Orion Porfolio Solutions LLC Has $1.51 Million Stock Holdings in Wabtec $WAB

Orion Porfolio Solutions LLC grew its holdings in shares of Wabtec (NYSE:WAB) by 68.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,213 shares of the transportation company’s stock after buying an additional 2,927 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Wabtec were worth $1,510,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in WAB. PFS Partners LLC lifted its position 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 acquiring an additional 50 shares in the last quarter. Colonial Trust Advisors raised its stake in shares of 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 purchasing an additional 100 shares during the last quarter. Trust Co. of Vermont lifted its holdings 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 purchasing an additional 50 shares in the last quarter. ST Germain D J Co. Inc. boosted its position in shares of Wabtec by 30.2% during the second quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock valued at $43,000 after buying an additional 48 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Wabtec during the second quarter worth $44,000. 91.69% of the stock is owned by institutional investors.

Insider Activity at Wabtec

In other news, EVP Gregory Sbrocco sold 2,953 shares of the business’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $195.43, for a total transaction of $577,104.79. Following the completion of the transaction, the executive vice president directly owned 17,829 shares in the company, valued at $3,484,321.47. The trade was a 14.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Pascal Schweitzer sold 3,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $208.07, for a total transaction of $624,210.00. Following the completion of the transaction, the insider directly owned 4,955 shares in the company, valued at approximately $1,030,986.85. The trade was a 37.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 35,714 shares of company stock valued at $7,441,102 in the last quarter. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WAB. 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 report on Tuesday, October 14th. Susquehanna boosted their price target on shares of Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a report on Thursday, October 23rd. Wells Fargo & Company upped their price objective on shares of Wabtec from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. Bank of America increased their price objective on shares of Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, Weiss Ratings restated 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 stock. Based on data from MarketBeat.com, Wabtec currently has an average rating of “Moderate Buy” and a consensus price target of $227.11.

Wabtec Price Performance

Shares of NYSE:WAB opened at $216.03 on Monday. The firm has a market capitalization of $36.93 billion, a PE ratio of 31.40, a P/E/G ratio of 1.66 and a beta of 0.99. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average price of $204.95 and a two-hundred day moving average price of $200.95. Wabtec has a twelve month low of $151.81 and a twelve month high of $220.89.

Wabtec (NYSE:WAB) last issued its quarterly earnings data 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. Wabtec had a return on equity of 13.84% and a net margin of 10.94%.The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter in the prior year, the firm posted $2.00 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. Equities analysts forecast that Wabtec will post 8.54 EPS for the current year.

Wabtec Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were 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 was Wednesday, November 12th. Wabtec’s dividend payout ratio (DPR) is 14.53%.

About Wabtec

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec’s business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.