Tema Etfs LLC Acquires New Position in Wabtec $WAB

Tema Etfs LLC acquired a new position in shares of Wabtec (NYSE:WAB) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,793 shares of the transportation company’s stock, valued at approximately $1,562,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Wabtec in the 2nd quarter valued at approximately $347,194,000. Qube Research & Technologies Ltd acquired a new position in Wabtec in the second quarter valued at approximately $121,612,000. Aviva PLC grew its position in Wabtec by 7,960.0% in the second quarter. Aviva PLC now owns 527,685 shares of the transportation company’s stock worth $110,471,000 after acquiring an additional 521,138 shares during the period. Vanguard Group Inc. increased its stake in Wabtec by 2.5% during the second quarter. Vanguard Group Inc. now owns 19,930,893 shares of the transportation company’s stock worth $4,172,532,000 after acquiring an additional 493,437 shares during the last quarter. Finally, Amundi raised its position in Wabtec by 36.8% in the second quarter. Amundi now owns 1,614,789 shares of the transportation company’s stock valued at $345,371,000 after purchasing an additional 434,401 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WAB has been the subject of a number of research analyst reports. Wolfe Research upgraded Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price target for the company in a report on Thursday. JPMorgan Chase & Co. increased their target price on shares of Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Citigroup lifted their price target on shares of Wabtec from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a report on Wednesday, October 8th. Finally, Bank of America increased their price objective on shares of Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Wabtec currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.00.

Wabtec Stock Up 0.9%

Shares of NYSE:WAB opened at $226.36 on Tuesday. Wabtec has a fifty-two week low of $151.81 and a fifty-two week high of $226.52. The firm’s 50 day moving average price is $211.65 and its 200 day moving average price is $202.72. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.45. The stock has a market cap of $38.70 billion, a price-to-earnings ratio of 32.90, a price-to-earnings-growth ratio of 1.54 and a beta of 1.00.

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 net margin of 10.94% and a return on equity of 13.84%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the prior year, the firm posted $2.00 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. As a group, equities research analysts predict that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were paid a $0.25 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. Wabtec’s dividend payout ratio (DPR) is currently 14.53%.

Insider Activity at Wabtec

In other news, insider Rogerio Mendonca sold 2,019 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $214.51, for a total transaction of $433,095.69. Following the sale, the insider owned 9,516 shares of the company’s stock, valued at approximately $2,041,277.16. This trade represents a 17.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Fetsko sold 5,058 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $215.72, for a total value of $1,091,111.76. Following the sale, the insider owned 36,882 shares of the company’s stock, valued at approximately $7,956,185.04. The trade was a 12.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 33,916 shares of company stock worth $7,090,420 over the last three months. Company insiders own 1.10% of the company’s stock.

Wabtec Profile

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec’s business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.