Machina Capital S.A.S. Purchases 6,132 Shares of Wabtec $WAB

Machina Capital S.A.S. grew its position in shares of Wabtec (NYSE:WAB) by 126.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 10,974 shares of the transportation company’s stock after acquiring an additional 6,132 shares during the quarter. Machina Capital S.A.S.’s holdings in Wabtec were worth $2,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PFS Partners LLC lifted its position in Wabtec by 70.4% in the second quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock worth $25,000 after buying an additional 50 shares during the last quarter. Trust Co. of Vermont lifted its position in Wabtec by 44.2% in the second quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock worth $34,000 after buying an additional 50 shares during the last quarter. ST Germain D J Co. Inc. increased 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 worth $43,000 after purchasing an additional 48 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Wabtec in the second quarter worth $44,000. Finally, Harbour Investments Inc. increased its stake in Wabtec by 30.9% in the second quarter. Harbour Investments Inc. now owns 309 shares of the transportation company’s stock worth $65,000 after purchasing an additional 73 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Wabtec Trading Up 0.8%

Wabtec stock opened at $204.82 on Monday. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.45. Wabtec has a 52 week low of $151.81 and a 52 week high of $216.10. The company has a market capitalization of $35.01 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. The stock has a 50-day moving average price of $194.97 and a 200 day moving average price of $197.30.

Wabtec (NYSE:WAB) last released its earnings results on Wednesday, October 22nd. The transportation company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.04. Wabtec had a return on equity of 13.84% and a net margin of 10.94%.The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the previous year, the company posted $2.00 earnings per share. The company’s revenue was up 8.4% compared to the same quarter last year. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. Sell-side analysts anticipate that Wabtec will post 8.54 EPS for the current year.

Wabtec Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WAB shares. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on Wabtec from $200.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Morgan Stanley raised their price target on Wabtec from $220.00 to $226.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Susquehanna raised their price target on Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a research note on Thursday, October 23rd. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $225.38.

Insider Activity at Wabtec

In related news, CEO Rafael Santana sold 1,799 shares of Wabtec stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $189.97, for a total transaction of $341,756.03. Following the completion of the transaction, the chief executive officer directly owned 136,729 shares in the company, valued at approximately $25,974,408.13. This trade represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David L. Deninno sold 2,100 shares of Wabtec stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $199.87, for a total value of $419,727.00. Following the transaction, the vice president owned 60,450 shares of the company’s stock, valued at approximately $12,082,141.50. This represents a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 11,334 shares of company stock worth $2,201,072. 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.