Exencial Wealth Advisors LLC Has $15.38 Million Position in Wabtec $WAB

Exencial Wealth Advisors LLC cut its holdings in shares of Wabtec (NYSE:WAB) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,712 shares of the transportation company’s stock after selling 2,251 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Wabtec were worth $15,378,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC increased its position in shares of Wabtec by 5.7% in the second quarter. Parallel Advisors LLC now owns 2,147 shares of the transportation company’s stock valued at $450,000 after acquiring an additional 115 shares during the last quarter. Czech National Bank grew its stake in Wabtec by 6.6% in the second quarter. Czech National Bank now owns 41,829 shares of the transportation company’s stock valued at $8,757,000 after purchasing an additional 2,588 shares in the last quarter. Aaron Wealth Advisors LLC increased its position in shares of Wabtec by 13.9% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 2,061 shares of the transportation company’s stock worth $431,000 after purchasing an additional 252 shares during the last quarter. Goelzer Investment Management Inc. bought a new stake in shares of Wabtec during the 2nd quarter worth approximately $209,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Wabtec by 11.7% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,649 shares of the transportation company’s stock valued at $4,532,000 after buying an additional 2,268 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Wabtec Price Performance

Shares of WAB opened at $227.39 on Wednesday. The firm has a market capitalization of $38.88 billion, a PE ratio of 33.05, a PEG ratio of 1.55 and a beta of 1.00. The company’s 50-day moving average is $212.10 and its 200-day moving average is $202.86. Wabtec has a fifty-two week low of $151.81 and a fifty-two week high of $228.69. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.75.

Wabtec (NYSE:WAB) last announced its earnings results on Wednesday, October 22nd. The transportation company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.28 by $0.04. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the previous year, the firm posted $2.00 EPS. Wabtec’s 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. Equities analysts forecast that Wabtec will post 8.54 EPS for the current year.

Wabtec Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders 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 dividend yield of 0.4%. Wabtec’s dividend payout ratio (DPR) is 14.53%.

Wall Street Analyst Weigh In

WAB has been the topic of a number of recent analyst reports. Citigroup boosted their target price on shares of Wabtec from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Friday. Bank of America lifted their price objective on shares of Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Morgan Stanley boosted their price objective on shares of Wabtec from $257.00 to $264.00 and gave the stock an “overweight” rating in a research note on Monday. 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 report on Wednesday, December 17th. Finally, Wolfe Research upgraded Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price target for the company in a report on Thursday, January 8th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $234.00.

Insider Buying and Selling at Wabtec

In related news, VP David L. Deninno sold 5,000 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $214.62, for a total value of $1,073,100.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO John A. Mastalerz, Jr. sold 2,766 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $210.00, for a total value of $580,860.00. Following the completion of the transaction, the chief accounting officer directly owned 5,286 shares in the company, valued at approximately $1,110,060. This represents a 34.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,916 shares of company stock worth $7,090,420 in the last 90 days. Company insiders own 1.10% of the company’s stock.

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.