Arkadios Wealth Advisors Has $3.34 Million Stock Position in Wabtec $WAB

Arkadios Wealth Advisors raised its stake in Wabtec (NYSE:WAB) by 40.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,672 shares of the transportation company’s stock after purchasing an additional 4,843 shares during the period. Arkadios Wealth Advisors’ holdings in Wabtec were worth $3,342,000 as of its most recent SEC filing.

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

Insider Transactions at Wabtec

In other Wabtec news, insider Rogerio Mendonca sold 2,019 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $214.51, for a total transaction of $433,095.69. Following the completion of the sale, the insider owned 9,516 shares of the company’s stock, valued at $2,041,277.16. This trade represents a 17.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Fetsko sold 5,058 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $215.72, for a total transaction of $1,091,111.76. Following the completion of the transaction, the insider owned 36,882 shares in the company, valued at approximately $7,956,185.04. This trade represents a 12.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 30,963 shares of company stock valued at $6,513,315. Company insiders own 1.10% of the company’s stock.

Wabtec Stock Performance

Shares of WAB opened at $233.00 on Thursday. The company has a market cap of $39.83 billion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 1.55 and a beta of 1.00. The firm has a 50-day moving average of $214.74 and a 200-day moving average of $203.65. Wabtec has a one year low of $151.81 and a one year high of $234.70. 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 issued its earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share (EPS) for the quarter, beating 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 period last year, the business posted $2.00 EPS. Wabtec’s revenue was up 8.4% on a year-over-year basis. As a group, equities analysts forecast that Wabtec will post 8.54 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on WAB. Wells Fargo & Company lifted their price target on Wabtec from $221.00 to $224.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Susquehanna increased their price objective on Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a report on Thursday, October 23rd. Bank of America boosted their target price on Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Morgan Stanley upped their price target on Wabtec from $257.00 to $264.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Finally, Wolfe Research raised shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price target for the company in a research note on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $237.00.

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.