Shares of Wabco Holdings Inc. (NYSE:WBC) have been given an average recommendation of “Buy” by the eighteen research firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $159.80.
Several research firms have recently issued reports on WBC. Zacks Investment Research raised Wabco Holdings from a “hold” rating to a “buy” rating and set a $166.00 price target for the company in a research note on Friday, September 29th. Berenberg Bank began coverage on Wabco Holdings in a research note on Monday, September 25th. They set a “buy” rating and a $173.00 price target for the company. KeyCorp reaffirmed a “buy” rating and set a $156.00 price target on shares of Wabco Holdings in a research note on Thursday, September 7th. Bank of America Corporation reaffirmed a “buy” rating and set a $150.00 price target on shares of Wabco Holdings in a research note on Saturday, August 19th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Wabco Holdings in a research note on Monday, September 25th.
In other Wabco Holdings news, 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 completion of the sale, the chairman now owns 312,079 shares in the company, valued at approximately $47,198,827.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.79% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of WBC. Dimensional Fund Advisors LP grew its holdings in Wabco Holdings by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 238,664 shares of the auto parts company’s stock valued at $28,023,000 after buying an additional 1,861 shares during the period. Morgan Stanley grew its holdings in Wabco Holdings by 33.5% in the 1st quarter. Morgan Stanley now owns 33,645 shares of the auto parts company’s stock valued at $3,950,000 after buying an additional 8,446 shares during the period. Mn Services Vermogensbeheer B.V. grew its holdings in Wabco Holdings by 515.2% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 8,392 shares of the auto parts company’s stock valued at $1,070,000 after buying an additional 7,028 shares during the period. Aperio Group LLC grew its holdings in Wabco Holdings by 15.7% in the 2nd quarter. Aperio Group LLC now owns 20,731 shares of the auto parts company’s stock valued at $2,643,000 after buying an additional 2,808 shares during the period. Finally, US Bancorp DE grew its holdings in Wabco Holdings by 91.9% in the 2nd quarter. US Bancorp DE now owns 20,761 shares of the auto parts company’s stock valued at $2,648,000 after buying an additional 9,943 shares during the period. Institutional investors own 97.49% of the company’s stock.
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Wabco Holdings (WBC) traded down $0.87 during trading hours on Thursday, hitting $144.19. The stock had a trading volume of 288,100 shares, compared to its average volume of 414,928. The firm has a market cap of $7,782.20, a P/E ratio of 22.88, a PEG ratio of 1.46 and a beta of 1.68. The company has a quick ratio of 2.60, a current ratio of 3.00 and a debt-to-equity ratio of 0.99. Wabco Holdings has a fifty-two week low of $96.10 and a fifty-two week high of $156.08.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings results on Thursday, October 19th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.18. The business had revenue of $827.80 million during the quarter, compared to the consensus estimate 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 was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.54 EPS. equities analysts forecast that Wabco Holdings will post 6.64 EPS for the current year.
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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