Wabco Holdings Inc. (NYSE:WBC) – Stock analysts at KeyCorp reduced their FY2017 EPS estimates for Wabco Holdings in a research note issued on Tuesday. KeyCorp analyst J. Hammond now forecasts that the firm will earn $6.15 per share for the year, down from their prior forecast of $6.20.
Wabco Holdings (NYSE:WBC) last issued its quarterly earnings data on Thursday, October 20th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.06. Wabco Holdings had a return on equity of 39.77% and a net margin of 9.34%. The company earned $675.40 million during the quarter, compared to analysts’ expectations of $695.73 million. During the same quarter in the previous year, the company posted $1.39 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a report on Wednesday, September 21st. Barclays PLC upped their target price on shares of Wabco Holdings from $103.00 to $107.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 12th. Deutsche Bank AG upped their target price on shares of Wabco Holdings from $113.00 to $114.00 and gave the stock a “hold” rating in a report on Wednesday, October 12th. Avondale Partners restated a “market outperform” rating on shares of Wabco Holdings in a report on Monday, October 10th. Finally, BMO Capital Markets lowered shares of Wabco Holdings from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $120.00 to $115.00 in a report on Friday, January 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $114.67.
Shares of Wabco Holdings (NYSE:WBC) opened at 105.86 on Wednesday. Wabco Holdings has a one year low of $81.66 and a one year high of $115.15. The stock’s 50 day moving average price is $107.27 and its 200-day moving average price is $103.57. The company has a market cap of $5.83 billion, a PE ratio of 23.20 and a beta of 1.85.
In other Wabco Holdings news, insider Nick Rens sold 1,000 shares of the stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $104.99, for a total value of $104,990.00. Following the completion of the sale, the insider now owns 9,155 shares in the company, valued at approximately $961,183.45. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.79% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC increased its position in Wabco Holdings by 348.2% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,042,419 shares of the company’s stock worth $118,345,000 after buying an additional 809,838 shares in the last quarter. JPMorgan Chase & Co. increased its position in Wabco Holdings by 90.5% in the third quarter. JPMorgan Chase & Co. now owns 1,033,610 shares of the company’s stock worth $117,346,000 after buying an additional 491,140 shares in the last quarter. Lodge Hill Capital LLC bought a new position in Wabco Holdings during the second quarter worth $35,712,000. Bank of Montreal Can bought a new position in Wabco Holdings during the second quarter worth $22,661,000. Finally, Harding Loevner LP bought a new position in Wabco Holdings during the third quarter worth $26,395,000. 96.08% of the stock is owned by hedge funds and other institutional investors.
About Wabco Holdings
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.