Northwest & Ethical Investments L.P. Has $3.47 Million Holdings in Wabtec $WAB

Northwest & Ethical Investments L.P. lessened its holdings in Wabtec (NYSE:WAB) by 50.4% during the 2nd quarter, Holdings Channel reports. The firm owned 16,610 shares of the transportation company’s stock after selling 16,862 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Wabtec were worth $3,470,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. PFS Partners LLC boosted its stake in 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 acquiring an additional 50 shares during the last quarter. Trust Co. of Vermont raised its position 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 acquiring an additional 50 shares during the last quarter. ST Germain D J Co. Inc. raised its position 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 acquiring an additional 48 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Wabtec in the 2nd quarter valued at $44,000. Finally, NewSquare Capital LLC lifted its stake in shares of Wabtec by 125.3% in the 2nd quarter. NewSquare Capital LLC now owns 223 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 124 shares during the period. 91.69% of the stock is owned by institutional investors.

Wabtec Stock Up 0.8%

Shares of Wabtec stock opened at $207.81 on Thursday. Wabtec has a 1 year low of $151.81 and a 1 year high of $216.10. The business has a 50-day moving average of $199.32 and a two-hundred day moving average of $199.76. The company has a market capitalization of $35.53 billion, a P/E ratio of 30.20, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.75.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share for the quarter, beating the consensus estimate 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 previous year, the business posted $2.00 EPS. Wabtec’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. As a group, equities analysts predict that Wabtec will post 8.54 EPS for the current year.

Wabtec Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, November 12th. Wabtec’s dividend payout ratio is 14.53%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Bank of America lifted their price objective on Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Citigroup raised their target price on Wabtec from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Susquehanna boosted their target price on Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a research report on Thursday, October 23rd. Wells Fargo & Company assumed coverage on Wabtec in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $221.00 price target for the company. Finally, Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $226.78.

Insider Buying and Selling

In related news, VP David L. Deninno sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $209.94, for a total value of $1,049,700.00. Following the completion of the transaction, the vice president directly owned 55,450 shares of the company’s stock, valued at approximately $11,641,173. This represents a 8.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO John A. Mastalerz, Jr. sold 2,766 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,110,060. This trade represents a 34.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 25,436 shares of company stock valued at $5,145,024. 1.10% of the stock is owned by corporate 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.