Piper Jaffray Companies set a $147.00 target price on Wabco Holdings Inc. (NYSE:WBC) in a research note published on Thursday morning. The firm currently has a buy rating on the auto parts company’s stock.
Several other research firms also recently weighed in on WBC. Royal Bank Of Canada reissued a buy rating and issued a $137.00 price objective on shares of Wabco Holdings in a report on Thursday, July 20th. BidaskClub downgraded Wabco Holdings from a buy rating to a hold rating in a report on Wednesday, June 21st. BMO Capital Markets reaffirmed a hold rating and set a $115.00 price target on shares of Wabco Holdings in a report on Friday, July 7th. Deutsche Bank AG increased their price target on Wabco Holdings from $128.00 to $146.00 and gave the stock a hold rating in a report on Friday, July 21st. Finally, Bank of America Corporation reaffirmed a buy rating and set a $150.00 price target on shares of Wabco Holdings in a report on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $139.45.
Wabco Holdings (NYSE:WBC) traded up 0.41% during trading on Thursday, hitting $139.26. 46,010 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $135.58 and a 200 day moving average price of $122.72. Wabco Holdings has a 52-week low of $96.10 and a 52-week high of $144.98. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 23.23 and a beta of 1.65.
Wabco Holdings (NYSE:WBC) last posted its quarterly earnings data on Thursday, July 20th. The auto parts company reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.15. The business had revenue of $795 million during the quarter, compared to the consensus estimate of $759.33 million. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 earnings per share. On average, equities research analysts predict that Wabco Holdings will post $6.27 earnings per share for the current year.
In other Wabco Holdings news, Director G Peter Daloia sold 3,626 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $139.78, for a total value of $506,842.28. Following the completion of the transaction, the director now owns 4,316 shares in the company, valued at $603,290.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Sean Deason sold 789 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $140.50, for a total value of $110,854.50. Following the completion of the transaction, the vice president now owns 2,277 shares of the company’s stock, valued at approximately $319,918.50. The disclosure for this sale can be found here. Insiders sold 14,054 shares of company stock valued at $1,952,903 in the last quarter. 0.79% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC acquired a new position in Wabco Holdings during the second quarter valued at about $24,187,000. Advisory Services Network LLC boosted its position in Wabco Holdings by 0.6% in the second quarter. Advisory Services Network LLC now owns 7,046 shares of the auto parts company’s stock valued at $898,000 after buying an additional 40 shares during the last quarter. Castleark Management LLC acquired a new position in Wabco Holdings during the second quarter valued at about $15,203,000. Nomura Holdings Inc. acquired a new position in Wabco Holdings during the second quarter valued at about $384,000. Finally, IHT Wealth Management LLC boosted its position in Wabco Holdings by 190.0% in the second quarter. IHT Wealth Management LLC now owns 290 shares of the auto parts company’s stock valued at $256,000 after buying an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.
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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