Vestmark Advisory Solutions Inc. Acquires Shares of 10,675 Wabtec $WAB

Vestmark Advisory Solutions Inc. acquired a new stake in Wabtec (NYSE:WAB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,675 shares of the transportation company’s stock, valued at approximately $2,235,000.

A number of other institutional investors have also made changes to their positions in the business. 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 purchasing an additional 50 shares during the period. Trust Co. of Vermont raised its position 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. lifted its stake in shares of Wabtec by 30.2% during the 2nd quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock worth $43,000 after buying an additional 48 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Wabtec during the 2nd quarter worth about $44,000. Finally, NewSquare Capital LLC grew its stake in Wabtec by 125.3% in the 2nd quarter. NewSquare Capital LLC now owns 223 shares of the transportation company’s stock valued at $47,000 after buying an additional 124 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. JPMorgan Chase & Co. lifted their price target on Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, October 8th. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Citigroup started coverage on Wabtec in a report on Monday, September 22nd. They set a “buy” rating and a $225.00 target price for the company. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $225.38.

Wabtec Price Performance

Shares of NYSE WAB opened at $206.13 on Monday. The business has a fifty day moving average price of $196.02 and a two-hundred day moving average price of $198.45. The stock has a market capitalization of $35.24 billion, a PE ratio of 29.96, a P/E/G ratio of 1.55 and a beta of 1.09. 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 fifty-two week low of $151.81 and a fifty-two week high of $216.10.

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

Wabtec Dividend Announcement

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

Insider Transactions at Wabtec

In related news, VP David L. Deninno sold 2,100 shares of the 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 sale, the vice president 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 SEC, which is accessible through this link. Also, CEO Rafael Santana sold 1,798 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $203.61, for a total transaction of $366,090.78. Following the transaction, the chief executive officer owned 129,537 shares of the company’s stock, valued at approximately $26,375,028.57. This represents a 1.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 15,556 shares of company stock valued at $3,061,101. Company insiders own 1.10% of the company’s stock.

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.