Leeward Investments LLC MA Has $11.23 Million Stock Position in Wabtec $WAB

Leeward Investments LLC MA lowered its stake in shares of Wabtec (NYSE:WAB) by 2.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 53,630 shares of the transportation company’s stock after selling 1,428 shares during the quarter. Leeward Investments LLC MA’s holdings in Wabtec were worth $11,227,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WAB. PFS Partners LLC raised its holdings in shares of Wabtec by 70.4% during 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 during the period. Trust Co. of Vermont raised its holdings in shares of Wabtec by 44.2% during the second quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 50 shares during the period. ST Germain D J Co. Inc. raised its holdings in shares of Wabtec by 30.2% during the second quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 48 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Wabtec during the second quarter valued at about $44,000. Finally, Harbour Investments Inc. raised its holdings in shares of Wabtec by 30.9% during the second quarter. Harbour Investments Inc. now owns 309 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Trading Up 0.4%

Shares of WAB stock opened at $197.81 on Friday. Wabtec has a 52-week low of $151.81 and a 52-week high of $216.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 1.42. The company has a 50-day simple moving average of $194.06 and a two-hundred day simple moving average of $195.96. The company has a market capitalization of $33.82 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 1.52 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 earnings per share (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 business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the prior year, the firm posted $2.00 EPS. The firm’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. Research analysts anticipate that Wabtec will post 8.54 EPS 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 given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, November 12th. Wabtec’s dividend payout ratio is presently 14.53%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WAB. Citigroup began coverage on shares of Wabtec in a research report on Monday, September 22nd. They set a “buy” rating and a $225.00 target price for the company. Susquehanna boosted their target price on shares of Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a research report on Thursday. Wall Street Zen downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. boosted their target price on shares of Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Finally, Morgan Stanley boosted their target price on shares of Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Wabtec currently has a consensus rating of “Moderate Buy” and a consensus target price of $225.38.

Insider Transactions at Wabtec

In other Wabtec news, EVP Gregory Sbrocco sold 2,953 shares of the business’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $195.43, for a total value of $577,104.79. Following the transaction, the executive vice president directly owned 17,829 shares in the company, valued at $3,484,321.47. The trade was a 14.21% 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, CEO Rafael Santana sold 1,798 shares of the business’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $195.04, for a total transaction of $350,681.92. Following the completion of the transaction, the chief executive officer owned 133,133 shares in the company, valued at approximately $25,966,260.32. The trade was a 1.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,234 shares of company stock valued at $1,781,345 over the last ninety days. 1.10% of the stock is currently owned by insiders.

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.