Wabtec $WAB Position Trimmed by IFP Advisors Inc

IFP Advisors Inc cut its stake in shares of Wabtec (NYSE:WAB) by 21.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 728 shares of the transportation company’s stock after selling 196 shares during the period. IFP Advisors Inc’s holdings in Wabtec were worth $152,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. ST Germain D J Co. Inc. raised its holdings 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 purchasing an additional 48 shares in the last quarter. PFS Partners LLC boosted its holdings in Wabtec by 70.4% in the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 50 shares during the period. Trust Co. of Vermont lifted its stake in shares of Wabtec by 44.2% in the second quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock valued at $34,000 after buying an additional 50 shares during the period. UMB Bank n.a. grew its holdings in shares of Wabtec by 22.2% during the 2nd quarter. UMB Bank n.a. now owns 358 shares of the transportation company’s stock worth $75,000 after purchasing an additional 65 shares in the last quarter. Finally, CX Institutional boosted its stake in Wabtec by 6.3% during the second quarter. CX Institutional now owns 1,478 shares of the transportation company’s stock worth $309,000 after buying an additional 87 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Wabtec Stock Performance

Shares of NYSE WAB opened at $194.34 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.05 and a current ratio of 1.76. The stock has a 50 day moving average price of $193.60 and a 200 day moving average price of $194.80. The stock has a market capitalization of $33.22 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 1.50 and a beta of 1.10. Wabtec has a 52 week low of $151.81 and a 52 week high of $216.10.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Thursday, July 24th. The transportation company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the prior year, the business posted $1.96 EPS. The business’s revenue 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 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be 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 of this dividend is Wednesday, November 12th. Wabtec’s dividend payout ratio (DPR) is 14.93%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WAB. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, October 8th. Bank of America increased their price target 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. Susquehanna boosted their price objective on Wabtec from $210.00 to $235.00 and gave the stock a “positive” rating in a report on Friday, July 25th. Morgan Stanley raised their price target on Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $224.75.

Insider Buying and Selling at Wabtec

In other news, CEO Rafael Santana sold 1,799 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $189.97, for a total value of $341,756.03. Following the sale, the chief executive officer directly owned 136,729 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. In the last quarter, insiders have sold 6,281 shares of company stock worth $1,204,240. 1.10% of the stock is owned by 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.