Vontobel Holding Ltd. Has $380,000 Stock Holdings in Wabtec $WAB

Vontobel Holding Ltd. lowered its position in Wabtec (NYSE:WAB) by 70.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,814 shares of the transportation company’s stock after selling 4,315 shares during the period. Vontobel Holding Ltd.’s holdings in Wabtec were worth $380,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its position in shares of 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 worth $162,907,000 after purchasing an additional 280,140 shares during the period. Pacer Advisors Inc. lifted its position in shares of Wabtec by 2,220.1% in the 1st 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 during the period. BNP Paribas Financial Markets lifted its position in shares of Wabtec by 46.0% in the 1st quarter. BNP Paribas Financial Markets now owns 380,793 shares of the transportation company’s stock worth $69,057,000 after purchasing an additional 120,057 shares during the period. Vantage Investment Partners LLC lifted its position in shares of Wabtec by 4.4% in the 2nd quarter. Vantage Investment Partners LLC now owns 267,573 shares of the transportation company’s stock worth $56,016,000 after purchasing an additional 11,263 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Wabtec by 70.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 221,911 shares of the transportation company’s stock worth $46,457,000 after purchasing an additional 91,381 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Activity

In other news, CEO Rafael Santana sold 1,798 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer owned 134,931 shares in the company, valued at $25,586,965.53. This represents a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 4,483 shares of company stock valued at $853,558. Corporate insiders own 1.10% of the company’s stock.

Wabtec Stock Performance

Shares of WAB stock opened at $195.82 on Wednesday. The firm has a market capitalization of $33.48 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 1.50 and a beta of 1.10. The firm has a fifty day simple moving average of $193.25 and a two-hundred day simple moving average of $194.56. 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 has a 12 month low of $151.81 and a 12 month high of $216.10.

Wabtec (NYSE:WAB) last announced its quarterly earnings results on Thursday, July 24th. The transportation company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.09. The business had revenue of $2.71 billion during 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 quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.96 EPS. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. Analysts forecast that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WAB. Susquehanna boosted their price target 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. KeyCorp reiterated an “overweight” rating and issued a $240.00 price objective (up previously from $220.00) on shares of Wabtec in a research note on Tuesday, June 24th. Morgan Stanley lifted their price objective on shares of Wabtec from $220.00 to $226.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Wabtec from $200.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.75.

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.