R Squared Ltd Has $342,000 Position in Wabtec $WAB

R Squared Ltd reduced its stake in Wabtec (NYSE:WAB) by 18.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,632 shares of the transportation company’s stock after selling 378 shares during the period. R Squared Ltd’s holdings in Wabtec were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Nordea Investment Management AB boosted its stake in shares of Wabtec by 33.4% in the 2nd quarter. Nordea Investment Management AB now owns 1,592,529 shares of the transportation company’s stock valued at $333,062,000 after purchasing an additional 398,782 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Wabtec by 56.3% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 778,156 shares of the transportation company’s stock worth $162,907,000 after buying an additional 280,140 shares during the period. Pacer Advisors Inc. boosted its position in Wabtec by 2,220.1% during the 1st quarter. Pacer Advisors Inc. now owns 738,038 shares of the transportation company’s stock worth $133,843,000 after buying an additional 706,227 shares during the period. BNP Paribas Financial Markets boosted its position in Wabtec by 46.0% during the 1st quarter. BNP Paribas Financial Markets now owns 380,793 shares of the transportation company’s stock worth $69,057,000 after buying an additional 120,057 shares during the period. Finally, Pzena Investment Management LLC boosted its position in Wabtec by 4.8% during the 2nd quarter. Pzena Investment Management LLC now owns 360,696 shares of the transportation company’s stock worth $75,512,000 after buying an additional 16,560 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wabtec Stock Up 0.4%

Shares of NYSE WAB opened at $197.81 on Friday. The company has a market capitalization of $33.82 billion, a P/E ratio of 28.75, a price-to-earnings-growth ratio of 1.51 and a beta of 1.10. Wabtec has a 52-week low of $151.81 and a 52-week high of $216.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 1.42. The company’s 50 day moving average price is $194.06 and its 200-day moving average price is $195.71.

Wabtec (NYSE:WAB) last issued its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.04. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the previous year, the company earned $2.00 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. Equities analysts forecast that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, November 12th. Wabtec’s payout ratio is presently 14.93%.

Insiders Place Their Bets

In related news, CEO Rafael Santana sold 1,799 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $189.97, for a total transaction of $341,756.03. Following the transaction, the chief executive officer owned 136,729 shares in the company, valued at $25,974,408.13. The trade was a 1.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregory Sbrocco sold 2,953 shares of the business’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $195.43, for a total transaction of $577,104.79. Following the transaction, the executive vice president owned 17,829 shares in the company, valued at $3,484,321.47. The trade was a 14.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,234 shares of company stock worth $1,781,345 in the last quarter. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on WAB shares. Wall Street Zen downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Morgan Stanley lifted their target price on shares of Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Bank of America lifted their target price on shares of Wabtec from $231.00 to $236.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Susquehanna lifted their target price on shares of Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a research report on Thursday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research report on Friday. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $225.38.

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.