SYM FINANCIAL Corp Makes New $246,000 Investment in Wabtec $WAB

SYM FINANCIAL Corp bought a new stake in Wabtec (NYSE:WAB) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,173 shares of the transportation company’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. AustralianSuper Pty Ltd lifted its stake in shares of Wabtec by 11.5% in the 2nd quarter. AustralianSuper Pty Ltd now owns 874,061 shares of the transportation company’s stock valued at $182,985,000 after acquiring an additional 90,392 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Wabtec during the 2nd quarter valued at approximately $334,000. Transcend Capital Advisors LLC bought a new position in Wabtec during the 2nd quarter valued at approximately $233,000. Banco Santander S.A. raised its position in Wabtec by 5.0% during the 2nd quarter. Banco Santander S.A. now owns 116,264 shares of the transportation company’s stock valued at $24,340,000 after purchasing an additional 5,504 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its position in Wabtec by 1.2% during the 2nd quarter. Wealthfront Advisers LLC now owns 25,445 shares of the transportation company’s stock valued at $5,327,000 after purchasing an additional 311 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Wabtec Trading Up 1.4%

Shares of NYSE WAB opened at $200.35 on Tuesday. The business’s 50 day moving average is $194.27 and its two-hundred day moving average is $196.27. 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 1-year low of $151.81 and a 1-year high of $216.10. The stock has a market capitalization of $34.25 billion, a P/E ratio of 29.12, a PEG ratio of 1.52 and a beta of 1.10.

Wabtec (NYSE:WAB) last released 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 firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Wabtec had a return on equity of 13.84% and a net margin of 10.94%.The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 earnings per share. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. As a group, research analysts expect that Wabtec will post 8.54 EPS for the current year.

Wabtec Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given 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 dividend payout ratio is presently 14.53%.

Insider Buying and Selling at Wabtec

In other Wabtec news, EVP Gregory Sbrocco sold 2,953 shares of the stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $195.43, for a total transaction of $577,104.79. Following the sale, the executive vice president directly owned 17,829 shares of the company’s stock, valued at approximately $3,484,321.47. This trade represents a 14.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rafael Santana sold 1,799 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $189.97, for a total value of $341,756.03. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,234 shares of company stock worth $1,781,345. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Susquehanna upped their price target on Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a research report on Thursday. Morgan Stanley upped their target price on Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Bank of America upped their price target on Wabtec from $231.00 to $236.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, October 8th. Finally, Citigroup began 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. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $225.38.

Wabtec 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.