WABCO Holdings Inc. (NYSE:WBC) has been given an average recommendation of “Buy” by the nineteen research firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $159.73.
Several equities research analysts recently issued reports on WBC shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $167.00 price objective on shares of WABCO in a research note on Sunday, October 22nd. Zacks Investment Research raised shares of WABCO from a “hold” rating to a “buy” rating and set a $166.00 price objective for the company in a research note on Friday, September 29th. ValuEngine lowered shares of WABCO from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Citigroup lifted their price objective on shares of WABCO from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, Royal Bank of Canada lifted their price objective on shares of WABCO to $169.00 and gave the company an “outperform” rating in a research note on Friday, October 20th.
WABCO (NYSE:WBC) traded up $2.31 during trading on Friday, hitting $155.02. 222,903 shares of the stock traded hands, compared to its average volume of 237,633. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.60 and a current ratio of 3.00. WABCO has a fifty-two week low of $103.40 and a fifty-two week high of $156.08. The stock has a market cap of $8,230.00, a PE ratio of 28.03, a P/E/G ratio of 1.32 and a beta of 1.67.
WABCO (NYSE:WBC) last released its quarterly earnings data on Thursday, October 19th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.18. WABCO had a net margin of 9.75% and a return on equity of 38.93%. The business had revenue of $827.80 million during the quarter, compared to analyst estimates of $756.57 million. During the same quarter in the previous year, the business earned $1.54 EPS. WABCO’s quarterly revenue was up 22.6% compared to the same quarter last year. research analysts anticipate that WABCO will post 6.66 earnings per share for the current year.
In other WABCO news, Chairman Jacques Esculier sold 172,394 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $151.24, for a total transaction of $26,072,868.56. Following the completion of the transaction, the chairman now owns 312,079 shares of the company’s stock, valued at approximately $47,198,827.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Daiwa SB Investments Ltd. acquired a new position in WABCO during the 4th quarter worth $828,000. Pensionfund Sabic acquired a new position in WABCO during the 4th quarter worth $1,435,000. Pensionfund DSM Netherlands acquired a new position in WABCO during the 4th quarter worth $2,727,000. Parametric Portfolio Associates LLC lifted its position in WABCO by 18.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 84,303 shares of the auto parts company’s stock worth $12,477,000 after acquiring an additional 12,836 shares during the last quarter. Finally, Visionary Asset Management Inc. acquired a new position in WABCO during the 3rd quarter worth $242,000. 95.32% of the stock is owned by hedge funds and other institutional investors.
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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