Wabtec $WAB Shares Bought by Diversified Trust Co

Diversified Trust Co raised its stake in shares of Wabtec (NYSE:WAB) by 11.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,779 shares of the transportation company’s stock after purchasing an additional 2,960 shares during the quarter. Diversified Trust Co’s holdings in Wabtec were worth $5,569,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in WAB. Empowered Funds LLC boosted its stake in Wabtec by 240.8% during the second quarter. Empowered Funds LLC now owns 15,924 shares of the transportation company’s stock worth $3,334,000 after buying an additional 11,252 shares during the last quarter. Varenne Capital Partners grew its holdings in shares of Wabtec by 39.5% in the second quarter. Varenne Capital Partners now owns 277,078 shares of the transportation company’s stock valued at $58,006,000 after purchasing an additional 78,394 shares during the period. Mediolanum International Funds Ltd purchased a new position in Wabtec during the second quarter worth about $8,201,000. Quantbot Technologies LP acquired a new position in Wabtec in the 2nd quarter valued at about $9,371,000. Finally, Neuberger Berman Group LLC boosted its holdings in Wabtec by 5.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 229,233 shares of the transportation company’s stock valued at $47,990,000 after purchasing an additional 11,406 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Wabtec

In related news, insider Michael Fetsko sold 5,058 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider owned 36,882 shares in the company, valued at $7,956,185.04. This trade represents a 12.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David L. Deninno sold 5,000 shares of the firm’s stock in a transaction 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 transaction, the vice president directly owned 50,450 shares in the company, valued at $10,827,579. The trade was a 9.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 35,714 shares of company stock worth $7,441,102. Insiders own 1.10% of the company’s stock.

Wabtec Trading Down 0.9%

WAB opened at $217.37 on Tuesday. Wabtec has a 12 month low of $151.81 and a 12 month high of $222.47. The stock has a market capitalization of $37.16 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 1.69 and a beta of 0.99. 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 business has a fifty day moving average price of $207.87 and a 200 day moving average price of $201.58.

Wabtec (NYSE:WAB) last released its earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share for the quarter, topping 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 analyst estimates of $2.88 billion. During the same period in the prior year, the firm earned $2.00 earnings per share. 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. Sell-side analysts expect that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is presently 14.53%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wells Fargo & Company upped their price objective on Wabtec from $221.00 to $224.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Citigroup upped their price target on Wabtec from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. Bank of America boosted their price objective on shares of Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Finally, JPMorgan Chase & Co. increased their target price on shares of Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Wabtec has a consensus rating of “Moderate Buy” and an average target price of $227.11.

Wabtec Profile

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.