Wabco Holdings Inc. (WBC) Sees Strong Trading Volume
Wabco Holdings Inc. (NYSE:WBC) shares saw an uptick in trading volume on Thursday . 725,093 shares were traded 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.
Several research firms recently commented on WBC. BMO Capital Markets reaffirmed a “buy” rating on shares of Wabco Holdings in a research note on Monday, April 25th. Avondale Partners reiterated a “buy” rating and issued a $135.00 price target (up previously from $110.00) on shares of Wabco Holdings in a report on Monday, April 25th. Stifel Nicolaus increased their price target on Wabco Holdings from $121.00 to $124.00 and gave the stock a “buy” rating in a report on Monday, April 25th. Royal Bank Of Canada increased their price target on Wabco Holdings from $117.00 to $125.00 and gave the stock an “outperform” rating in a report on Monday, April 25th. Finally, TheStreet lowered Wabco Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $116.50.
The firm has a market cap of $5.84 billion and a price-to-earnings ratio of 30.12. The company has a 50 day moving average price of $96.92 and a 200 day moving average price of $101.02.
Wabco Holdings (NYSE:WBC) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.03. The business had revenue of $732.20 million for the quarter, compared to analysts’ expectations of $706.60 million. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 EPS. Equities research analysts anticipate that Wabco Holdings Inc. will post $5.72 EPS for the current fiscal year.
In related news, insider Nick Rens sold 600 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $101.19, for a total transaction of $60,714.00. Following the transaction, the insider now owns 9,665 shares in the company, valued at approximately $978,001.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
An institutional investor recently bought a new position in Wabco Holdings stock. Airain ltd bought a new position in Wabco Holdings Inc. (NYSE:WBC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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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