WABCO (WBC) Reaches New 12-Month Low at $118.63

WABCO Holdings Inc. (NYSE:WBC) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $118.63 and last traded at $120.49, with a volume of 11282 shares changing hands. The stock had previously closed at $121.23.

WBC has been the subject of a number of research reports. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 price target (down from $162.00) on shares of WABCO in a research report on Tuesday, February 20th. Buckingham Research reiterated a “neutral” rating and set a $152.00 price target (down from $156.00) on shares of WABCO in a research report on Tuesday, February 20th. BMO Capital Markets reiterated a “market perform” rating and set a $150.00 price target (down from $160.00) on shares of WABCO in a research report on Friday, February 23rd. Morgan Stanley initiated coverage on shares of WABCO in a research report on Friday, March 2nd. They set an “overweight” rating and a $159.00 price target for the company. Finally, William Blair reiterated a “buy” rating on shares of WABCO in a research report on Wednesday, April 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $161.71.

The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.00 and a current ratio of 3.49. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 1.05 and a beta of 1.78.

WABCO (NYSE:WBC) last issued its quarterly earnings data on Thursday, April 19th. The auto parts company reported $1.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.16. WABCO had a net margin of 11.97% and a return on equity of 35.77%. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $950.91 million. During the same period last year, the company posted $1.47 EPS. The company’s revenue was up 35.0% on a year-over-year basis. analysts anticipate that WABCO Holdings Inc. will post 7.71 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. TIAA CREF Investment Management LLC increased its stake in shares of WABCO by 48.1% during the 4th quarter. TIAA CREF Investment Management LLC now owns 416,712 shares of the auto parts company’s stock worth $59,798,000 after purchasing an additional 135,314 shares in the last quarter. Geode Capital Management LLC grew its stake in WABCO by 16.0% in the 4th quarter. Geode Capital Management LLC now owns 460,728 shares of the auto parts company’s stock worth $66,078,000 after acquiring an additional 63,497 shares during the period. Renaissance Technologies LLC grew its stake in WABCO by 347.0% in the 4th quarter. Renaissance Technologies LLC now owns 374,604 shares of the auto parts company’s stock worth $53,756,000 after acquiring an additional 290,804 shares during the period. Slow Capital Inc. purchased a new stake in WABCO in the 4th quarter worth approximately $602,000. Finally, Two Sigma Advisers LP grew its stake in WABCO by 200.5% in the 4th quarter. Two Sigma Advisers LP now owns 70,592 shares of the auto parts company’s stock worth $10,130,000 after acquiring an additional 47,103 shares during the period. 95.76% of the stock is owned by institutional investors and hedge funds.

WABCO Company Profile

WABCO Holdings Inc, together with its subsidiaries, supplies electronic, mechanical, electro-mechanical, and aerodynamic products worldwide. The company engineers, develops, manufactures, and sells braking, stability, suspension, transmission automation, and air management systems primarily for commercial vehicles.

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