Wabtec $WAB Stock Holdings Increased by Cwm LLC

Cwm LLC boosted its stake in shares of Wabtec (NYSE:WAB) by 90.7% during the third quarter, HoldingsChannel.com reports. The firm owned 29,478 shares of the transportation company’s stock after acquiring an additional 14,018 shares during the period. Cwm LLC’s holdings in Wabtec were worth $5,910,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WAB. PFS Partners LLC boosted its stake in shares of Wabtec by 70.4% during the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock valued at $25,000 after buying an additional 50 shares during the period. Colonial Trust Advisors increased its stake in shares of Wabtec by 454.5% in the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Trust Co. of Vermont raised its holdings in shares of 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 acquiring an additional 50 shares in the last quarter. North Capital Inc. boosted its position in Wabtec by 18,900.0% during the third quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 189 shares during the last quarter. Finally, ST Germain D J Co. Inc. grew its stake in Wabtec by 30.2% in the second quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Trading Down 0.2%

NYSE:WAB opened at $216.62 on Wednesday. The company’s 50 day moving average is $208.24 and its 200-day moving average is $201.68. 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 12 month low of $151.81 and a 12 month high of $222.47. The firm has a market cap of $37.03 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 1.67 and a beta of 0.99.

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

Wabtec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, November 12th. Wabtec’s dividend payout ratio (DPR) is currently 14.53%.

Insiders Place Their Bets

In other Wabtec news, insider Pascal Schweitzer sold 3,000 shares of Wabtec stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $208.07, for a total value of $624,210.00. Following the transaction, the insider directly owned 4,955 shares of the company’s stock, valued at $1,030,986.85. The trade was a 37.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David L. Deninno sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $214.62, for a total value of $1,073,100.00. Following the transaction, the vice president owned 50,450 shares of the company’s stock, valued at approximately $10,827,579. This trade represents a 9.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 35,714 shares of company stock valued at $7,441,102 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WAB. Bank of America raised their price target on Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of Wabtec from $200.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Susquehanna raised their price target on shares of Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a report on Thursday, October 23rd. Finally, Citigroup lifted their price objective on shares of Wabtec from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Wabtec has an average rating of “Moderate Buy” and a consensus price target of $227.11.

Wabtec Company 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.