Wabtec $WAB Shares Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC increased its stake in shares of Wabtec (NYSE:WAB) by 17.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,657 shares of the transportation company’s stock after buying an additional 389 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Wabtec were worth $570,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PFS Partners LLC increased its stake in shares of Wabtec by 70.4% in the 2nd 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. Trust Co. of Vermont grew its holdings in shares of Wabtec by 44.2% in 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 during the period. ST Germain D J Co. Inc. increased 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 worth $43,000 after purchasing an additional 48 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Wabtec during the second quarter worth about $44,000. Finally, Harbour Investments Inc. boosted its holdings 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 purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WAB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. Morgan Stanley lifted their target price on Wabtec from $220.00 to $226.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Susquehanna upped their price target on Wabtec from $210.00 to $235.00 and gave the company a “positive” rating in a research note on Friday, July 25th. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Citigroup initiated coverage on shares of Wabtec in a research report on Monday, September 22nd. They issued a “buy” rating and a $225.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $224.75.

Insider Activity at Wabtec

In other news, CEO Rafael Santana sold 1,799 shares of the 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 transaction, the chief executive officer owned 136,729 shares in the company, valued at approximately $25,974,408.13. This represents a 1.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 6,281 shares of company stock valued at $1,204,240. Corporate insiders own 1.10% of the company’s stock.

Wabtec Price Performance

WAB stock opened at $193.27 on Thursday. Wabtec has a 1 year low of $151.81 and a 1 year high of $216.10. The firm has a market capitalization of $33.04 billion, a P/E ratio of 28.85, a P/E/G ratio of 1.53 and a beta of 1.10. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 1.05. The business’s 50-day moving average is $193.77 and its two-hundred day moving average is $195.20.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.04. Wabtec had a net margin of 10.92% and a return on equity of 13.65%. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter last year, the company earned $2.00 earnings per share. The firm’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. Analysts anticipate that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders 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 dividend on an annualized basis and a yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is currently 14.93%.

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.