Focus Partners Advisor Solutions LLC Acquires 531 Shares of Wabtec $WAB

Focus Partners Advisor Solutions LLC increased its holdings in shares of Wabtec (NYSE:WAB) by 14.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,152 shares of the transportation company’s stock after purchasing an additional 531 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Wabtec were worth $869,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Nordea Investment Management AB increased its stake in Wabtec by 33.4% during the 2nd quarter. Nordea Investment Management AB now owns 1,592,529 shares of the transportation company’s stock worth $333,062,000 after purchasing an additional 398,782 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in 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 worth $162,907,000 after acquiring an additional 280,140 shares during the last quarter. Pacer Advisors Inc. boosted its position in Wabtec by 2,220.1% during the 1st quarter. Pacer Advisors Inc. now owns 738,038 shares of the transportation company’s stock worth $133,843,000 after acquiring an additional 706,227 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Wabtec by 8.7% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 439,144 shares of the transportation company’s stock worth $91,935,000 after acquiring an additional 35,088 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Wabtec by 46.0% during the 1st quarter. BNP Paribas Financial Markets now owns 380,793 shares of the transportation company’s stock worth $69,057,000 after acquiring an additional 120,057 shares during the last quarter. 91.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Gregory Sbrocco sold 2,953 shares of the stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $195.43, for a total value of $577,104.79. Following the sale, the executive vice president owned 17,829 shares in the company, valued at approximately $3,484,321.47. This represents a 14.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rafael Santana sold 1,798 shares of the stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $195.04, for a total value of $350,681.92. Following the completion of the sale, the chief executive officer 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 9,234 shares of company stock worth $1,781,345. 1.10% of the stock is owned by company insiders.

Wabtec Trading Down 1.1%

NYSE WAB opened at $198.04 on Wednesday. Wabtec has a 12 month low of $151.81 and a 12 month high of $216.10. The stock has a 50 day moving average of $194.37 and a 200-day moving average of $196.47. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. The company has a market cap of $33.86 billion, a PE ratio of 28.78, a PEG ratio of 1.54 and a beta of 1.10.

Wabtec (NYSE:WAB) last posted its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share 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 business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter in the prior year, the business earned $2.00 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. On average, equities research analysts anticipate that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Announces Dividend

The firm 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, November 12th. Wabtec’s dividend payout ratio is 14.53%.

Analyst Ratings Changes

WAB has been the subject of a number of recent research reports. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Morgan Stanley upped their price target on Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Bank of America upped their price target on Wabtec from $231.00 to $236.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Susquehanna upped their price target on Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a research report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. upped their price target on Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $225.38.

Wabtec 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.