Wabco Holdings Inc. (NYSE:WBC) was downgraded by equities research analysts at Vertical Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, October 23rd, Marketbeat Ratings reports.
WBC has been the subject of several other research reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $167.00 price target on shares of Wabco Holdings in a report on Sunday, October 22nd. Zacks Investment Research upgraded Wabco Holdings from a “hold” rating to a “buy” rating and set a $156.00 price objective on the stock in a research note on Wednesday, August 30th. Deutsche Bank AG upped their price objective on Wabco Holdings from $128.00 to $146.00 and gave the company a “hold” rating in a research note on Friday, July 21st. Bank of America Corporation reiterated a “buy” rating and issued a $150.00 price objective on shares of Wabco Holdings in a research note on Saturday, August 19th. Finally, BidaskClub upgraded Wabco Holdings from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $159.80.
Wabco Holdings (NYSE WBC) traded up $0.14 during midday trading on Monday, hitting $145.69. The company had a trading volume of 345,600 shares, compared to its average volume of 415,751. Wabco Holdings has a fifty-two week low of $96.10 and a fifty-two week high of $156.08. The company has a quick ratio of 2.60, a current ratio of 3.00 and a debt-to-equity ratio of 0.99. The firm has a market cap of $7,808.49, a PE ratio of 22.96, a PEG ratio of 1.46 and a beta of 1.68.
Wabco Holdings (NYSE:WBC) last posted its quarterly earnings data on Thursday, October 19th. The auto parts company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.18. Wabco Holdings had a return on equity of 38.93% and a net margin of 9.75%. The business had revenue of $827.80 million during the quarter, compared to analysts’ expectations of $756.57 million. During the same quarter in the previous year, the firm earned $1.54 EPS. The firm’s revenue was up 22.6% compared to the same quarter last year. sell-side analysts predict that Wabco Holdings will post 6.64 earnings per share for the current fiscal year.
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In related news, Chairman Jacques Esculier sold 172,394 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $151.24, for a total transaction of $26,072,868.56. Following the sale, the chairman now owns 312,079 shares of the company’s stock, valued at approximately $47,198,827.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.79% of the company’s stock.
A number of institutional investors have recently modified their holdings of WBC. BlackRock Inc. raised its stake in Wabco Holdings by 4,696.5% during the 1st quarter. BlackRock Inc. now owns 2,830,351 shares of the auto parts company’s stock worth $332,341,000 after buying an additional 2,771,342 shares during the period. FMR LLC raised its stake in Wabco Holdings by 271.4% during the 2nd quarter. FMR LLC now owns 2,292,816 shares of the auto parts company’s stock worth $292,356,000 after buying an additional 1,675,407 shares during the period. Goldman Sachs Group Inc. raised its stake in Wabco Holdings by 303.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 895,070 shares of the auto parts company’s stock worth $105,099,000 after buying an additional 673,287 shares during the period. Congress Asset Management Co. MA acquired a new stake in Wabco Holdings during the 2nd quarter worth $72,575,000. Finally, Pictet Asset Management Ltd. raised its stake in Wabco Holdings by 137.5% during the 3rd quarter. Pictet Asset Management Ltd. now owns 613,700 shares of the auto parts company’s stock worth $90,828,000 after buying an additional 355,300 shares during the period. 98.15% of the stock is currently owned by institutional investors and hedge funds.
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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