First National Advisers LLC Acquires New Holdings in Wabtec $WAB

First National Advisers LLC bought a new position in shares of Wabtec (NYSE:WAB) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,525 shares of the transportation company’s stock, valued at approximately $707,000.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Wabtec during the 2nd quarter valued at $347,194,000. Qube Research & Technologies Ltd bought a new position in Wabtec in the second quarter valued at about $121,612,000. Aviva PLC boosted its stake in shares of Wabtec by 7,960.0% during the second quarter. Aviva PLC now owns 527,685 shares of the transportation company’s stock valued at $110,471,000 after purchasing an additional 521,138 shares in the last quarter. Vanguard Group Inc. boosted its stake 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 valued at $4,172,532,000 after purchasing an additional 493,437 shares in the last quarter. Finally, Amundi grew its holdings 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 purchasing an additional 434,401 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WAB has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. Wolfe Research upgraded shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price target on the stock in a report on Thursday, January 8th. Bank of America boosted their price objective on shares of Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Susquehanna raised their target price on Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a research report on Thursday, October 23rd. Finally, Citigroup upped their price target on Wabtec from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $237.00.

Wabtec Price Performance

WAB stock opened at $230.00 on Friday. 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 firm has a market cap of $39.32 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.56 and a beta of 1.00. The company’s fifty day simple moving average is $213.49 and its 200 day simple moving average is $203.30. Wabtec has a 12-month low of $151.81 and a 12-month high of $230.71.

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

Insider Activity at Wabtec

In other Wabtec news, CEO Rafael Santana sold 1,798 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $212.17, for a total value of $381,481.66. Following the completion of the sale, the chief executive officer directly owned 125,941 shares in the company, valued at approximately $26,720,901.97. This trade represents a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP David L. Deninno sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $214.62, for a total transaction of $1,073,100.00. Following 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 position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 33,916 shares of company stock worth $7,090,420. Corporate insiders own 1.10% of the company’s stock.

Wabtec Company 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.