First National Advisers LLC Acquires Shares of 3,525 Wabtec $WAB

First National Advisers LLC bought a new position in shares of Wabtec (NYSE:WAB) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,525 shares of the transportation company’s stock, valued at approximately $707,000.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in Wabtec during the second quarter worth $347,194,000. Qube Research & Technologies Ltd bought a new stake in shares of Wabtec during the second quarter worth about $121,612,000. Aviva PLC raised its holdings in shares of Wabtec by 7,960.0% in the 2nd 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 last quarter. Vanguard Group Inc. lifted its position in Wabtec by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 19,930,893 shares of the transportation company’s stock valued at $4,172,532,000 after acquiring an additional 493,437 shares in the last quarter. Finally, Amundi lifted its position in Wabtec by 36.8% in the 2nd quarter. Amundi now owns 1,614,789 shares of the transportation company’s stock valued at $345,371,000 after acquiring an additional 434,401 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on WAB shares. Bank of America boosted their price objective on Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Citigroup increased their price target on Wabtec from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Susquehanna lifted their price objective on shares of Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Wabtec presently has an average rating of “Moderate Buy” and an average price target of $237.00.

Wabtec Trading Up 0.6%

NYSE WAB opened at $230.00 on Friday. The business’s fifty day moving average is $213.49 and its 200-day moving average is $203.30. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.75. The stock has a market capitalization of $39.32 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.56 and a beta of 1.00. Wabtec has a one year low of $151.81 and a one year high of $230.71.

Wabtec (NYSE:WAB) last posted its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share for the quarter, beating 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 net margin of 10.94% and a return on equity of 13.84%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.00 earnings per share. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. Equities research analysts predict that Wabtec will post 8.54 EPS for the current year.

Insider Buying and Selling

In other news, insider Michael Fetsko sold 5,058 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $215.72, for a total transaction of $1,091,111.76. Following the transaction, the insider owned 36,882 shares of the company’s stock, valued at $7,956,185.04. This represents a 12.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO John A. Mastalerz, Jr. sold 2,766 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $210.00, for a total value of $580,860.00. Following the transaction, the chief accounting officer owned 5,286 shares of the company’s stock, valued at $1,110,060. The trade was a 34.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 33,916 shares of company stock worth $7,090,420 in the last three months. Insiders own 1.10% of the company’s stock.

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.