Mitsubishi UFJ Trust & Banking Corp Has $40.05 Million Stock Holdings in Wabtec $WAB

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Wabtec (NYSE:WAB) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 199,762 shares of the transportation company’s stock after purchasing an additional 4,221 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.12% of Wabtec worth $40,046,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Colonial Trust Advisors raised its holdings in 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 acquiring an additional 100 shares in the last quarter. Piscataqua Savings Bank increased its holdings in shares of Wabtec by 12,800.0% in the third quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 128 shares during the last quarter. Motco raised its holdings in Wabtec by 6,600.0% in the 3rd quarter. Motco now owns 134 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 132 shares during the period. Salomon & Ludwin LLC lifted its holdings in Wabtec by 370.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock worth $32,000 after purchasing an additional 126 shares during the last quarter. Finally, Trust Co. of Vermont raised its stake in Wabtec by 44.2% in the 2nd quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock worth $34,000 after purchasing an additional 50 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Insider Activity

In other Wabtec news, CAO John A. Mastalerz, Jr. sold 2,766 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer owned 5,286 shares of the company’s stock, valued at $1,110,060. This trade represents a 34.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rogerio Mendonca sold 2,019 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $214.51, for a total transaction of $433,095.69. Following the transaction, the insider directly owned 9,516 shares in the company, valued at approximately $2,041,277.16. The trade was a 17.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 30,963 shares of company stock worth $6,513,315. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Wabtec from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. JPMorgan Chase & Co. lifted their target price on shares of Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Bank of America increased their price target on Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Susquehanna lifted their target price on shares of Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a research note on Thursday, October 23rd. Finally, Wolfe Research raised Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price target on the stock in a research note on Thursday, January 8th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $237.00.

Wabtec Trading Down 1.6%

Shares of WAB stock opened at $230.04 on Monday. Wabtec has a 1 year low of $151.81 and a 1 year high of $236.00. The company’s fifty day simple moving average is $215.86 and its two-hundred day simple moving average is $203.86. 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 $39.33 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 1.57 and a beta of 1.00.

About Wabtec

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.