Wabco Holdings Inc. (WBC) Sees Large Volume Increase
Wabco Holdings Inc. (NYSE:WBC) shares saw an uptick in trading volume on Thursday . 725,093 shares traded hands during trading, an increase of 77% from the previous session’s volume of 409,217 shares.The stock last traded at $104.71 and had previously closed at $103.00.
A number of brokerages have commented on WBC. Avondale Partners reiterated a “buy” rating and set a $135.00 target price (up previously from $110.00) on shares of Wabco Holdings in a report on Monday, April 25th. Royal Bank Of Canada increased their target price on Wabco Holdings from $117.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, April 25th. Stifel Nicolaus increased their target price on Wabco Holdings from $121.00 to $124.00 and gave the company a “buy” rating in a report on Monday, April 25th. BMO Capital Markets restated a “buy” rating on shares of Wabco Holdings in a report on Monday, April 25th. Finally, TheStreet cut Wabco Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $116.50.
The company has a market cap of $5.90 billion and a P/E ratio of 30.41. The company’s 50-day moving average is $97.32 and its 200-day moving average is $101.13.
Wabco Holdings (NYSE:WBC) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.03. During the same period in the prior year, the company posted $1.40 EPS. The company earned $732.20 million during the quarter, compared to the consensus estimate of $706.60 million. Wabco Holdings’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities research analysts anticipate that Wabco Holdings Inc. will post $5.72 EPS for the current fiscal year.
In other Wabco Holdings news, insider Nick Rens sold 600 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $101.19, for a total value of $60,714.00. Following the transaction, the insider now owns 9,665 shares of the company’s stock, valued at $978,001.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
A hedge fund recently bought a new stake in Wabco Holdings stock. Airain ltd bought a new stake in shares of Wabco Holdings Inc. (NYSE:WBC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,693 shares of the company’s stock, valued at approximately $1,196,000.
WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers. The Company engineers, develops, manufactures and sells systems controlling braking, stability, suspension, transmission automation, as well transmission automation and air management systems for commercial vehicles.
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