International Assets Investment Management LLC Makes New $211,000 Investment in Wabtec $WAB

International Assets Investment Management LLC bought a new position in Wabtec (NYSE:WAB) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,009 shares of the transportation company’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PFS Partners LLC grew its stake in 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 acquiring an additional 50 shares during the period. Trust Co. of Vermont grew its stake in shares of Wabtec by 44.2% during 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 period. ST Germain D J Co. Inc. grew its stake in shares of Wabtec by 30.2% during the 2nd 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 during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Wabtec during the 2nd quarter valued at $44,000. Finally, Harbour Investments Inc. grew its stake in shares of Wabtec by 30.9% during the 2nd quarter. Harbour Investments Inc. now owns 309 shares of the transportation company’s stock valued at $65,000 after buying an additional 73 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Wabtec news, CEO Rafael Santana sold 1,799 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $189.97, for a total value of $341,756.03. Following the transaction, the chief executive officer owned 136,729 shares in the company, valued at $25,974,408.13. The trade was a 1.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 6,281 shares of company stock valued at $1,204,240. Insiders own 1.10% of the company’s stock.

Wabtec Stock Up 1.9%

Shares of Wabtec stock opened at $197.19 on Friday. The company has a fifty day moving average price of $193.88 and a 200 day moving average price of $195.45. The company has a current ratio of 1.42, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45. Wabtec has a twelve month low of $151.81 and a twelve month high of $216.10. The stock has a market cap of $33.71 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 1.49 and a beta of 1.10.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the previous year, the business posted $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. Equities research analysts forecast that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be issued 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 payout ratio is currently 14.93%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Wabtec from $200.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, October 8th. Bank of America boosted their price objective on shares of Wabtec from $231.00 to $236.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Morgan Stanley boosted their price objective on shares of Wabtec from $220.00 to $226.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Susquehanna upped their price target on shares of Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a research report on Thursday. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Wabtec presently has an average rating of “Moderate Buy” and a consensus target price of $225.38.

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.