SG Americas Securities LLC Acquires 2,568 Shares of Wabtec $WAB

SG Americas Securities LLC raised its holdings in shares of Wabtec (NYSE:WAB) by 19.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,779 shares of the transportation company’s stock after purchasing an additional 2,568 shares during the quarter. SG Americas Securities LLC’s holdings in Wabtec were worth $3,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WAB. ST Germain D J Co. Inc. lifted its stake in shares of Wabtec by 30.2% during the 2nd quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock worth $43,000 after buying an additional 48 shares during the last quarter. PFS Partners LLC raised its holdings in Wabtec by 70.4% in the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 50 shares during the period. Trust Co. of Vermont lifted its position in 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 during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Wabtec by 7.3% during the second quarter. Parkside Financial Bank & Trust now owns 797 shares of the transportation company’s stock worth $167,000 after acquiring an additional 54 shares during the period. Finally, CVA Family Office LLC grew its position in shares of Wabtec by 7.9% in the second quarter. CVA Family Office LLC now owns 748 shares of the transportation company’s stock valued at $157,000 after purchasing an additional 55 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wabtec Stock Performance

WAB opened at $197.89 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 1.42. Wabtec has a 52-week low of $151.81 and a 52-week high of $216.10. The firm has a market cap of $33.83 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09. The business’s fifty day moving average is $197.79 and its 200-day moving average is $199.38.

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

Wabtec Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WAB. Morgan Stanley lifted their price target on Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Susquehanna lifted their target price on Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company began coverage on shares of Wabtec in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $221.00 price target on the stock. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Wabtec has an average rating of “Moderate Buy” and an average price target of $226.78.

Insiders Place Their Bets

In other news, CAO John A. Mastalerz, Jr. sold 2,766 shares of Wabtec 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 in the company, valued at approximately $1,110,060. This trade represents a 34.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rafael Santana sold 1,799 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $189.97, for a total value of $341,756.03. Following the transaction, the chief executive officer directly owned 136,729 shares of the company’s stock, valued at $25,974,408.13. This trade represents a 1.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 25,436 shares of company stock valued at $5,145,024 over the last three months. 1.10% of the stock is owned by corporate insiders.

About Wabtec

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.