Analysis: Wabco Holdings (NYSE:WBC) Price Target Change Today
In analysts report issued to clients by JP Morgan on Friday, 11 December, the firm, Wabco Holdings (NYSE:WBC), had their target lowered to $118.00. Analusts now have a solid “Neutral” rating on the stock.
From a total of 13 analysts covering WABCO Holdings (NYSE:WBC) stock, 10 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 59% of the ratings are positive. The highest target price is $147 while the lowest target price is $107. The mean of all analyst targets is $125.69 with a 33.11% above today’s ($96.29) stock price. WABCO Holdings was the topic of 10 analyst reports since September 1, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus upgraded shares on December 8 to “Buy” rating. Barclays Capital initiated WBC stock in a recent report from September 25 with “Equal-Weight” rating.
Approximately 210,144 shares of stock traded hands. WABCO Holdings Inc. (NYSE:WBC) has declined 20.35% since May 8, 2015 and is downtrending. It has underperformed by 17.33% the S&P500.
The overall sentiment of institutions has decreased to 0.94 in Q2 2015. Its down 0.24, from 1.18 in 2015Q2. The ratio is negative, as 38 institutions have sold all the shares of WABCO Holdings Inc. that they owned while 105 funds have taken shares off the table. 33 funds have purchased shares for the first time while 102 added to their positions. These institutions now hold 51.98 million shares or 6.99% less than the 55.89 million shares they owned in 2015Q2.
The Fund Stockbridge Partners Llc currently is holding shares equating to 7.29% of its total portfolio in WABCO Holdings Inc. representing a total of 1.23 million shares. Another fund,Lionstone Capital Management Llc, is holding a total of 99,100 shares equating to 5.44% of their holdings. Additionally, Fpr Partners Llc has a 2.06 million share stake in WABCO Holdings Inc. which represents 5.4% of their total portfolio. The Fund, Southpoint Capital Advisors Lp, based out of New York, has also built up a stake in the stock, which represents a total of 5.05% of their total portfolio. Finally Edgepoint Investment Group Inc., a fund which is based in the state of Ontario – Canada reported a total holdings of 2.28 million shares.
Insider activity is a very important aspect to track on any stock. Going back to March 3, 2015, shareholders of WABCO Holdings Inc. have witnessed 0 insider buys, and a total of 1 sale equating to a net activity of approximately $837,891 . Varty Nikhil M sold 6,821 shares worth approximately $837,891. Pickering Vincent sold 7,125 shares worth approximately $930,341. Martin Kenneth J sold 2,971 shares worth approximately $377,674. Esculier Jacques sold 139,920 shares worth approximately $17.68M. The company insider Rens Nick sold 1,040 shares worth $122,261.
WABCO Holdings Inc. is a global supplier of electronic, mechanical and mechatronic products. The company has a market cap of $5.66 billion. The Firm develops, makes and sells control systems, including advanced braking, stability, suspension, transmission automation, air compression and processing. It has 23.39 P/E ratio. The Company’s product groups include actuator, air compressor and air processing/air management system, foundation brake, anti-lock braking system , conventional braking system, electronic braking system (EBS), electronic and conventional air suspension systems, transmission automation, vehicle electronic architecture, vehicle electronic stability control and roll stability support.
According to Zacks Investment Research, “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.” Get a free copy of the Zacks research report on WABCO Holdings Inc. (WBC).