WABCO (WBC) Rating Lowered to Hold at ValuEngine

ValuEngine cut shares of WABCO (NYSE:WBC) from a buy rating to a hold rating in a research report sent to investors on Friday.

Several other equities analysts have also weighed in on WBC. Zacks Investment Research raised WABCO from a hold rating to a buy rating and set a $166.00 price objective for the company in a report on Friday, September 29th. Berenberg Bank assumed coverage on WABCO in a report on Monday, September 25th. They set a buy rating and a $173.00 price objective for the company. KeyCorp reissued a buy rating and set a $156.00 price objective on shares of WABCO in a report on Thursday, September 7th. Bank of America reissued a buy rating and set a $150.00 price objective on shares of WABCO in a report on Saturday, August 19th. Finally, Royal Bank Of Canada reissued an outperform rating on shares of WABCO in a report on Monday, September 25th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. WABCO currently has an average rating of Buy and a consensus target price of $159.80.

WABCO (NYSE:WBC) traded down $2.80 during mid-day trading on Friday, hitting $144.73. The stock had a trading volume of 520,600 shares, compared to its average volume of 413,592. The company has a market capitalization of $7,914.71, a price-to-earnings ratio of 23.27, a PEG ratio of 1.48 and a beta of 1.67. The company has a current ratio of 3.00, a quick ratio of 2.60 and a debt-to-equity ratio of 0.99. WABCO has a 52 week low of $102.39 and a 52 week high of $156.08.

WABCO (NYSE:WBC) last released its earnings results 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 return on equity of 38.93% and a net margin of 9.75%. The company had revenue of $827.80 million during the quarter, compared to analyst estimates of $756.57 million. During the same period in the prior year, the company posted $1.54 earnings per share. WABCO’s quarterly revenue was up 22.6% on a year-over-year basis. equities research analysts anticipate that WABCO will post 6.64 earnings per share for the current year.

In other WABCO news, Chairman Jacques Esculier sold 172,394 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $151.24, for a total transaction of $26,072,868.56. Following the sale, the chairman now owns 312,079 shares in the company, valued at $47,198,827.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.79% of the company’s stock.

Several large investors have recently bought and sold shares of WBC. Dimensional Fund Advisors LP lifted its position in shares of WABCO by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 238,664 shares of the auto parts company’s stock worth $28,023,000 after acquiring an additional 1,861 shares in the last quarter. Morgan Stanley lifted its position in shares of WABCO by 33.5% during the first quarter. Morgan Stanley now owns 33,645 shares of the auto parts company’s stock worth $3,950,000 after acquiring an additional 8,446 shares in the last quarter. Aperio Group LLC lifted its position in shares of WABCO by 15.7% during the second quarter. Aperio Group LLC now owns 20,731 shares of the auto parts company’s stock worth $2,643,000 after acquiring an additional 2,808 shares in the last quarter. NGAM Advisors L.P. lifted its position in shares of WABCO by 20.9% during the second quarter. NGAM Advisors L.P. now owns 35,067 shares of the auto parts company’s stock worth $4,472,000 after acquiring an additional 6,058 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of WABCO by 4.8% in the second quarter. Janney Montgomery Scott LLC now owns 21,725 shares of the auto parts company’s stock worth $2,770,000 after buying an additional 1,002 shares in the last quarter. Hedge funds and other institutional investors own 95.31% of the company’s stock.

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About WABCO

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for WABCO (NYSE:WBC)

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