Addenda Capital Inc. Purchases 20,371 Shares of Wabtec $WAB

Addenda Capital Inc. grew its position in shares of Wabtec (NYSE:WAB) by 26.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 98,440 shares of the transportation company’s stock after acquiring an additional 20,371 shares during the period. Addenda Capital Inc. owned about 0.06% of Wabtec worth $19,734,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PFS Partners LLC boosted its position in shares of Wabtec by 70.4% during the second 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 boosted its holdings in shares of Wabtec by 454.5% during the 2nd quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. Trust Co. of Vermont boosted its holdings in shares of Wabtec by 44.2% during the 2nd 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 in the last quarter. North Capital Inc. grew its position in shares of Wabtec by 18,900.0% in the 3rd quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock worth $38,000 after buying an additional 189 shares during the period. Finally, ST Germain D J Co. Inc. increased its stake in shares of Wabtec by 30.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock worth $43,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

WAB has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on Wabtec from $221.00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted 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. Citigroup upped their price target on shares of Wabtec from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Susquehanna raised their price objective on shares of Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $227.11.

Insider Buying and Selling at Wabtec

In other news, insider Pascal Schweitzer sold 3,000 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $208.07, for a total transaction of $624,210.00. Following the completion of the sale, the insider owned 4,955 shares of the company’s stock, valued at $1,030,986.85. This represents a 37.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David L. Deninno sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $214.62, for a total transaction of $1,073,100.00. Following the completion of the transaction, the vice president owned 50,450 shares in the company, valued at $10,827,579. This trade represents a 9.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 33,916 shares of company stock worth $7,059,620. 1.10% of the stock is owned by corporate insiders.

Wabtec Trading Up 0.7%

Shares of WAB stock opened at $213.67 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 $220.89. The stock has a market capitalization of $36.53 billion, a P/E ratio of 31.06, a P/E/G ratio of 1.63 and a beta of 0.99. The firm’s 50 day moving average is $204.45 and its 200 day moving average is $200.89.

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

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, November 12th. Wabtec’s dividend payout ratio (DPR) is presently 14.53%.

Wabtec Company 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.