WABCO (NYSE:WBC) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.

WBC has been the topic of a number of other reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $167.00 price target on shares of WABCO in a research note on Sunday, October 22nd. Zacks Investment Research raised WABCO from a “hold” rating to a “buy” rating and set a $156.00 price target on the stock in a research note on Wednesday, August 30th. Bank of America reaffirmed a “buy” rating and issued a $150.00 price target on shares of WABCO in a research note on Saturday, August 19th. KeyCorp reaffirmed a “buy” rating and issued a $156.00 price target on shares of WABCO in a research note on Thursday, September 7th. Finally, BidaskClub raised WABCO from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $159.80.

Shares of WABCO (NYSE WBC) traded down $1.92 during midday trading on Friday, hitting $147.53. The company had a trading volume of 270,175 shares, compared to its average volume of 413,131. The stock has a market cap of $8,020.00, a PE ratio of 23.50, a price-to-earnings-growth ratio of 1.50 and a beta of 1.68. The company has a current ratio of 3.00, a quick ratio of 2.60 and a debt-to-equity ratio of 0.99. WABCO has a 52 week low of $99.34 and a 52 week high of $156.08.

WABCO (NYSE:WBC) last announced its quarterly earnings data on Thursday, October 19th. The auto parts company reported $1.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.18. The company had revenue of $827.80 million for the quarter, compared to analysts’ expectations of $756.57 million. WABCO had a return on equity of 38.93% and a net margin of 9.75%. WABCO’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period last year, the firm posted $1.54 EPS. sell-side analysts anticipate that WABCO will post 6.64 earnings per share for the current fiscal year.

In other news, Chairman Jacques Esculier sold 172,394 shares of WABCO stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $151.24, for a total value of $26,072,868.56. Following the sale, the chairman now directly owns 312,079 shares in the company, valued at approximately $47,198,827.96. The sale was disclosed in a filing with the SEC, which is available through this link. 0.79% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of WBC. Dimensional Fund Advisors LP grew its position in shares of WABCO by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 238,664 shares of the auto parts company’s stock worth $28,023,000 after buying an additional 1,861 shares during the last quarter. Morgan Stanley grew its position in shares of WABCO by 33.5% in the 1st quarter. Morgan Stanley now owns 33,645 shares of the auto parts company’s stock worth $3,950,000 after buying an additional 8,446 shares during the last quarter. Aperio Group LLC grew its position in shares of WABCO by 15.7% in the 2nd quarter. Aperio Group LLC now owns 20,731 shares of the auto parts company’s stock worth $2,643,000 after buying an additional 2,808 shares during the last quarter. NGAM Advisors L.P. grew its position in shares of WABCO by 20.9% in the 2nd quarter. NGAM Advisors L.P. now owns 35,067 shares of the auto parts company’s stock worth $4,472,000 after buying an additional 6,058 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of WABCO by 4.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 21,725 shares of the auto parts company’s stock worth $2,770,000 after buying an additional 1,002 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international copyright & trademark law. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/12/02/wabco-wbc-lowered-to-hold-at-valuengine.html.

About WABCO

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 (NYSE:WBC)

Receive News & Stock Ratings for WABCO Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WABCO Holdings Inc. and related stocks with our FREE daily email newsletter.