November 30, 2016 - By Nellie Frank · 0 Comments
Wabco Holdings Inc (NYSE:WBC) institutional sentiment decreased to 0.97 in 2016 Q2. Its down -0.32, from 1.29 in 2016Q1. The ratio is negative, as 150 funds started new or increased stock positions, while 116 sold and reduced their equity positions in Wabco Holdings Inc. The funds in our partner’s database now own: 52.59 million shares, down from 53.74 million shares in 2016Q1. Also, the number of funds holding Wabco Holdings Inc in their top 10 stock positions decreased from 6 to 5 for a decrease of 1. Sold All: 31 Reduced: 85 Increased: 111 New Position: 39.
WABCO Holdings Inc. is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers. The company has a market cap of $5.54 billion. The Firm engineers, develops, makes and sells systems controlling braking, stability, suspension, transmission automation, as well transmission automation and air management systems for commercial vehicles. It has a 21.62 P/E ratio. It sells its products to truck and bus original equipment manufacturers ; commercial vehicle aftermarket distributors for replacement parts and services and commercial vehicle fleet operators for management solutions and service; trailer OEMs, and car manufacturers.
About 92,922 shares traded hands. WABCO Holdings Inc. (NYSE:WBC) has declined 13.61% since April 27, 2016 and is downtrending. It has underperformed by 18.83% the S&P500.
Analysts await WABCO Holdings Inc. (NYSE:WBC) to report earnings on February, 9. They expect $1.44 EPS, up 0.70% or $0.01 from last year’s $1.43 per share. WBC’s profit will be $80.75M for 17.15 P/E if the $1.44 EPS becomes a reality. After $1.54 actual EPS reported by WABCO Holdings Inc. for the previous quarter, Wall Street now forecasts -6.49% negative EPS growth.
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.”
Fpr Partners Llc holds 6.11% of its portfolio in WABCO Holdings Inc. for 2.77 million shares. Oskie Capital Management Llc owns 104,301 shares or 5.73% of their US portfolio. Moreover, Stockbridge Partners Llc has 5.56% invested in the company for 1.16 million shares. The Ontario – Canada-based Edgepoint Investment Group Inc. has invested 5.54% in the stock. Sq Advisors Llc, a Florida-based fund reported 1.40 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 2 selling transactions for $165,699 net activity.
Ratings analysis reveals 58% of WABCO Holdings’s analysts are positive. Out of 12 Wall Street analysts rating WABCO Holdings, 7 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $96 while the high is $153. The stock’s average target of $119.50 is 20.96% above today’s ($98.79) share price. WBC was included in 24 notes of analysts from September 1, 2015. The rating was maintained by Goldman Sachs on Tuesday, April 26 with “Buy”. The company was maintained on Monday, August 15 by JP Morgan. As per Tuesday, September 8, the company rating was downgraded by Zacks. The company was downgraded on Tuesday, June 28 by Piper Jaffray. As per Monday, March 14, the company rating was upgraded by Bank of America. Goldman Sachs downgraded the shares of WBC in a report on Tuesday, June 28 to “Neutral” rating. Barclays Capital maintained the shares of WBC in a report on Wednesday, October 12 with “Equal-Weight” rating. The company was upgraded on Tuesday, December 8 by Stifel Nicolaus. The stock has “Sell” rating given by Zacks on Tuesday, September 1. As per Monday, October 24, the company rating was upgraded by Barclays Capital.
WABCO Holdings Inc., incorporated on February 20, 2007, is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers. The Firm engineers, develops, makes and sells integrated systems controlling braking, stability, suspension, transmission automation, as well transmission automation and air management systems for commercial vehicles. The Firm sells its products to truck and bus original equipment manufacturers (OEMs); commercial vehicle aftermarket distributors for replacement parts and services and commercial vehicle fleet operators for management solutions and service; trailer OEMs, and car manufacturers. For passenger cars, including sports utility vehicles (SUVs), the Company supplies products for niche applications. The Firm offers its products in Europe, North America, South America, Asia and other.
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By Nellie Frank