Shares of WABCO Holdings Inc. (NYSE:WBC) have been assigned a consensus rating of “Hold” from the eighteen research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $132.31.
Several analysts have issued reports on the company. Buckingham Research set a $136.00 target price on WABCO and gave the stock a “hold” rating in a research note on Thursday, March 28th. Piper Jaffray Companies lowered WABCO from an “overweight” rating to a “neutral” rating and set a $137.00 target price for the company. in a research note on Thursday, March 28th. Robert W. Baird lowered WABCO from an “outperform” rating to a “neutral” rating in a research note on Thursday, March 28th. Citigroup downgraded WABCO from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $155.00 to $136.50 in a research report on Friday, March 29th. Finally, Wolfe Research downgraded WABCO from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 30th.
WBC traded down $0.25 during midday trading on Thursday, hitting $132.27. The stock had a trading volume of 483,210 shares, compared to its average volume of 856,189. The firm has a market cap of $6.79 billion, a P/E ratio of 16.81, a P/E/G ratio of 1.16 and a beta of 1.59. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.60 and a quick ratio of 2.13. WABCO has a 1 year low of $98.90 and a 1 year high of $146.68.
In related news, insider Nicolas Bardot sold 1,145 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $120.93, for a total transaction of $138,464.85. Following the completion of the transaction, the insider now owns 4,546 shares in the company, valued at $549,747.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.58% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in WBC. Alpine Associates Management Inc. bought a new position in shares of WABCO during the first quarter valued at approximately $62,568,000. Norges Bank bought a new position in WABCO in the fourth quarter worth $49,994,000. FMR LLC raised its holdings in WABCO by 12.6% in the fourth quarter. FMR LLC now owns 3,874,508 shares of the auto parts company’s stock worth $415,890,000 after purchasing an additional 434,629 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in WABCO by 155.7% in the third quarter. Bank of New York Mellon Corp now owns 713,588 shares of the auto parts company’s stock worth $84,161,000 after purchasing an additional 434,552 shares in the last quarter. Finally, First Manhattan Co. raised its holdings in WABCO by 37.3% in the fourth quarter. First Manhattan Co. now owns 1,394,914 shares of the auto parts company’s stock worth $149,730,000 after purchasing an additional 378,995 shares in the last quarter. Institutional investors own 99.70% of the company’s stock.
WABCO Holdings Inc, together with its subsidiaries, supplies electronic, mechanical, electro-mechanical, and aerodynamic products worldwide. The company engineers, develops, manufactures, and sells braking, stability, suspension, steering, transmission automation, and air management systems primarily for commercial vehicles.
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