Wabco Holdings Inc. (NYSE:WBC) – Analysts at KeyCorp lifted their FY2017 EPS estimates for shares of Wabco Holdings in a report issued on Monday. KeyCorp analyst J. Hammond now anticipates that the auto parts company will post earnings of $6.30 per share for the year, up from their previous forecast of $6.25. KeyCorp currently has a “Buy” rating and a $161.00 price target on the stock. KeyCorp also issued estimates for Wabco Holdings’ Q4 2017 earnings at $1.68 EPS and FY2018 earnings at $7.60 EPS.
Wabco Holdings (NYSE:WBC) last released its earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.15. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The firm had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $759.33 million. During the same period in the prior year, the company earned $1.43 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis.
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A number of other research analysts have also commented on WBC. Zacks Investment Research upgraded shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a research report on Tuesday, September 12th. Bank of America Corporation restated a “buy” rating and set a $150.00 price target on shares of Wabco Holdings in a research report on Saturday, August 19th. BidaskClub lowered shares of Wabco Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Royal Bank Of Canada restated a “buy” rating and set a $127.00 price target on shares of Wabco Holdings in a research report on Friday, July 7th. Finally, Stifel Nicolaus set a $150.00 price target on shares of Wabco Holdings and gave the company a “buy” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $141.46.
Shares of Wabco Holdings (NYSE WBC) opened at 146.87 on Wednesday. The company has a market capitalization of $7.88 billion, a PE ratio of 24.50 and a beta of 1.64. The firm’s 50-day moving average price is $139.95 and its 200 day moving average price is $126.19. Wabco Holdings has a 1-year low of $96.10 and a 1-year high of $146.91.
Institutional investors have recently bought and sold shares of the business. Fox Run Management L.L.C. lifted its stake in Wabco Holdings by 189.5% in the second quarter. Fox Run Management L.L.C. now owns 5,500 shares of the auto parts company’s stock worth $701,000 after purchasing an additional 3,600 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Wabco Holdings by 21.2% in the first quarter. Envestnet Asset Management Inc. now owns 18,083 shares of the auto parts company’s stock worth $2,125,000 after purchasing an additional 3,167 shares during the last quarter. Cipher Capital LP bought a new stake in Wabco Holdings in the second quarter worth $535,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Wabco Holdings by 20.5% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 16,093 shares of the auto parts company’s stock worth $2,052,000 after purchasing an additional 2,735 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Wabco Holdings by 0.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 444,982 shares of the auto parts company’s stock worth $52,249,000 after purchasing an additional 2,013 shares during the last quarter. 97.53% of the stock is owned by institutional investors and hedge funds.
In other Wabco Holdings news, VP Sean Deason sold 789 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $140.50, for a total value of $110,854.50. Following the completion of the sale, the vice president now directly owns 2,277 shares of the company’s stock, valued at $319,918.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Juergen Gromer sold 7,127 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $138.00, for a total transaction of $983,526.00. Following the completion of the sale, the director now directly owns 969 shares of the company’s stock, valued at $133,722. The disclosure for this sale can be found here. Insiders have sold a total of 14,054 shares of company stock valued at $1,952,903 over the last ninety days. 0.79% of the stock is currently owned by insiders.
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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