a return on equity of 41.10% and a net margin of 9.75%. The business had revenue of $827.80 million for the quarter, compared to analysts’ expectations of $756.57 million. During the same quarter in the previous year, the firm posted $1.54 earnings per share. The company’s revenue was up 22.6% compared to the same quarter last year. Equities analysts forecast that Wabco Holdings will post $6.47 EPS for the current fiscal year.
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In other news, insider Lisa Jane Brown sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $140.00, for a total transaction of $140,000.00. Following the completion of the transaction, the insider now directly owns 4,228 shares of the company’s stock, valued at $591,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sean Deason sold 789 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 2,277 shares of the company’s stock, valued at $319,918.50. The disclosure for this sale can be found here. Insiders have sold 14,054 shares of company stock valued at $1,952,903 over the last ninety days. Corporate insiders own 0.79% of the company’s stock.
Several large investors have recently bought and sold shares of the company. APG Asset Management N.V. grew its holdings in shares of Wabco Holdings by 2.7% during the third quarter. APG Asset Management N.V. now owns 57,284 shares of the auto parts company’s stock valued at $8,478,000 after purchasing an additional 1,500 shares during the last quarter. Oakbrook Investments LLC bought a new position in shares of Wabco Holdings during the third quarter valued at approximately $253,000. Meeder Asset Management Inc. grew its holdings in shares of Wabco Holdings by 12,253.0% during the third quarter. Meeder Asset Management Inc. now owns 8,153 shares of the auto parts company’s stock valued at $1,206,000 after purchasing an additional 8,087 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Wabco Holdings during the second quarter valued at approximately $24,187,000. Finally, Advisory Services Network LLC grew its holdings in shares of Wabco Holdings by 0.6% during the second quarter. Advisory Services Network LLC now owns 7,046 shares of the auto parts company’s stock valued at $898,000 after purchasing an additional 40 shares during the last quarter. 97.52% of the stock is 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.
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