Candriam S.C.A. Has $96.82 Million Stake in Wabtec $WAB

Candriam S.C.A. lifted its position in shares of Wabtec (NYSE:WAB) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 482,986 shares of the transportation company’s stock after buying an additional 17,960 shares during the period. Candriam S.C.A. owned about 0.28% of Wabtec worth $96,824,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WAB. Colonial Trust Advisors lifted its stake in Wabtec by 454.5% in the 2nd quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Piscataqua Savings Bank lifted its position in shares of Wabtec by 12,800.0% in the third quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock worth $26,000 after purchasing an additional 128 shares in the last quarter. Motco boosted its holdings in Wabtec by 6,600.0% during the third quarter. Motco now owns 134 shares of the transportation company’s stock worth $27,000 after purchasing an additional 132 shares during the last quarter. Salomon & Ludwin LLC grew its position in Wabtec by 370.6% in the third quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 126 shares in the last quarter. Finally, North Capital Inc. increased its stake in Wabtec by 18,900.0% in the 3rd quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock valued at $38,000 after buying an additional 189 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Stock Up 2.7%

WAB opened at $246.56 on Monday. The stock’s fifty day simple moving average is $222.44 and its 200 day simple moving average is $205.46. Wabtec has a 1-year low of $151.81 and a 1-year high of $246.68. The stock has a market cap of $42.15 billion, a PE ratio of 35.84, a price-to-earnings-growth ratio of 1.68 and a beta of 1.01. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WAB shares. Susquehanna raised their price objective on Wabtec from $240.00 to $280.00 and gave the company a “positive” rating in a report on Monday, January 26th. Bank of America raised their price target on Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. JPMorgan Chase & Co. boosted their price target on Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Citigroup increased their price objective on Wabtec from $245.00 to $258.00 and gave the company a “buy” rating in a report on Friday, January 9th. Finally, Morgan Stanley boosted their target price on shares of Wabtec from $257.00 to $264.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Wabtec presently has an average rating of “Moderate Buy” and a consensus target price of $241.00.

Insider Activity at Wabtec

In other news, insider Michael Fetsko sold 5,058 shares of the business’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 completion of the sale, the insider owned 36,882 shares in the company, valued at $7,956,185.04. The trade was a 12.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Rogerio Mendonca sold 2,019 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $214.51, for a total value of $433,095.69. Following the transaction, the insider owned 9,516 shares in the company, valued at approximately $2,041,277.16. This trade represents a 17.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,641 shares of company stock worth $5,233,559 in the last quarter. 1.10% of the stock is owned by corporate insiders.

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.