Exencial Wealth Advisors LLC Has $16.53 Million Holdings in Wabtec $WAB

Exencial Wealth Advisors LLC reduced its holdings in Wabtec (NYSE:WAB) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,963 shares of the transportation company’s stock after selling 3,333 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Wabtec were worth $16,531,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. ST Germain D J Co. Inc. boosted its position in Wabtec by 30.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock valued at $43,000 after buying an additional 48 shares during the last quarter. PFS Partners LLC boosted its position in Wabtec by 70.4% in the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock valued at $25,000 after buying an additional 50 shares during the last quarter. Trust Co. of Vermont boosted its position in 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. UMB Bank n.a. boosted its position in Wabtec by 22.2% in the 2nd quarter. UMB Bank n.a. now owns 358 shares of the transportation company’s stock valued at $75,000 after buying an additional 65 shares during the last quarter. Finally, Harbour Investments Inc. boosted its position in Wabtec by 30.9% in the 2nd quarter. Harbour Investments Inc. now owns 309 shares of the transportation company’s stock valued at $65,000 after buying an additional 73 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. JPMorgan Chase & Co. increased their price objective on Wabtec from $200.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Citigroup started coverage on Wabtec in a research note on Monday, September 22nd. They issued a “buy” rating and a $225.00 price target on the stock. KeyCorp reissued an “overweight” rating and issued a $240.00 price target (up previously from $220.00) on shares of Wabtec in a research note on Tuesday, June 24th. Finally, Bank of America raised their price objective on Wabtec from $231.00 to $236.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $224.75.

Wabtec Price Performance

WAB stock opened at $198.01 on Wednesday. The stock has a 50-day moving average price of $193.79 and a two-hundred day moving average price of $195.21. The stock has a market cap of $33.85 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 1.52 and a beta of 1.10. The company has a current ratio of 1.76, a quick ratio of 1.05 and a debt-to-equity ratio of 0.44. Wabtec has a 1 year low of $151.81 and a 1 year high of $216.10.

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

Wabtec Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be issued 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 presently 14.93%.

Insider Buying and Selling at Wabtec

In other news, CEO Rafael Santana sold 1,799 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $189.97, for a total value of $341,756.03. Following the completion of the transaction, the chief executive officer owned 136,729 shares in the company, valued at $25,974,408.13. This trade represents a 1.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 6,281 shares of company stock valued at $1,204,240. 1.10% of the stock is owned by company 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.