OFI Invest Asset Management Has $119,000 Stake in Wabtec $WAB

OFI Invest Asset Management increased its holdings in Wabtec (NYSE:WAB) by 51.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 568 shares of the transportation company’s stock after buying an additional 192 shares during the period. OFI Invest Asset Management’s holdings in Wabtec were worth $119,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. PFS Partners LLC raised its position in Wabtec by 70.4% during 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. Trust Co. of Vermont raised 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 valued at $34,000 after purchasing an additional 50 shares in the last quarter. ST Germain D J Co. Inc. raised its position in Wabtec by 30.2% during 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. Ameritas Advisory Services LLC acquired a new position in Wabtec during the second quarter valued at approximately $44,000. Finally, UMB Bank n.a. raised its position in Wabtec by 22.2% during 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. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wabtec Stock Performance

Shares of Wabtec stock opened at $190.92 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.76 and a debt-to-equity ratio of 0.44. Wabtec has a twelve month low of $151.81 and a twelve month high of $216.10. The stock has a market cap of $32.64 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 1.48 and a beta of 1.10. The company’s fifty day moving average is $192.98 and its 200 day moving average is $194.47.

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

Wabtec Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Wabtec’s payout ratio is currently 14.93%.

Analyst Ratings Changes

WAB has been the subject of several research analyst reports. Bank of America boosted their price objective on shares of Wabtec from $231.00 to $236.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. lowered their price target on shares of Wabtec from $216.00 to $200.00 and set a “neutral” rating for the company in a report on Thursday, August 14th. Morgan Stanley upped their price target on shares of Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Wall Street Zen downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Susquehanna upped their price target on shares of Wabtec from $210.00 to $235.00 and gave the stock a “positive” rating in a report on Friday, July 25th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $222.88.

Insider Buying and Selling at Wabtec

In related news, CEO Rafael Santana sold 1,798 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $189.63, for a total value of $340,954.74. Following the sale, the chief executive officer owned 134,931 shares of the company’s stock, valued at $25,586,965.53. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 4,483 shares of company stock valued at $853,558 over the last quarter. Insiders own 1.10% of the company’s stock.

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.