Wabtec $WAB Holdings Raised by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its stake in Wabtec (NYSE:WAB) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,445 shares of the transportation company’s stock after purchasing an additional 311 shares during the quarter. Wealthfront Advisers LLC’s holdings in Wabtec were worth $5,327,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Nordea Investment Management AB raised its position in shares of 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 buying an additional 398,782 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Wabtec by 56.3% during the second quarter. Robeco Institutional Asset Management B.V. now owns 778,156 shares of the transportation company’s stock valued at $162,907,000 after acquiring an additional 280,140 shares during the period. Pacer Advisors Inc. raised its holdings in Wabtec by 2,220.1% during the first quarter. Pacer Advisors Inc. now owns 738,038 shares of the transportation company’s stock worth $133,843,000 after purchasing an additional 706,227 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Wabtec by 8.7% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 439,144 shares of the transportation company’s stock worth $91,935,000 after purchasing an additional 35,088 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Wabtec by 46.0% during the 1st quarter. BNP Paribas Financial Markets now owns 380,793 shares of the transportation company’s stock valued at $69,057,000 after purchasing an additional 120,057 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Stock Down 1.1%

Shares of NYSE:WAB opened at $198.04 on Wednesday. The firm has a 50 day simple moving average of $194.37 and a 200 day simple moving average of $196.47. 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 0.75 and a current ratio of 1.42. The company has a market cap of $33.86 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10.

Wabtec (NYSE:WAB) last posted its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.04. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.00 EPS. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. As a group, research analysts expect that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Dividend Announcement

The firm 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 dividend of $0.25 per share. 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 dividend payout ratio (DPR) is presently 14.53%.

Insider Activity

In other news, CEO Rafael Santana sold 1,799 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was 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. This represents a 1.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Gregory Sbrocco sold 2,953 shares of the stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $195.43, for a total transaction of $577,104.79. Following the completion of the sale, the executive vice president directly owned 17,829 shares of the company’s stock, valued at $3,484,321.47. This trade represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 9,234 shares of company stock worth $1,781,345. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Morgan Stanley upped their price objective on Wabtec from $220.00 to $226.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a report on Wednesday, October 8th. Citigroup initiated coverage on shares of Wabtec in a research note on Monday, September 22nd. They issued a “buy” rating and a $225.00 price objective on the stock. 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 report on Tuesday, October 14th. Finally, Bank of America increased their target price 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. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.