1,113 Shares in Wabtec $WAB Purchased by Williamson Legacy Group LLC

Williamson Legacy Group LLC acquired a new stake in shares of Wabtec (NYSE:WAB) in the 2nd quarter, HoldingsChannel reports. The firm acquired 1,113 shares of the transportation company’s stock, valued at approximately $233,000.

A number of other hedge funds also recently added to or reduced their stakes in WAB. PFS Partners LLC increased its holdings in shares of Wabtec by 70.4% in the second quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 50 shares during the period. Colonial Trust Advisors lifted its holdings in shares of Wabtec by 454.5% during the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Trust Co. of Vermont grew its position 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 during the last quarter. ST Germain D J Co. Inc. increased its stake in Wabtec by 30.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock valued at $43,000 after buying an additional 48 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in Wabtec during the 2nd quarter worth $44,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WAB. Wells Fargo & Company initiated coverage on shares of Wabtec in a research note on Thursday, November 13th. They set an “equal weight” rating and a $221.00 price target on the stock. Bank of America lifted their price objective on Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, November 13th. JPMorgan Chase & Co. increased 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. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, October 8th. Finally, Citigroup upped their price objective on Wabtec from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $226.78.

Wabtec Price Performance

Shares of NYSE:WAB opened at $208.44 on Friday. The firm has a market capitalization of $35.63 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09. 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 business’s 50 day simple moving average is $200.07 and its 200-day simple moving average is $199.87. Wabtec has a 12 month low of $151.81 and a 12 month high of $216.10.

Wabtec (NYSE:WAB) last issued 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 firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $2.00 earnings per share. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. As a group, equities analysts forecast that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

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

Insider Transactions at Wabtec

In other Wabtec news, CAO John A. Mastalerz, Jr. sold 2,766 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $210.00, for a total transaction of $580,860.00. Following the completion of the transaction, the chief accounting officer directly owned 5,286 shares in the company, valued at approximately $1,110,060. This trade represents a 34.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Pascal Schweitzer sold 3,000 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $208.07, for a total transaction of $624,210.00. Following the completion of the sale, the insider directly owned 4,955 shares in the company, valued at $1,030,986.85. This trade represents a 37.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 25,436 shares of company stock worth $5,145,024 in the last 90 days. Insiders own 1.10% of the company’s stock.

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.