Wabtec $WAB Shares Sold by Trium Capital LLP

Trium Capital LLP decreased its holdings in shares of Wabtec (NYSE:WAB) by 27.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,063 shares of the transportation company’s stock after selling 2,339 shares during the quarter. Wabtec comprises about 0.5% of Trium Capital LLP’s portfolio, making the stock its 26th biggest holding. Trium Capital LLP’s holdings in Wabtec were worth $1,215,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of WAB. PFS Partners LLC boosted its position 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 acquiring an additional 50 shares during the last quarter. Colonial Trust Advisors lifted its stake in Wabtec by 454.5% in the 2nd quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Trust Co. of Vermont lifted its stake in Wabtec by 44.2% in the 2nd quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock worth $34,000 after purchasing an additional 50 shares in the last quarter. North Capital Inc. boosted its holdings in shares of Wabtec by 18,900.0% during the 3rd quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock worth $38,000 after purchasing an additional 189 shares during the last quarter. Finally, ST Germain D J Co. Inc. grew its position in shares of 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. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WAB. Wells Fargo & Company lifted their price objective on Wabtec from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, October 8th. Citigroup boosted their price target on shares of Wabtec from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Bank of America raised their price objective on shares of Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $227.11.

Wabtec Stock Performance

NYSE WAB opened at $219.48 on Friday. The stock has a market cap of $37.52 billion, a PE ratio of 31.90, a P/E/G ratio of 1.69 and a beta of 0.99. Wabtec has a twelve month low of $151.81 and a twelve month high of $222.47. The stock has a fifty day simple moving average of $206.95 and a 200-day simple moving average of $201.42. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45.

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

Wabtec Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is presently 14.53%.

Insider Transactions at Wabtec

In related news, CAO John A. Mastalerz, Jr. sold 2,766 shares of Wabtec stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $210.00, for a total value of $580,860.00. Following the completion of the sale, the chief accounting officer owned 5,286 shares in the company, valued at approximately $1,110,060. This trade represents a 34.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rafael Santana sold 1,798 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $212.17, for a total value of $381,481.66. Following the transaction, the chief executive officer owned 125,941 shares in the company, valued at $26,720,901.97. This trade represents a 1.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 35,714 shares of company stock worth $7,441,102 in the last three months. Company insiders own 1.10% of the company’s stock.

Wabtec Company Profile

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec’s business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.