CHICAGO TRUST Co NA Has $2.48 Million Stock Holdings in Wabtec $WAB

CHICAGO TRUST Co NA grew its position in Wabtec (NYSE:WAB) by 5.8% during the 2nd quarter, Holdings Channel reports. The firm owned 11,838 shares of the transportation company’s stock after purchasing an additional 645 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Wabtec were worth $2,478,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in WAB. Putney Financial Group LLC bought a new position in shares of Wabtec in the fourth quarter valued at about $52,000. UMB Bank n.a. raised its holdings in shares of Wabtec by 22.2% in the second quarter. UMB Bank n.a. now owns 358 shares of the transportation company’s stock valued at $75,000 after buying an additional 65 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Wabtec by 9.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 630 shares of the transportation company’s stock valued at $114,000 after buying an additional 56 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Wabtec in the fourth quarter valued at about $205,000. Finally, Goelzer Investment Management Inc. bought a new position in shares of Wabtec in the second quarter valued at about $209,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insiders Place Their Bets

In other Wabtec news, CEO Rafael Santana sold 1,799 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $189.97, for a total transaction of $341,756.03. Following the completion of the transaction, the chief executive officer owned 136,729 shares of the company’s stock, valued at $25,974,408.13. This represents a 1.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 5,369 shares of company stock worth $1,042,586. Corporate insiders own 1.10% of the company’s stock.

Wabtec Price Performance

Shares of WAB opened at $197.97 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.05 and a current ratio of 1.76. The stock has a 50 day simple moving average of $194.63 and a 200 day simple moving average of $193.05. Wabtec has a 52-week low of $151.81 and a 52-week high of $216.10. The firm has a market capitalization of $33.84 billion, a PE ratio of 29.55, a P/E/G ratio of 1.50 and a beta of 1.11.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Thursday, July 24th. The transportation company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.09. Wabtec had a return on equity of 13.65% and a net margin of 10.92%.The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the firm earned $1.96 EPS. Wabtec’s quarterly revenue was up 2.3% compared to the same quarter last year. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. Sell-side analysts predict that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Wabtec’s dividend payout ratio is 14.93%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WAB. KeyCorp reaffirmed an “overweight” rating and issued a $240.00 price target (up from $220.00) on shares of Wabtec in a report on Tuesday, June 24th. Bank of America lifted their price target on Wabtec from $231.00 to $236.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Susquehanna boosted their price objective on Wabtec from $210.00 to $235.00 and gave the stock a “positive” rating in a report on Friday, July 25th. Finally, Morgan Stanley boosted their price objective on Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Wabtec currently has a consensus rating of “Moderate Buy” and an average target price of $222.88.

About Wabtec

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.