Apollon Wealth Management LLC Has $539,000 Holdings in Wabtec $WAB

Apollon Wealth Management LLC cut its stake in shares of Wabtec (NYSE:WAB) by 7.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,573 shares of the transportation company’s stock after selling 206 shares during the quarter. Apollon Wealth Management LLC’s holdings in Wabtec were worth $539,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. PFS Partners LLC increased its holdings in shares of Wabtec by 70.4% during the second quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock worth $25,000 after buying an additional 50 shares in the last quarter. Trust Co. of Vermont increased its holdings in shares of Wabtec by 44.2% during the second quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock worth $34,000 after buying an additional 50 shares in the last quarter. ST Germain D J Co. Inc. increased its holdings in shares of Wabtec by 30.2% during the second quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock worth $43,000 after buying an additional 48 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Wabtec in the second quarter worth $44,000. Finally, UMB Bank n.a. grew its stake 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 worth $75,000 after purchasing an additional 65 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Wabtec news, CEO Rafael Santana sold 1,798 shares of the company’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $195.04, for a total transaction of $350,681.92. Following the sale, the chief executive officer owned 133,133 shares of the company’s stock, valued at approximately $25,966,260.32. This represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 6,281 shares of company stock worth $1,204,240 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on WAB shares. Bank of America boosted their price objective on shares of Wabtec from $231.00 to $236.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Susquehanna boosted their price objective on shares of Wabtec from $210.00 to $235.00 and gave the stock a “positive” rating in a research note on Friday, July 25th. Citigroup started coverage on shares of Wabtec in a research note on Monday, September 22nd. They issued a “buy” rating and a $225.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Wabtec has a consensus rating of “Moderate Buy” and an average price target of $224.75.

Wabtec Stock Performance

Shares of WAB opened at $193.62 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.05 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $33.10 billion, a P/E ratio of 28.90, a price-to-earnings-growth ratio of 1.53 and a beta of 1.10. The firm’s fifty day simple moving average is $193.54 and its two-hundred day simple moving average is $194.67. Wabtec has a 12 month low of $151.81 and a 12 month high of $216.10.

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

Wabtec Profile

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.