Ameritas Advisory Services LLC Invests $44,000 in Wabtec $WAB

Ameritas Advisory Services LLC purchased a new position in shares of Wabtec (NYSE:WAB) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 212 shares of the transportation company’s stock, valued at approximately $44,000.

Several other hedge funds have also recently bought and sold shares of WAB. Greenleaf Trust increased its position in Wabtec by 2.8% during the first quarter. Greenleaf Trust now owns 3,437 shares of the transportation company’s stock worth $623,000 after buying an additional 93 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Wabtec by 16.0% during the 1st quarter. New York State Common Retirement Fund now owns 142,163 shares of the transportation company’s stock valued at $25,781,000 after acquiring an additional 19,600 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Wabtec by 2,220.1% during the 1st quarter. Pacer Advisors Inc. now owns 738,038 shares of the transportation company’s stock valued at $133,843,000 after acquiring an additional 706,227 shares during the last quarter. Harvest Fund Management Co. Ltd increased its holdings in shares of Wabtec by 30.5% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 5,097 shares of the transportation company’s stock valued at $957,000 after acquiring an additional 1,190 shares during the last quarter. Finally, Raiffeisen Bank International AG grew its holdings in Wabtec by 159.0% during the first quarter. Raiffeisen Bank International AG now owns 16,561 shares of the transportation company’s stock valued at $3,011,000 after purchasing an additional 10,168 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Wabtec Stock Performance

Wabtec stock opened at $193.49 on Tuesday. The company’s 50-day moving average is $193.11 and its two-hundred day moving average is $194.56. Wabtec has a 1 year low of $151.81 and a 1 year high of $216.10. The company has a market cap of $33.08 billion, a PE ratio of 28.88, a PEG ratio of 1.48 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 announced its quarterly earnings data on Thursday, July 24th. The transportation company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.09. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.76 billion. Wabtec had a net margin of 10.92% and a return on equity of 13.65%. Wabtec’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.96 earnings per share. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. Equities analysts anticipate that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, August 14th. Wabtec’s dividend payout ratio (DPR) is currently 14.93%.

Wall Street Analysts Forecast Growth

WAB has been the topic of several analyst reports. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. JPMorgan Chase & Co. lowered 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. Susquehanna boosted their target price on shares of Wabtec from $210.00 to $235.00 and gave the stock a “positive” rating in a research report on Friday, July 25th. Bank of America boosted their target price on shares of Wabtec from $231.00 to $236.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $222.88.

Insider Buying and Selling at Wabtec

In related news, CEO Rafael Santana sold 1,798 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $189.63, for a total value of $340,954.74. Following the sale, the chief executive officer directly owned 134,931 shares in the company, valued at $25,586,965.53. This trade represents a 1.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 4,483 shares of company stock valued at $853,558. Company insiders own 1.10% of the company’s stock.

About Wabtec

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.