Bank Julius Baer & Co. Ltd Zurich Has $115,000 Stock Holdings in Wabtec $WAB

Bank Julius Baer & Co. Ltd Zurich reduced its position in Wabtec (NYSE:WAB) by 79.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 550 shares of the transportation company’s stock after selling 2,164 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Wabtec were worth $115,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC raised its holdings in Wabtec by 240.8% during the 2nd quarter. Empowered Funds LLC now owns 15,924 shares of the transportation company’s stock worth $3,334,000 after purchasing an additional 11,252 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Wabtec by 8.7% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 439,144 shares of the transportation company’s stock valued at $91,935,000 after purchasing an additional 35,088 shares during the last quarter. Keeler Thomas Management LLC acquired a new stake in shares of Wabtec during the 2nd quarter worth approximately $1,421,000. DekaBank Deutsche Girozentrale raised its stake in shares of Wabtec by 6.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 48,066 shares of the transportation company’s stock worth $9,996,000 after buying an additional 2,765 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Wabtec by 33.4% in the second quarter. Nordea Investment Management AB now owns 1,592,529 shares of the transportation company’s stock valued at $333,062,000 after buying an additional 398,782 shares during the period. Institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling at Wabtec

In related news, CEO Rafael Santana sold 1,798 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $203.61, for a total value of $366,090.78. Following the sale, the chief executive officer directly owned 129,537 shares of the company’s stock, valued at approximately $26,375,028.57. The trade was a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO John A. Mastalerz, Jr. sold 2,766 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $210.00, for a total value of $580,860.00. Following the transaction, the chief accounting officer owned 5,286 shares of the company’s stock, valued at approximately $1,110,060. This trade represents a 34.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 25,436 shares of company stock valued at $5,145,024 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on WAB. Wells Fargo & Company started coverage on shares of Wabtec in a report on Thursday, November 13th. They set an “equal weight” rating and a $221.00 target price for the company. JPMorgan Chase & Co. raised their price target on Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Wednesday, October 8th. Susquehanna increased their target price on Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a research note on Thursday, October 23rd. Finally, Bank of America boosted their target price on Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Wabtec has a consensus rating of “Moderate Buy” and an average target price of $226.78.

Wabtec Trading Down 0.0%

NYSE WAB opened at $200.22 on Tuesday. Wabtec has a one year low of $151.81 and a one year high of $216.10. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.75. The firm has a market cap of $34.23 billion, a P/E ratio of 29.10, a P/E/G ratio of 1.55 and a beta of 1.09. The stock’s 50-day moving average is $198.51 and its 200-day moving average is $199.61.

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

Wabtec Dividend Announcement

The business 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Wabtec’s dividend payout ratio is currently 14.53%.

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.