Wabtec $WAB Shares Bought by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey grew its holdings in Wabtec (NYSE:WAB) by 3.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 25,720 shares of the transportation company’s stock after buying an additional 787 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Wabtec were worth $5,384,000 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 WAB. PFS Partners LLC raised its holdings in Wabtec by 70.4% in the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 50 shares during the last quarter. Trust Co. of Vermont grew its holdings in Wabtec by 44.2% in the 2nd quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock valued at $34,000 after buying an additional 50 shares in the last quarter. ST Germain D J Co. Inc. boosted its position in shares of Wabtec by 30.2% during the 2nd quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 48 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Wabtec in the second quarter valued at about $44,000. Finally, NewSquare Capital LLC increased its position in Wabtec by 125.3% during the second 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 currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WAB has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of Wabtec from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday. Bank of America lifted their price target on shares of Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley increased their price objective on Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. JPMorgan Chase & Co. raised their target price on Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company assumed coverage on Wabtec in a research note on Thursday. They issued an “equal weight” rating and a $221.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $226.78.

Insider Buying and Selling at Wabtec

In other news, CAO John A. Mastalerz, Jr. sold 2,766 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $210.00, for a total value of $580,860.00. Following the completion of the transaction, the chief accounting officer owned 5,286 shares of the company’s stock, valued at approximately $1,110,060. This trade represents a 34.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rafael Santana sold 1,798 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $203.61, for a total transaction of $366,090.78. Following the sale, the chief executive officer directly owned 129,537 shares in the company, valued at approximately $26,375,028.57. The trade was a 1.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 26,322 shares of company stock valued at $5,315,871. Corporate insiders own 1.10% of the company’s stock.

Wabtec Stock Down 0.3%

Shares of NYSE WAB opened at $203.60 on Friday. The firm has a market cap of $34.81 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 1.55 and a beta of 1.09. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.45. Wabtec has a 52-week low of $151.81 and a 52-week high of $216.10. The business’s 50 day moving average is $197.45 and its two-hundred day moving average is $199.04.

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

Wabtec Announces Dividend

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

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.