Inspire Investing LLC Trims Stake in Wabtec $WAB

Inspire Investing LLC lowered its stake in Wabtec (NYSE:WAB) by 20.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,361 shares of the transportation company’s stock after selling 351 shares during the period. Inspire Investing LLC’s holdings in Wabtec were worth $285,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. lifted its stake in Wabtec by 56.3% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 778,156 shares of the transportation company’s stock valued at $162,907,000 after buying an additional 280,140 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Wabtec by 2,220.1% in the 1st quarter. Pacer Advisors Inc. now owns 738,038 shares of the transportation company’s stock valued at $133,843,000 after buying an additional 706,227 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Wabtec by 46.0% in the 1st quarter. BNP Paribas Financial Markets now owns 380,793 shares of the transportation company’s stock valued at $69,057,000 after buying an additional 120,057 shares in the last quarter. Vantage Investment Partners LLC lifted its stake in Wabtec by 4.4% in the 2nd quarter. Vantage Investment Partners LLC now owns 267,573 shares of the transportation company’s stock valued at $56,016,000 after buying an additional 11,263 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in Wabtec by 70.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 221,911 shares of the transportation company’s stock valued at $46,457,000 after buying an additional 91,381 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on WAB shares. Bank of America upped their target price on Wabtec from $231.00 to $236.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Wednesday, October 8th. Citigroup initiated coverage on Wabtec in a report on Monday, September 22nd. They issued a “buy” rating and a $225.00 price target for the company. Finally, KeyCorp reiterated 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. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $224.75.

Wabtec Trading Down 1.8%

Shares of WAB opened at $193.62 on Friday. The stock has a fifty day moving average of $193.54 and a two-hundred day moving average of $194.67. 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 company has a market capitalization of $33.10 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 1.53 and a beta of 1.10. Wabtec has a fifty-two week low of $151.81 and a fifty-two week high of $216.10.

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

Insider Activity at Wabtec

In other news, CEO Rafael Santana sold 1,798 shares of the company’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $195.04, for a total transaction of $350,681.92. Following the completion of the sale, the chief executive officer directly owned 133,133 shares in the company, valued at $25,966,260.32. This represents a 1.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders sold 6,281 shares of company stock worth $1,204,240. Corporate insiders own 1.10% of the company’s stock.

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.