Avondale Partners Reaffirms “Market Outperform” Rating for Wabco Holdings Inc. (WBC)
A number of other brokerages have also issued reports on WBC. Credit Agricole SA started coverage on shares of Wabco Holdings in a report on Friday, September 30th. They issued an outperform rating and a $125.00 price target on the stock. Barclays PLC raised their price target on shares of Wabco Holdings from $103.00 to $107.00 and gave the stock an equal weight rating in a report on Wednesday. Deutsche Bank AG raised their price target on shares of Wabco Holdings from $113.00 to $114.00 and gave the stock a hold rating in a report on Wednesday. Zacks Investment Research raised shares of Wabco Holdings from a hold rating to a buy rating and set a $119.00 price target on the stock in a report on Wednesday, September 21st. Finally, JPMorgan Chase & Co. cut their price target on shares of Wabco Holdings from $109.00 to $100.00 and set a neutral rating on the stock in a report on Monday, August 15th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $117.92.
Shares of Wabco Holdings (NYSE:WBC) opened at 108.77 on Monday. The company has a 50 day moving average of $108.54 and a 200-day moving average of $104.43. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 31.29 and a beta of 2.04. Wabco Holdings has a 12-month low of $81.65 and a 12-month high of $115.80.
Wabco Holdings (NYSE:WBC) last issued its earnings results on Wednesday, July 20th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. The company had revenue of $732.20 million for the quarter, compared to analysts’ expectations of $706.60 million. Wabco Holdings had a net margin of 7.28% and a return on equity of 39.45%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.40 EPS. Analysts predict that Wabco Holdings will post $5.73 EPS for the current year.
In other Wabco Holdings news, insider Nick Rens sold 600 shares of Wabco Holdings stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $101.19, for a total value of $60,714.00. Following the completion of the transaction, the insider now directly owns 9,665 shares of the company’s stock, valued at $978,001.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.79% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of Wabco Holdings by 7.8% in the first quarter. Geode Capital Management LLC now owns 339,992 shares of the company’s stock valued at $36,329,000 after buying an additional 24,622 shares during the period. Loomis Sayles & Co. L P boosted its position in shares of Wabco Holdings by 1.6% in the first quarter. Loomis Sayles & Co. L P now owns 207,106 shares of the company’s stock valued at $22,143,000 after buying an additional 3,323 shares during the period. Nicholas Investment Partners LP purchased a new position in shares of Wabco Holdings during the first quarter valued at about $2,909,000. Pictet Asset Management Ltd. boosted its position in shares of Wabco Holdings by 145.5% in the first quarter. Pictet Asset Management Ltd. now owns 144,860 shares of the company’s stock valued at $13,660,000 after buying an additional 85,860 shares during the period. Finally, State Street Corp boosted its position in shares of Wabco Holdings by 2.7% in the first quarter. State Street Corp now owns 932,092 shares of the company’s stock valued at $99,651,000 after buying an additional 24,498 shares during the period. 95.33% of the stock is 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. 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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