Wabco Holdings Inc. (NYSE:WBC) had its price target increased by Deutsche Bank AG from $113.00 to $114.00 in a research report released on Wednesday morning. The firm currently has a hold rating on the stock.
Other equities research analysts have also recently issued research reports about the company. TheStreet raised Wabco Holdings from a hold rating to a buy rating in a research note on Wednesday, July 20th. Zacks Investment Research raised Wabco Holdings from a hold rating to a buy rating and set a $119.00 price objective for the company in a research note on Wednesday, September 21st. Robert W. Baird reissued a buy rating on shares of Wabco Holdings in a research note on Tuesday, June 28th. Barclays PLC raised their price objective on Wabco Holdings from $103.00 to $107.00 and gave the company an equal weight rating in a research note on Wednesday, October 12th. Finally, JPMorgan Chase & Co. reduced their price objective on Wabco Holdings from $109.00 to $100.00 and set a neutral rating for the company in a research note on Monday, August 15th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Wabco Holdings has an average rating of Hold and an average target price of $117.92.
Shares of Wabco Holdings (NYSE:WBC) opened at 107.28 on Wednesday. Wabco Holdings has a 52 week low of $81.66 and a 52 week high of $115.80. The stock’s 50 day moving average price is $108.58 and its 200-day moving average price is $104.47. The company has a market cap of $5.98 billion, a PE ratio of 30.86 and a beta of 2.04.
Wabco Holdings (NYSE:WBC) last released its earnings results on Wednesday, July 20th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.40 by $0.03. Wabco Holdings had a return on equity of 39.45% and a net margin of 7.28%. The business earned $732.20 million during the quarter, compared to analysts’ expectations of $706.60 million. During the same quarter last year, the firm posted $1.40 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. Analysts expect that Wabco Holdings will post $5.73 EPS for the current year.
In other Wabco Holdings news, insider Nick Rens sold 600 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $101.19, for a total value of $60,714.00. Following the completion of the sale, the insider now directly owns 9,665 shares of the company’s stock, valued at $978,001.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.79% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in WBC. Point72 Asia Hong Kong Ltd increased its stake in Wabco Holdings by 1,000.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the company’s stock worth $101,000 after buying an additional 1,000 shares in the last quarter. Advisor Group Inc. purchased a new stake in Wabco Holdings during the second quarter worth about $102,000. Nordea Investment Management AB increased its stake in Wabco Holdings by 6.7% in the second quarter. Nordea Investment Management AB now owns 1,539 shares of the company’s stock worth $141,000 after buying an additional 97 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Wabco Holdings by 92.3% in the second quarter. BNP Paribas Arbitrage SA now owns 1,602 shares of the company’s stock worth $147,000 after buying an additional 769 shares in the last quarter. Finally, Creative Planning increased its stake in Wabco Holdings by 1,228.0% in the third quarter. Creative Planning now owns 1,421 shares of the company’s stock worth $161,000 after buying an additional 1,314 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.
About Wabco Holdings