Kingswood Wealth Advisors LLC Has $869,000 Position in Wabtec $WAB

Kingswood Wealth Advisors LLC raised its stake in Wabtec (NYSE:WAB) by 2.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,149 shares of the transportation company’s stock after buying an additional 117 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Wabtec were worth $869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of WAB. PFS Partners LLC increased its holdings in shares of Wabtec by 70.4% in the second quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Trust Co. of Vermont increased its holdings in shares of Wabtec by 44.2% in the second quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 50 shares during the last quarter. ST Germain D J Co. Inc. increased its holdings in shares of Wabtec by 30.2% in the second quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 48 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Wabtec in the second quarter valued at $44,000. Finally, UMB Bank n.a. grew its stake in shares of Wabtec by 22.2% in the second quarter. UMB Bank n.a. now owns 358 shares of the transportation company’s stock valued at $75,000 after acquiring an additional 65 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. KeyCorp restated an “overweight” rating and issued a $240.00 price target (up from $220.00) on shares of Wabtec in a research note on Tuesday, June 24th. Citigroup started coverage on shares of Wabtec in a research report on Monday, September 22nd. They set a “buy” rating and a $225.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on shares of Wabtec from $216.00 to $200.00 and set a “neutral” rating for the company in a report on Thursday, August 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a report on Wednesday. Finally, Bank of America increased their target price on shares of Wabtec from $231.00 to $236.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Wabtec presently has a consensus rating of “Moderate Buy” and an average target price of $222.88.

Wabtec Stock Up 0.9%

Shares of NYSE WAB opened at $199.50 on Thursday. The company has a 50 day simple moving average of $192.83 and a 200 day simple moving average of $194.32. The firm has a market cap of $34.10 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 1.53 and a beta of 1.10. Wabtec has a 1 year low of $151.81 and a 1 year high of $216.10. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 1.05.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Thursday, July 24th. The transportation company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.09. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.76 billion. Wabtec had a net margin of 10.92% and a return on equity of 13.65%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business earned $1.96 EPS. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. On average, research analysts forecast that Wabtec will post 8.54 EPS for the current year.

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 14th. Wabtec’s dividend payout ratio is currently 14.93%.

Insiders Place Their Bets

In other Wabtec news, CEO Rafael Santana sold 1,798 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $189.63, for a total transaction of $340,954.74. Following the completion of the sale, the chief executive officer owned 134,931 shares of the company’s stock, valued at approximately $25,586,965.53. This represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 4,483 shares of company stock worth $853,558. Corporate insiders own 1.10% of the company’s stock.

Wabtec Company Profile

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.