OMERS ADMINISTRATION Corp Has $3.41 Million Stake in Wabtec $WAB

OMERS ADMINISTRATION Corp decreased its stake in shares of Wabtec (NYSE:WAB) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 16,271 shares of the transportation company’s stock after selling 300 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Wabtec were worth $3,406,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in WAB. Vanguard Group Inc. increased its stake in Wabtec by 2.5% during the second 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 during the period. Geode Capital Management LLC increased its position in shares of Wabtec by 0.7% during the second quarter. Geode Capital Management LLC now owns 4,288,014 shares of the transportation company’s stock valued at $893,830,000 after purchasing an additional 30,489 shares during the period. Boston Partners increased its position in shares of Wabtec by 9.0% during the second quarter. Boston Partners now owns 2,261,456 shares of the transportation company’s stock valued at $471,410,000 after purchasing an additional 186,248 shares during the period. Norges Bank acquired a new position in shares of Wabtec in the second quarter valued at $347,194,000. Finally, Nordea Investment Management AB lifted its position in Wabtec by 33.4% in the second quarter. Nordea Investment Management AB now owns 1,592,529 shares of the transportation company’s stock worth $333,062,000 after purchasing an additional 398,782 shares during the period. Institutional investors own 91.69% of the company’s stock.

Insider Activity at Wabtec

In other news, CEO Rafael Santana sold 1,798 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $203.61, for a total value of $366,090.78. Following the completion of the sale, the chief executive officer directly owned 129,537 shares in the company, valued at approximately $26,375,028.57. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Gregory Sbrocco sold 2,424 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $203.77, for a total transaction of $493,938.48. Following the transaction, the executive vice president owned 15,405 shares in the company, valued at approximately $3,139,076.85. This trade represents a 13.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 25,436 shares of company stock valued at $5,145,024. 1.10% of the stock is currently owned by company insiders.

Wabtec Price Performance

Shares of Wabtec stock opened at $208.48 on Tuesday. The stock has a market capitalization of $35.64 billion, a price-to-earnings ratio of 30.30, a P/E/G ratio of 1.55 and a beta of 1.09. The firm’s 50-day moving average price is $200.28 and its two-hundred day moving average price is $199.84. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. Wabtec has a 1-year low of $151.81 and a 1-year high of $216.10.

Wabtec (NYSE:WAB) last announced its 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. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $2.00 EPS. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. On average, equities analysts predict that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have weighed in on WAB. JPMorgan Chase & Co. lifted their price target on shares of Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Citigroup raised their price objective on shares of Wabtec from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. Wells Fargo & Company assumed coverage on shares of Wabtec in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $221.00 target price on the stock. Finally, Bank of America increased their price target on shares of Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Wabtec has a consensus rating of “Moderate Buy” and an average target price of $226.78.

Wabtec 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.