National Pension Service Increases Position in Wabtec $WAB

National Pension Service raised its holdings in shares of Wabtec (NYSE:WAB) by 0.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 273,053 shares of the transportation company’s stock after purchasing an additional 2,003 shares during the period. National Pension Service owned 0.16% of Wabtec worth $57,164,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. PFS Partners LLC grew its stake in shares of Wabtec by 70.4% in the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock worth $25,000 after buying an additional 50 shares during the last quarter. Trust Co. of Vermont boosted its holdings in Wabtec by 44.2% in the second quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock worth $34,000 after acquiring an additional 50 shares in the last quarter. ST Germain D J Co. Inc. grew its stake in shares of Wabtec by 30.2% in the second quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock worth $43,000 after acquiring an additional 48 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Wabtec during the second quarter valued at $44,000. Finally, NewSquare Capital LLC raised its position in shares of Wabtec by 125.3% in the 2nd quarter. NewSquare Capital LLC now owns 223 shares of the transportation company’s stock worth $47,000 after purchasing an additional 124 shares during the last quarter. 91.69% of the stock is owned by institutional investors.

Insider Buying and Selling at Wabtec

In related news, VP David L. Deninno sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $199.87, for a total transaction of $419,727.00. Following the completion of the sale, the vice president directly owned 60,450 shares in the company, valued at approximately $12,082,141.50. The trade was a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Pascal Schweitzer sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $208.07, for a total transaction of $624,210.00. Following the sale, the insider directly owned 4,955 shares of the company’s stock, valued at approximately $1,030,986.85. This represents a 37.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,556 shares of company stock worth $3,685,311 over the last quarter. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

WAB has been the topic of several recent analyst reports. Susquehanna increased their price objective on shares of Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a research report on Thursday, October 23rd. Bank of America increased their price target on shares of Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a report on Thursday. 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 report on Tuesday, October 14th. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $224.56.

Wabtec Price Performance

Shares of WAB opened at $204.01 on Friday. The firm has a fifty day simple moving average of $197.24 and a two-hundred day simple moving average of $198.90. The firm has a market cap of $34.88 billion, a PE ratio of 29.65, a P/E/G ratio of 1.55 and a beta of 1.09. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. Wabtec has a 1-year low of $151.81 and a 1-year high of $216.10.

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

Wabtec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, November 12th. Wabtec’s dividend payout ratio is 14.53%.

Wabtec Company 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.