Wabtec $WAB Shares Sold by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. lowered its position in Wabtec (NYSE:WAB) by 16.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,852 shares of the transportation company’s stock after selling 2,646 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Wabtec were worth $2,900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Greenleaf Trust increased its holdings in shares of Wabtec by 2.8% in the 1st quarter. Greenleaf Trust now owns 3,437 shares of the transportation company’s stock valued at $623,000 after acquiring an additional 93 shares during the period. New York State Common Retirement Fund increased its stake in Wabtec by 16.0% in the first quarter. New York State Common Retirement Fund now owns 142,163 shares of the transportation company’s stock valued at $25,781,000 after purchasing an additional 19,600 shares during the period. Pacer Advisors Inc. increased its stake in Wabtec by 2,220.1% in the first quarter. Pacer Advisors Inc. now owns 738,038 shares of the transportation company’s stock valued at $133,843,000 after purchasing an additional 706,227 shares during the period. Harvest Fund Management Co. Ltd raised its holdings in shares of Wabtec by 30.5% in the first quarter. Harvest Fund Management Co. Ltd now owns 5,097 shares of the transportation company’s stock valued at $957,000 after buying an additional 1,190 shares during the last quarter. Finally, Raiffeisen Bank International AG boosted its stake in shares of Wabtec by 159.0% during the first quarter. Raiffeisen Bank International AG now owns 16,561 shares of the transportation company’s stock worth $3,011,000 after buying an additional 10,168 shares during the period. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WAB shares. Susquehanna boosted their price target on Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Morgan Stanley boosted 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, the company has an average rating of “Moderate Buy” and an average price target of $225.38.

Insider Buying and Selling

In other news, 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 transaction of $419,727.00. Following the completion of the sale, the vice president directly owned 60,450 shares in the company, valued at approximately $12,082,141.50. This trade represents a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rafael Santana sold 1,798 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $203.61, for a total value of $366,090.78. Following the completion of the sale, the chief executive officer owned 129,537 shares in the company, valued at approximately $26,375,028.57. This represents a 1.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 15,556 shares of company stock valued at $3,061,101. Corporate insiders own 1.10% of the company’s stock.

Wabtec Stock Up 0.7%

WAB opened at $205.82 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.75. Wabtec has a 12 month low of $151.81 and a 12 month high of $216.10. The stock has a market capitalization of $35.19 billion, a P/E ratio of 29.92, a P/E/G ratio of 1.55 and a beta of 1.10. The business has a 50 day simple moving average of $195.59 and a 200-day simple moving average of $197.84.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.88 billion. During the same quarter in the prior year, the business posted $2.00 earnings per share. Wabtec’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. On average, equities analysts anticipate that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be paid a $0.25 dividend. 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 14.53%.

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.