Vantage Investment Partners LLC Acquires 11,263 Shares of Wabtec $WAB

Vantage Investment Partners LLC increased its holdings in shares of Wabtec (NYSE:WAB) by 4.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 267,573 shares of the transportation company’s stock after acquiring an additional 11,263 shares during the quarter. Wabtec comprises approximately 4.1% of Vantage Investment Partners LLC’s investment portfolio, making the stock its 5th largest holding. Vantage Investment Partners LLC’s holdings in Wabtec were worth $56,016,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. PFS Partners LLC raised its holdings in Wabtec by 70.4% during the second quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock worth $25,000 after purchasing an additional 50 shares in the last quarter. Trust Co. of Vermont grew its position in shares of 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. raised its stake in 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 acquiring an additional 48 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Wabtec in the second quarter valued at $44,000. Finally, UMB Bank n.a. boosted 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 acquiring an additional 65 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Citigroup started coverage on Wabtec in a report on Monday, September 22nd. They issued a “buy” rating and a $225.00 target price for the company. KeyCorp restated an “overweight” rating and set a $240.00 target price (up from $220.00) on shares of Wabtec in a research report on Tuesday, June 24th. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research note on Saturday, September 27th. Finally, Morgan Stanley lifted their price objective on shares of Wabtec from $220.00 to $226.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $222.88.

Wabtec Stock Performance

Shares of WAB opened at $200.33 on Monday. The stock has a market capitalization of $34.25 billion, a P/E ratio of 29.90, a P/E/G ratio of 1.55 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 1 year low of $151.81 and a 1 year high of $216.10. The company’s fifty day moving average is $192.46 and its two-hundred day moving average is $194.14.

Wabtec (NYSE:WAB) last issued its earnings results on Thursday, July 24th. The transportation company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.09. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.76 billion. Wabtec had a net margin of 10.92% and a return on equity of 13.65%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.96 earnings per share. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. On average, sell-side analysts predict that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, August 14th. Wabtec’s dividend payout ratio (DPR) is currently 14.93%.

Insider Activity at Wabtec

In other Wabtec news, CEO Rafael Santana sold 1,798 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $189.63, for a total transaction of $340,954.74. Following the transaction, the chief executive officer directly owned 134,931 shares in the company, valued at approximately $25,586,965.53. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 4,483 shares of company stock valued at $853,558 in the last ninety days. 1.10% of the stock is owned by company insiders.

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.