SYM FINANCIAL Corp Makes New $246,000 Investment in Wabtec $WAB

SYM FINANCIAL Corp acquired a new position in shares of Wabtec (NYSE:WAB) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,173 shares of the transportation company’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WAB. PFS Partners LLC increased its stake in shares of Wabtec by 70.4% in the second quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock valued at $25,000 after buying an additional 50 shares in the last quarter. Trust Co. of Vermont boosted its holdings in 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 during the last quarter. ST Germain D J Co. Inc. boosted its holdings in 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 during the last quarter. Ameritas Advisory Services LLC bought a new position in Wabtec during the second quarter worth about $44,000. Finally, Harbour Investments Inc. lifted its holdings in shares of Wabtec by 30.9% during the 2nd quarter. Harbour Investments Inc. now owns 309 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 73 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Gregory Sbrocco sold 2,953 shares of Wabtec stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $195.43, for a total transaction of $577,104.79. Following the sale, the executive vice president directly owned 17,829 shares in the company, valued at approximately $3,484,321.47. This trade represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rafael Santana sold 1,798 shares of the business’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $195.04, for a total value of $350,681.92. Following the completion of the sale, the chief executive officer owned 133,133 shares in the company, valued at approximately $25,966,260.32. The trade was a 1.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,234 shares of company stock worth $1,781,345 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Wabtec Trading Up 1.4%

NYSE WAB opened at $200.35 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.75. Wabtec has a one year low of $151.81 and a one year high of $216.10. The business has a 50 day simple moving average of $194.27 and a 200 day simple moving average of $196.27. The stock has a market capitalization of $34.25 billion, a P/E ratio of 29.12, a P/E/G ratio of 1.52 and a beta of 1.10.

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

Wabtec Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, November 12th. Wabtec’s dividend payout ratio (DPR) is 14.53%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Susquehanna lifted their price objective on Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a report on Thursday. JPMorgan Chase & Co. boosted their target price on Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a report on Wednesday, October 8th. Morgan Stanley upped their target price on Wabtec from $220.00 to $226.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Finally, Bank of America upped their price objective on Wabtec from $231.00 to $236.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Seven 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 has a consensus rating of “Moderate Buy” and a consensus price target of $225.38.

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.