Osaic Holdings Inc. Has $2.82 Million Stock Holdings in Wabtec $WAB

Osaic Holdings Inc. lifted its holdings in Wabtec (NYSE:WAB) by 86.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,449 shares of the transportation company’s stock after buying an additional 6,709 shares during the quarter. Osaic Holdings Inc.’s holdings in Wabtec were worth $2,823,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Wabtec by 2.5% during the second quarter. Vanguard Group Inc. now owns 19,930,893 shares of the transportation company’s stock worth $4,172,532,000 after purchasing an additional 493,437 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Wabtec by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 4,288,014 shares of the transportation company’s stock worth $893,830,000 after buying an additional 30,489 shares in the last quarter. Boston Partners boosted its position in Wabtec by 9.0% in the 2nd quarter. Boston Partners now owns 2,261,456 shares of the transportation company’s stock valued at $471,410,000 after buying an additional 186,248 shares during the last quarter. Norges Bank acquired a new stake in shares of Wabtec in the 2nd quarter valued at $347,194,000. Finally, Amundi raised its position in shares of Wabtec by 36.8% during the second quarter. Amundi now owns 1,614,789 shares of the transportation company’s stock worth $345,371,000 after acquiring an additional 434,401 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Stock Performance

Shares of Wabtec stock opened at $219.18 on Friday. The stock’s fifty day simple moving average is $207.45 and its 200 day simple moving average is $201.52. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $37.47 billion, a PE ratio of 31.86, a PEG ratio of 1.69 and a beta of 0.99. Wabtec has a 12 month low of $151.81 and a 12 month high of $222.47.

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, beating analysts’ consensus estimates of $2.28 by $0.04. The firm 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%.The company’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.00 earnings per share. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. On average, research analysts predict that Wabtec will post 8.54 EPS for the current year.

Wabtec Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup raised their price target on Wabtec from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 14th. Bank of America raised their target price 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. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of Wabtec from $200.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company upped their target price on shares of Wabtec from $221.00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Wabtec presently has an average rating of “Moderate Buy” and a consensus price target of $227.11.

Insider Transactions at Wabtec

In other news, VP David L. Deninno sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $214.62, for a total value 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 represents a 9.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Fetsko sold 5,058 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $215.72, for a total transaction of $1,091,111.76. Following the sale, the insider owned 36,882 shares in the company, valued at approximately $7,956,185.04. The trade was a 12.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 35,714 shares of company stock valued at $7,441,102. 1.10% of the stock is currently owned by insiders.

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.