Wabtec $WAB Shares Sold by Cwm LLC

Cwm LLC lowered its holdings in Wabtec (NYSE:WAB) by 17.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,460 shares of the transportation company’s stock after selling 3,233 shares during the quarter. Cwm LLC’s holdings in Wabtec were worth $3,237,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. ST Germain D J Co. Inc. lifted its holdings in 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 acquiring an additional 48 shares during the period. PFS Partners LLC lifted its holdings in Wabtec by 70.4% in the second quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 50 shares during the period. Trust Co. of Vermont lifted its holdings in 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 acquiring an additional 50 shares during the period. UMB Bank n.a. lifted its holdings in Wabtec by 22.2% in the second quarter. UMB Bank n.a. now owns 358 shares of the transportation company’s stock valued at $75,000 after acquiring an additional 65 shares during the period. Finally, CX Institutional lifted its holdings in Wabtec by 6.3% in the second quarter. CX Institutional now owns 1,478 shares of the transportation company’s stock valued at $309,000 after acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Buying and Selling

In other Wabtec news, CEO Rafael Santana sold 1,798 shares of Wabtec stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $195.04, for a total value of $350,681.92. Following the completion of the sale, the chief executive officer directly owned 133,133 shares of the company’s stock, valued at approximately $25,966,260.32. The trade was a 1.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 6,281 shares of company stock valued at $1,204,240. 1.10% of the stock is currently owned by insiders.

Wabtec Price Performance

NYSE:WAB opened at $194.34 on Friday. The firm has a market cap of $33.22 billion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 1.50 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. The company’s 50-day moving average is $193.60 and its two-hundred day moving average is $194.74. Wabtec has a 12-month low of $151.81 and a 12-month high of $216.10.

Wabtec (NYSE:WAB) last released its earnings results on Thursday, July 24th. The transportation company reported $2.27 EPS for the quarter, topping the consensus estimate 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 net margin of 10.92% and a return on equity of 13.65%. Wabtec’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.96 EPS. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. Research analysts expect that Wabtec will post 8.54 EPS for the current year.

Wabtec Dividend Announcement

The company also recently announced 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. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, November 12th. Wabtec’s payout ratio is presently 14.93%.

Analyst Upgrades and Downgrades

A number of research firms have commented on WAB. Citigroup assumed coverage on Wabtec in a report on Monday, September 22nd. They issued a “buy” rating and a $225.00 target price for the company. KeyCorp reaffirmed an “overweight” rating and set a $240.00 price target (up previously from $220.00) on shares of Wabtec in a research note on Tuesday, June 24th. JPMorgan Chase & Co. lifted their price target on Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday. Morgan Stanley lifted their price target on Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $224.75.

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.