Inceptionr LLC Has $441,000 Stock Holdings in Wabtec $WAB

Inceptionr LLC decreased its holdings in shares of Wabtec (NYSE:WAB) by 66.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,107 shares of the transportation company’s stock after selling 4,226 shares during the period. Inceptionr LLC’s holdings in Wabtec were worth $441,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Wabtec by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 19,930,893 shares of the transportation company’s stock worth $4,172,532,000 after buying an additional 493,437 shares in the last quarter. Geode Capital Management LLC boosted its stake in Wabtec by 0.7% during the second quarter. Geode Capital Management LLC now owns 4,288,014 shares of the transportation company’s stock worth $893,830,000 after acquiring an additional 30,489 shares in the last quarter. Boston Partners grew its holdings in Wabtec by 9.0% in the second quarter. Boston Partners now owns 2,261,456 shares of the transportation company’s stock worth $471,410,000 after purchasing an additional 186,248 shares during the period. Nordea Investment Management AB increased its stake in Wabtec by 33.4% in the second 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 in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Wabtec by 1.1% during the second quarter. American Century Companies Inc. now owns 1,150,050 shares of the transportation company’s stock valued at $240,764,000 after purchasing an additional 12,715 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company initiated coverage on Wabtec in a research report on Thursday, November 13th. They issued an “equal weight” rating and a $221.00 target price for the company. JPMorgan Chase & Co. upped their target price on Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Wall Street Zen downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Citigroup boosted their price target on shares of Wabtec from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, October 8th. Seven 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, the company presently has an average rating of “Moderate Buy” and an average price target of $226.78.

Wabtec Price Performance

Shares of NYSE:WAB opened at $208.44 on Friday. 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 stock has a market cap of $35.63 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09. The stock’s fifty day simple moving average is $200.07 and its two-hundred day simple moving average is $199.87. Wabtec has a 1-year low of $151.81 and a 1-year high of $216.10.

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. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the prior year, the business posted $2.00 EPS. The business’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. As a group, analysts forecast that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were paid 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 was Wednesday, November 12th. Wabtec’s payout ratio is presently 14.53%.

Insider Buying and Selling

In related news, insider Pascal Schweitzer sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $208.07, for a total transaction of $624,210.00. Following the completion of the sale, the insider directly owned 4,955 shares of the company’s stock, valued at approximately $1,030,986.85. This trade represents a 37.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Gregory Sbrocco sold 2,953 shares of the business’s 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 completion of the transaction, the executive vice president directly owned 17,829 shares in the company, valued at approximately $3,484,321.47. This represents a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 25,436 shares of company stock valued at $5,145,024 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

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.