Wabtec $WAB Shares Sold by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP decreased its holdings in shares of Wabtec (NYSE:WAB) by 11.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,207 shares of the transportation company’s stock after selling 2,751 shares during the period. Hudson Bay Capital Management LP’s holdings in Wabtec were worth $4,440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in WAB. PFS Partners LLC raised its holdings in shares of Wabtec by 70.4% in the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock worth $25,000 after purchasing an additional 50 shares in the last quarter. Colonial Trust Advisors grew its position in Wabtec by 454.5% in the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock worth $26,000 after buying an additional 100 shares during the last quarter. Trust Co. of Vermont grew its position in Wabtec by 44.2% in the second quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock worth $34,000 after buying 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 buying an additional 48 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Wabtec during the 2nd quarter valued at $44,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Activity

In other Wabtec news, insider Pascal Schweitzer sold 3,000 shares of Wabtec stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $208.07, for a total value of $624,210.00. Following the completion of the sale, the insider directly owned 4,955 shares in the company, valued at $1,030,986.85. The trade was a 37.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David L. Deninno sold 5,000 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $214.62, for a total transaction of $1,073,100.00. Following the transaction, the vice president owned 50,450 shares in the company, valued at approximately $10,827,579. This trade represents a 9.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 33,916 shares of company stock valued at $7,059,620. 1.10% of the stock is currently owned by company insiders.

Wabtec Trading Up 0.6%

NYSE WAB opened at $215.69 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. Wabtec has a 1-year low of $151.81 and a 1-year high of $220.89. The firm’s fifty day simple moving average is $203.51 and its 200-day simple moving average is $200.64. The company has a market capitalization of $36.87 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, October 22nd. The transportation company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.04. Wabtec had a return on equity of 13.84% and a net margin of 10.94%.The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the previous year, the company posted $2.00 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. As a group, sell-side analysts anticipate that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were issued a $0.25 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Wabtec’s dividend payout ratio is currently 14.53%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wells Fargo & Company initiated coverage on Wabtec in a report on Thursday, November 13th. They issued an “equal weight” rating and a $221.00 target price on the stock. Citigroup increased their price target on Wabtec from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Susquehanna boosted their price objective on Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Wednesday, October 8th. Finally, Bank of America lifted their target price on shares of Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Wabtec presently has an average rating of “Moderate Buy” and an average target price of $226.78.

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.