Trust Co. of Vermont Buys 50 Shares of Wabtec $WAB

Trust Co. of Vermont raised its stake in Wabtec (NYSE:WAB) by 44.2% in the second quarter, Holdings Channel reports. The firm owned 163 shares of the transportation company’s stock after acquiring an additional 50 shares during the quarter. Trust Co. of Vermont’s holdings in Wabtec were worth $34,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. PFS Partners LLC grew its stake in 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 in the last quarter. ST Germain D J Co. Inc. grew its stake in Wabtec by 30.2% in the second quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 48 shares in the last quarter. UMB Bank n.a. grew its stake in Wabtec by 22.2% in the second quarter. UMB Bank n.a. now owns 358 shares of the transportation company’s stock valued at $75,000 after purchasing an additional 65 shares in the last quarter. ORG Partners LLC grew its stake in Wabtec by 25.8% in the second quarter. ORG Partners LLC now owns 512 shares of the transportation company’s stock valued at $107,000 after purchasing an additional 105 shares in the last quarter. Finally, Goelzer Investment Management Inc. bought a new position in Wabtec in the second quarter valued at approximately $209,000. 91.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WAB shares. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Saturday, September 27th. KeyCorp reiterated an “overweight” rating and set a $240.00 target price (up from $220.00) on shares of Wabtec in a research note on Tuesday, June 24th. JPMorgan Chase & Co. reduced their target price on Wabtec from $216.00 to $200.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Susquehanna lifted their target price on Wabtec from $210.00 to $235.00 and gave the stock a “positive” rating in a research note on Friday, July 25th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $222.88.

Wabtec Stock Performance

NYSE:WAB opened at $200.33 on Friday. The stock has a fifty day moving average price of $192.46 and a 200-day moving average price of $194.03. The company has a market cap of $34.25 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 1.53 and a beta of 1.10. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.05 and a current ratio of 1.76. Wabtec has a fifty-two week low of $151.81 and a fifty-two week high of $216.10.

Wabtec (NYSE:WAB) last released its earnings results on Thursday, July 24th. The transportation company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.09. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.76 billion. Wabtec had a return on equity of 13.65% and a net margin of 10.92%.The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.96 EPS. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. As a group, equities analysts anticipate that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued 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 Thursday, August 14th. Wabtec’s dividend payout ratio is presently 14.93%.

Insider Transactions at Wabtec

In other Wabtec news, CEO Rafael Santana sold 1,799 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $189.97, for a total value of $341,756.03. Following the completion of the transaction, the chief executive officer owned 136,729 shares of the company’s stock, valued at $25,974,408.13. This represents a 1.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 5,369 shares of company stock valued at $1,042,586. 1.10% of the stock is owned by corporate insiders.

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.