Wabco Holdings Inc. (NYSE:WBC) had its price target upped by equities researchers at KeyCorp from $161.00 to $165.00 in a report issued on Friday, October 20th. The firm currently has an “overweight” rating on the auto parts company’s stock. KeyCorp’s price objective points to a potential upside of 9.82% from the company’s previous close. 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 equities analysts have also issued reports on the company. Deutsche Bank AG lifted their target price on Wabco Holdings from $128.00 to $146.00 and gave the company a “hold” rating in a research note on Friday, July 21st. BidaskClub upgraded Wabco Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Zacks Investment Research lowered Wabco Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Bank of America Corporation set a $150.00 target price on Wabco Holdings and gave the company a “buy” rating in a research note on Friday, July 21st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $115.00 target price on shares of Wabco Holdings in a research note on Friday, July 7th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $159.80.
Wabco Holdings (NYSE:WBC) opened at 150.24 on Friday. The company has a 50-day moving average of $148.41 and a 200-day moving average of $132.84. The company has a market cap of $8.06 billion, a PE ratio of 25.06 and a beta of 1.65. Wabco Holdings has a 52 week low of $96.10 and a 52 week high of $156.08.
Wabco Holdings (NYSE:WBC) last announced its quarterly earnings results on Thursday, October 19th. The auto parts company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.53 by $0.18. The firm had revenue of $827.80 million for the quarter, compared to analyst estimates of $756.57 million. Wabco Holdings had a return on equity of 38.93% and a net margin of 9.75%. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 earnings per share. On average, equities analysts expect that Wabco Holdings will post $6.64 EPS for the current year.
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In related news, Director Juergen Gromer sold 7,127 shares of Wabco Holdings stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $138.00, for a total transaction of $983,526.00. Following the completion of the sale, the director now owns 969 shares of the company’s stock, valued at $133,722. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Jacques Esculier sold 172,394 shares of Wabco Holdings stock in a transaction dated 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 of the company’s stock, valued at approximately $47,198,827.96. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC lifted its holdings in shares of Wabco Holdings by 190.0% during the second quarter. IHT Wealth Management LLC now owns 290 shares of the auto parts company’s stock worth $256,000 after purchasing an additional 190 shares during the period. Pacad Investment Ltd. acquired a new position in Wabco Holdings in the second quarter valued at approximately $179,000. Trexquant Investment LP acquired a new position in Wabco Holdings in the second quarter valued at approximately $204,000. Parametrica Management Ltd acquired a new position in Wabco Holdings in the third quarter valued at approximately $252,000. Finally, Oakbrook Investments LLC acquired a new position in Wabco Holdings in the third quarter valued at approximately $253,000. 97.47% of the stock is owned by hedge funds and other 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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