EFG Asset Management Americas Corp. Has $2.34 Million Stake in Wabtec $WAB

EFG Asset Management Americas Corp. cut its stake in Wabtec (NYSE:WAB) by 16.7% in the second quarter, Holdings Channel.com reports. The firm owned 11,158 shares of the transportation company’s stock after selling 2,231 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in Wabtec were worth $2,336,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. PFS Partners LLC lifted 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 in the last quarter. Trust Co. of Vermont raised its position in Wabtec by 44.2% in the 2nd quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock valued at $34,000 after buying an additional 50 shares during the last quarter. ST Germain D J Co. Inc. lifted its stake in Wabtec by 30.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 48 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Wabtec during the 2nd quarter worth approximately $44,000. Finally, NewSquare Capital LLC grew its stake in shares of Wabtec by 125.3% during the 2nd quarter. NewSquare Capital LLC now owns 223 shares of the transportation company’s stock worth $47,000 after acquiring an additional 124 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Wabtec Stock Performance

WAB opened at $197.97 on Thursday. Wabtec has a 12-month low of $151.81 and a 12-month high of $216.10. The stock has a market cap of $33.84 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 1.55 and a beta of 1.09. The business has a 50 day moving average of $197.96 and a 200-day moving average of $199.37. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.45.

Wabtec (NYSE:WAB) last posted its earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share for the quarter, topping 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 business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same period in the previous year, the firm earned $2.00 EPS. The firm’s 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. On average, equities research analysts expect that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be paid a $0.25 dividend. The ex-dividend date is 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 14.53%.

Analysts Set New Price Targets

A number of research firms recently weighed in on WAB. Morgan Stanley raised their target price 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. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Bank of America lifted their target price on Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. Finally, Citigroup boosted their price target on Wabtec from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Wabtec has an average rating of “Moderate Buy” and a consensus price target of $226.78.

Insider Transactions at Wabtec

In related news, CEO Rafael Santana sold 1,799 shares of Wabtec stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $189.97, for a total transaction of $341,756.03. Following the completion of the sale, the chief executive officer directly owned 136,729 shares of the company’s stock, valued at approximately $25,974,408.13. This trade represents a 1.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO John A. Mastalerz, Jr. sold 2,766 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $210.00, for a total value of $580,860.00. Following the transaction, the chief accounting officer owned 5,286 shares in the company, valued at $1,110,060. The trade was a 34.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 25,436 shares of company stock worth $5,145,024. 1.10% of the stock is currently owned by insiders.

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.