Mutual of America Capital Management LLC Sells 244 Shares of Wabtec $WAB

Mutual of America Capital Management LLC decreased its stake in Wabtec (NYSE:WAB) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,628 shares of the transportation company’s stock after selling 244 shares during the period. Mutual of America Capital Management LLC’s holdings in Wabtec were worth $4,109,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. increased its stake in Wabtec by 2,220.1% in the first quarter. Pacer Advisors Inc. now owns 738,038 shares of the transportation company’s stock valued at $133,843,000 after acquiring an additional 706,227 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Wabtec by 33.4% during the 2nd quarter. Nordea Investment Management AB now owns 1,592,529 shares of the transportation company’s stock valued at $333,062,000 after purchasing an additional 398,782 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Wabtec by 56.3% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 778,156 shares of the transportation company’s stock valued at $162,907,000 after purchasing an additional 280,140 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Wabtec during the 2nd quarter valued at about $32,547,000. Finally, BNP Paribas Financial Markets increased its position in shares of Wabtec by 46.0% during the 1st quarter. BNP Paribas Financial Markets now owns 380,793 shares of the transportation company’s stock valued at $69,057,000 after purchasing an additional 120,057 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Wabtec Price Performance

Shares of Wabtec stock opened at $193.27 on Thursday. The firm has a market cap of $33.04 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 1.53 and a beta of 1.10. Wabtec has a 12-month low of $151.81 and a 12-month high of $216.10. The company has a quick ratio of 1.05, a current ratio of 1.76 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $193.77 and its two-hundred day simple moving average is $195.20.

Wabtec (NYSE:WAB) last posted its earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.04. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Wabtec had a return on equity of 13.65% and a net margin of 10.92%.Wabtec’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $2.00 earnings per share. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. As a group, equities analysts expect that Wabtec will post 8.54 EPS for the current year.

Wabtec Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, November 12th. Wabtec’s dividend payout ratio (DPR) is currently 14.93%.

Insider Buying and Selling at Wabtec

In other news, CEO Rafael Santana sold 1,798 shares of Wabtec stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $195.04, for a total value of $350,681.92. Following the sale, the chief executive officer directly owned 133,133 shares in the company, valued at approximately $25,966,260.32. This trade represents a 1.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 6,281 shares of company stock valued at $1,204,240. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Morgan Stanley increased their price target on shares of Wabtec from $220.00 to $226.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Susquehanna raised their price objective on Wabtec from $210.00 to $235.00 and gave the company a “positive” rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. raised their price objective on Wabtec from $200.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. 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, Wabtec currently has a consensus rating of “Moderate Buy” and an average target price of $224.75.

About Wabtec

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.