Wabco Holdings Inc. (WBC) Stock Rating Upgraded by BidaskClub
Wabco Holdings Inc. (NYSE:WBC) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.
A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Wabco Holdings from a “buy” rating to a “hold” rating in a report on Saturday. Robert W. Baird reissued a “buy” rating and issued a $149.00 price target on shares of Wabco Holdings in a report on Thursday. Piper Jaffray Companies set a $147.00 price target on shares of Wabco Holdings and gave the stock a “buy” rating in a report on Thursday. Stifel Nicolaus set a $150.00 price target on shares of Wabco Holdings and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Finally, Bank of America Corporation reissued a “buy” rating and issued a $150.00 price target on shares of Wabco Holdings in a report on Saturday, August 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $139.45.
Wabco Holdings (WBC) opened at 139.56 on Friday. Wabco Holdings has a 1-year low of $96.10 and a 1-year high of $144.98. The stock has a 50 day moving average price of $135.89 and a 200-day moving average price of $122.90. The firm has a market cap of $7.48 billion, a P/E ratio of 23.28 and a beta of 1.65.
Wabco Holdings (NYSE:WBC) last announced its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.15. The business had revenue of $795 million for the quarter, compared to analyst estimates of $759.33 million. Wabco Holdings had a net margin of 11.23% and a return on equity of 40.21%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 EPS. Equities research analysts forecast that Wabco Holdings will post $6.27 EPS for the current year.
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In other news, Director Juergen Gromer sold 7,127 shares of Wabco Holdings stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $138.00, for a total transaction of $983,526.00. Following the sale, the director now owns 969 shares of the company’s stock, valued at approximately $133,722. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa Jane Brown sold 1,000 shares of Wabco Holdings stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $140.00, for a total transaction of $140,000.00. Following the sale, the insider now directly owns 4,228 shares in the company, valued at approximately $591,920. The disclosure for this sale can be found here. Insiders have sold a total of 14,054 shares of company stock worth $1,952,903 in the last ninety days. Insiders own 0.79% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Nuance Investments LLC bought a new stake in shares of Wabco Holdings during the first quarter worth $5,059,000. Henderson Group PLC raised its stake in shares of Wabco Holdings by 7.3% in the first quarter. Henderson Group PLC now owns 5,913 shares of the auto parts company’s stock worth $694,000 after buying an additional 400 shares during the last quarter. Boston Partners raised its stake in shares of Wabco Holdings by 30.4% in the first quarter. Boston Partners now owns 3,058,351 shares of the auto parts company’s stock worth $359,111,000 after buying an additional 713,086 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Wabco Holdings by 27.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 9,881 shares of the auto parts company’s stock worth $1,207,000 after buying an additional 2,113 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Wabco Holdings by 1.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 76,195 shares of the auto parts company’s stock worth $8,947,000 after buying an additional 962 shares during the last quarter. 96.35% of the stock is currently 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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