CVA Family Office LLC Acquires 55 Shares of Wabtec $WAB

CVA Family Office LLC lifted its holdings in shares of Wabtec (NYSE:WAB) by 7.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 748 shares of the transportation company’s stock after purchasing an additional 55 shares during the period. CVA Family Office LLC’s holdings in Wabtec were worth $157,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in WAB. ST Germain D J Co. Inc. grew its holdings in 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 acquiring an additional 48 shares during the last quarter. PFS Partners LLC lifted its position in shares of 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 in the last quarter. Trust Co. of Vermont grew its stake in shares of Wabtec by 44.2% during 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 last quarter. UMB Bank n.a. increased its holdings in shares of 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 purchasing an additional 65 shares in the last quarter. Finally, Harbour Investments Inc. raised its position in Wabtec by 30.9% in the 2nd quarter. Harbour Investments Inc. now owns 309 shares of the transportation company’s stock worth $65,000 after purchasing an additional 73 shares during the last quarter. 91.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WAB. Citigroup started coverage on Wabtec in a research report on Monday, September 22nd. They issued a “buy” rating and a $225.00 price objective on the stock. Susquehanna raised their price target on Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a report on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a report on Friday. JPMorgan Chase & Co. upped their target price on shares of Wabtec from $200.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Finally, Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $225.38.

Insider Activity

In other news, EVP Gregory Sbrocco sold 2,953 shares of Wabtec 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 transaction, the executive vice president owned 17,829 shares in the company, valued at $3,484,321.47. The trade was a 14.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rafael Santana sold 1,799 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $189.97, for a total value of $341,756.03. Following the sale, the chief executive officer directly owned 136,729 shares of the company’s stock, valued at approximately $25,974,408.13. The trade was a 1.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,234 shares of company stock worth $1,781,345. Corporate insiders own 1.10% of the company’s stock.

Wabtec Stock Performance

Shares of WAB stock opened at $197.81 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 1.05. The stock has a market cap of $33.82 billion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 1.52 and a beta of 1.10. The stock has a 50-day moving average of $194.06 and a 200-day moving average of $195.96. Wabtec has a one year low of $151.81 and a one year high of $216.10.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.04. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter last year, the firm earned $2.00 EPS. Wabtec’s quarterly 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. As a group, sell-side analysts expect that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be paid a dividend of $0.25 per share. 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 dividend payout ratio (DPR) is presently 14.53%.

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.