WABCO (WBC) Hits New 12-Month Low at $109.30

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WABCO Holdings Inc. (NYSE:WBC) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $109.30 and last traded at $109.11, with a volume of 40628 shares changing hands. The stock had previously closed at $112.03.

WBC has been the subject of a number of recent analyst reports. ValuEngine raised shares of WABCO from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 10th. Stifel Nicolaus cut their price objective on shares of WABCO from $159.00 to $152.00 and set a “buy” rating for the company in a report on Monday, September 24th. Morgan Stanley cut their price objective on shares of WABCO from $159.00 to $144.00 and set an “overweight” rating for the company in a report on Friday, July 20th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $160.00 price objective on shares of WABCO in a report on Friday, July 20th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $135.00 price objective on shares of WABCO in a report on Thursday, July 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $148.83.

The company has a current ratio of 2.48, a quick ratio of 2.07 and a debt-to-equity ratio of 0.67. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 1.05 and a beta of 1.82.

WABCO (NYSE:WBC) last released its quarterly earnings data on Thursday, July 19th. The auto parts company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.10. WABCO had a net margin of 11.77% and a return on equity of 34.37%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $989.16 million. During the same quarter in the previous year, the company earned $1.69 earnings per share. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. On average, analysts predict that WABCO Holdings Inc. will post 7.5 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in WBC. Millennium Management LLC increased its stake in shares of WABCO by 103.1% during the first quarter. Millennium Management LLC now owns 661,964 shares of the auto parts company’s stock worth $88,617,000 after purchasing an additional 336,063 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of WABCO by 5,791.4% during the second quarter. Assenagon Asset Management S.A. now owns 316,429 shares of the auto parts company’s stock worth $37,029,000 after purchasing an additional 311,058 shares in the last quarter. EdgePoint Investment Group Inc. increased its stake in shares of WABCO by 8.6% during the second quarter. EdgePoint Investment Group Inc. now owns 3,490,757 shares of the auto parts company’s stock worth $408,488,000 after purchasing an additional 277,145 shares in the last quarter. First Manhattan Co. increased its stake in shares of WABCO by 43.7% during the second quarter. First Manhattan Co. now owns 766,080 shares of the auto parts company’s stock worth $89,646,000 after purchasing an additional 232,856 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of WABCO by 126.7% during the second quarter. Renaissance Technologies LLC now owns 366,500 shares of the auto parts company’s stock worth $42,888,000 after purchasing an additional 204,800 shares in the last quarter.

About WABCO (NYSE:WBC)

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, transmission automation, and air management systems primarily for commercial vehicles.

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