WABCO (NYSE:WBC) posted its quarterly earnings data on Friday, February 16th. The auto parts company reported $2.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.20, Bloomberg Earnings reports. The business had revenue of $934.00 million during the quarter, compared to the consensus estimate of $900.52 million. WABCO had a return on equity of 37.38% and a net margin of 12.29%. WABCO’s quarterly revenue was up 30.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.47 earnings per share. WABCO updated its FY18 guidance to $7.20-7.70 EPS.

WABCO (WBC) traded up $0.37 during mid-day trading on Monday, reaching $136.39. 14,802 shares of the company traded hands, compared to its average volume of 365,063. The company has a quick ratio of 1.93, a current ratio of 2.23 and a debt-to-equity ratio of 0.85. WABCO has a 52 week low of $111.21 and a 52 week high of $162.20. The stock has a market cap of $7,309.10, a P/E ratio of 19.80, a PEG ratio of 1.20 and a beta of 1.80.

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Institutional investors have recently modified their holdings of the company. Cerebellum GP LLC acquired a new stake in WABCO in the 4th quarter worth approximately $129,000. Whittier Trust Co. of Nevada Inc. lifted its stake in WABCO by 114.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 935 shares of the auto parts company’s stock valued at $134,000 after acquiring an additional 500 shares during the period. American International Group Inc. acquired a new stake in WABCO during the 4th quarter valued at approximately $172,000. Zions Bancorporation acquired a new stake in WABCO during the 3rd quarter valued at approximately $179,000. Finally, Brown Advisory Inc. acquired a new stake in WABCO during the 3rd quarter valued at approximately $202,000. 96.28% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on WBC shares. Morgan Stanley assumed coverage on shares of WABCO in a research report on Friday. They issued an “overweight” rating and a $159.00 price target on the stock. Zacks Investment Research upgraded shares of WABCO from a “hold” rating to a “buy” rating and set a $161.00 price target for the company in a research note on Thursday, December 28th. ValuEngine lowered shares of WABCO from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price target (down from $162.00) on shares of WABCO in a report on Tuesday, February 20th. Finally, Buckingham Research reaffirmed a “neutral” rating and set a $152.00 price objective (down from $156.00) on shares of WABCO in a report on Tuesday, February 20th. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. WABCO has an average rating of “Buy” and an average target price of $162.13.

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About WABCO

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.

Earnings History for WABCO (NYSE:WBC)

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