Wabtec $WAB Shares Sold by Hahn Capital Management LLC

Hahn Capital Management LLC trimmed its position in Wabtec (NYSE:WAB) by 1.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 59,973 shares of the transportation company’s stock after selling 922 shares during the period. Wabtec accounts for approximately 5.9% of Hahn Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. Hahn Capital Management LLC’s holdings in Wabtec were worth $12,555,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. raised its position in Wabtec by 2,220.1% in the first quarter. Pacer Advisors Inc. now owns 738,038 shares of the transportation company’s stock valued at $133,843,000 after purchasing an additional 706,227 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Wabtec by 56.3% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 778,156 shares of the transportation company’s stock valued at $162,907,000 after buying an additional 280,140 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Wabtec during the 2nd quarter worth approximately $32,547,000. BNP Paribas Financial Markets grew its holdings in Wabtec by 46.0% during the 1st quarter. BNP Paribas Financial Markets now owns 380,793 shares of the transportation company’s stock worth $69,057,000 after acquiring an additional 120,057 shares during the last quarter. Finally, J. Safra Sarasin Holding AG acquired a new position in Wabtec in the 2nd quarter valued at approximately $18,055,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Ratings Changes

WAB has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. JPMorgan Chase & Co. cut their target price on Wabtec from $216.00 to $200.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Bank of America increased their price target on Wabtec from $231.00 to $236.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. KeyCorp reaffirmed an “overweight” rating and issued a $240.00 price objective (up from $220.00) on shares of Wabtec in a research note on Tuesday, June 24th. Finally, Susquehanna increased their target price on shares of Wabtec from $210.00 to $235.00 and gave the company a “positive” rating in a research report on Friday, July 25th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Wabtec presently has an average rating of “Moderate Buy” and a consensus price target of $222.88.

Insider Activity

In related news, CEO Rafael Santana sold 1,799 shares of Wabtec 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 completion of the sale, the chief executive officer owned 136,729 shares of the company’s stock, valued at approximately $25,974,408.13. This trade represents a 1.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 5,369 shares of company stock valued at $1,042,586. 1.10% of the stock is owned by company insiders.

Wabtec Trading Down 0.4%

WAB opened at $197.75 on Friday. The company has a fifty day moving average price of $192.40 and a two-hundred day moving average price of $193.90. Wabtec has a 1-year low of $151.81 and a 1-year high of $216.10. The company has a market cap of $33.81 billion, a P/E ratio of 29.52, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10. The company has a current ratio of 1.76, a quick ratio of 1.05 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WAB) last issued its earnings results on Thursday, July 24th. The transportation company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.18 by $0.09. Wabtec had a return on equity of 13.65% and a net margin of 10.92%.The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period last year, the business posted $1.96 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. Analysts predict that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 14th. Wabtec’s dividend payout ratio is presently 14.93%.

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.