Wabco Holdings Inc. (NYSE:WBC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “WABCO is one of the world’s leading providers of electronic braking, stability, suspension and transmission control systems for heavy duty commercial vehicles. WABCO products are also increasingly used in luxury cars and sport utility vehicles. “

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $150.00 price objective (up previously from $130.00) on shares of Wabco Holdings in a research note on Friday, July 21st. Royal Bank Of Canada reiterated a “buy” rating and issued a $137.00 price objective on shares of Wabco Holdings in a research note on Thursday, July 20th. Piper Jaffray Companies reiterated a “buy” rating and issued a $147.00 price objective on shares of Wabco Holdings in a research note on Wednesday, July 19th. BidaskClub cut shares of Wabco Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. Finally, Bank of America Corporation set a $150.00 price objective on shares of Wabco Holdings and gave the company a “buy” rating in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $141.46.

Shares of Wabco Holdings (NYSE:WBC) opened at 149.19 on Wednesday. The stock’s 50 day moving average is $139.95 and its 200-day moving average is $126.19. Wabco Holdings has a 1-year low of $96.10 and a 1-year high of $150.71. The stock has a market cap of $8.00 billion, a PE ratio of 24.89 and a beta of 1.64.

Wabco Holdings (NYSE:WBC) last announced its quarterly earnings data on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.15. Wabco Holdings had a net margin of 11.23% and a return on equity of 40.21%. The firm had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $759.33 million. During the same quarter last year, the business earned $1.43 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts predict that Wabco Holdings will post $6.27 EPS for the current fiscal year.

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In other news, Director G Peter Daloia sold 3,626 shares of Wabco Holdings stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $139.78, for a total transaction of $506,842.28. Following the completion of the sale, the director now directly owns 4,316 shares in the company, valued at $603,290.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Juergen Gromer sold 7,127 shares of Wabco Holdings stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $138.00, for a total transaction of $983,526.00. Following the sale, the director now owns 969 shares of the company’s stock, valued at $133,722. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,054 shares of company stock valued at $1,952,903. Insiders own 0.79% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC grew its holdings in shares of Wabco Holdings by 0.6% during the second quarter. Advisory Services Network LLC now owns 7,046 shares of the auto parts company’s stock worth $898,000 after buying an additional 40 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Wabco Holdings by 4.7% during the second quarter. Stratos Wealth Partners LTD. now owns 1,983 shares of the auto parts company’s stock worth $253,000 after buying an additional 89 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Wabco Holdings by 0.8% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,200 shares of the auto parts company’s stock worth $1,434,000 after buying an additional 100 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Wabco Holdings by 3.3% during the second quarter. Prudential Financial Inc. now owns 3,160 shares of the auto parts company’s stock worth $403,000 after buying an additional 100 shares in the last quarter. Finally, IHT Wealth Management LLC grew its holdings in shares of Wabco Holdings by 190.0% during the second quarter. IHT Wealth Management LLC now owns 290 shares of the auto parts company’s stock worth $256,000 after buying an additional 190 shares in the last quarter. Institutional investors and hedge funds own 97.53% of the company’s stock.

About Wabco Holdings

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.

Analyst Recommendations for Wabco Holdings (NYSE:WBC)

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