WABCO (NYSE:WBC) was downgraded by equities research analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research report issued to clients and investors on Tuesday, April 30th, MarketBeat Ratings reports.
WBC has been the topic of several other research reports. Citigroup lowered WABCO from a “buy” rating to a “neutral” rating and cut their price target for the company from $155.00 to $136.50 in a research note on Friday, March 29th. JPMorgan Chase & Co. downgraded WABCO from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $115.00 to $98.00 in a research report on Thursday, January 10th. ValuEngine raised WABCO from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. William Blair downgraded WABCO from an “outperform” rating to a “market perform” rating in a research report on Friday, April 26th. Finally, Vertical Research downgraded WABCO from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the stock. WABCO presently has an average rating of “Hold” and an average price target of $134.20.
Shares of WABCO stock traded down $0.38 during trading on Tuesday, hitting $130.36. 548,655 shares of the stock traded hands, compared to its average volume of 847,172. The firm has a market cap of $6.69 billion, a P/E ratio of 16.56, a P/E/G ratio of 1.14 and a beta of 1.59. The company has a current ratio of 2.60, a quick ratio of 2.13 and a debt-to-equity ratio of 0.62. WABCO has a 52-week low of $98.90 and a 52-week high of $146.68.
WABCO (NYSE:WBC) last announced its quarterly earnings results on Friday, April 26th. The auto parts company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.21). The firm had revenue of $932.90 million for the quarter, compared to analysts’ expectations of $972.31 million. WABCO had a net margin of 10.04% and a return on equity of 30.90%. Analysts forecast that WABCO will post 7.65 earnings per share for the current year.
In other news, insider Nicolas Bardot sold 1,145 shares of the firm’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $120.93, for a total value of $138,464.85. Following the completion of the transaction, the insider now directly owns 4,546 shares in the company, valued at $549,747.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.58% of the company’s stock.
Several large investors have recently made changes to their positions in WBC. Athena Capital Advisors LLC purchased a new position in shares of WABCO in the fourth quarter worth about $27,000. Icon Wealth Partners LLC purchased a new position in WABCO during the first quarter valued at approximately $27,000. Meeder Asset Management Inc. raised its position in WABCO by 1,152.9% during the first quarter. Meeder Asset Management Inc. now owns 213 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 196 shares in the last quarter. Manchester Capital Management LLC purchased a new position in WABCO during the first quarter valued at approximately $55,000. Finally, Quadrant Capital Group LLC raised its position in WABCO by 108.3% during the first quarter. Quadrant Capital Group LLC now owns 654 shares of the auto parts company’s stock valued at $83,000 after acquiring an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 99.82% of the company’s stock.
WABCO Company Profile
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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