Amundi Boosts Position in Wabtec $WAB

Amundi increased its holdings in Wabtec (NYSE:WAB) by 36.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,614,789 shares of the transportation company’s stock after acquiring an additional 434,401 shares during the quarter. Amundi owned about 0.94% of Wabtec worth $345,371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in WAB. PFS Partners LLC boosted its stake in shares of Wabtec by 70.4% during 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 in the last quarter. Colonial Trust Advisors raised its stake in Wabtec by 454.5% in the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock worth $26,000 after buying an additional 100 shares in the last quarter. Trust Co. of Vermont lifted its holdings in Wabtec by 44.2% in the second quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock worth $34,000 after buying an additional 50 shares during the period. ST Germain D J Co. Inc. boosted its position in 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 acquiring an additional 48 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Wabtec during the 2nd quarter worth approximately $44,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wabtec Stock Performance

WAB stock opened at $214.71 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. Wabtec has a 12-month low of $151.81 and a 12-month high of $216.10. The stock has a market capitalization of $36.71 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. The stock’s 50 day simple moving average is $201.73 and its 200 day simple moving average is $200.11.

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

Wabtec Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, November 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Wabtec’s payout ratio is currently 14.53%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on Wabtec from $200.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Bank of America increased their price target on shares of Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Citigroup lifted their price target on shares of Wabtec from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $226.78.

Insider Activity

In other news, CAO John A. Mastalerz, Jr. sold 2,766 shares of the firm’s stock in a transaction on 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 directly owned 5,286 shares in the company, valued at $1,110,060. This trade represents a 34.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Gregory Sbrocco sold 2,953 shares of the company’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $195.43, for a total value of $577,104.79. Following the sale, the executive vice president owned 17,829 shares of the company’s stock, valued at approximately $3,484,321.47. This trade represents a 14.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 32,455 shares of company stock worth $6,651,219. Insiders own 1.10% of the company’s stock.

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.