Arista Wealth Management LLC Invests $1.13 Million in Wabtec $WAB

Key Points

• Arista Wealth Management LLC invested approximately $1.13 million for a new stake in Wabtec, acquiring 5,401 shares during the second quarter.
• Wabtec has a consensus rating of "Moderate Buy" with an average target price of $224.75, as seven research analysts rated it as a buy and two as hold.
• The company declared a quarterly dividend of $0.25 per share, indicating an annual yield of 0.5%, with a payout ratio of 14.93%.

Arista Wealth Management LLC acquired a new stake in shares of Wabtec (NYSE:WAB - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund acquired 5,401 shares of the transportation company's stock, valued at approximately $1,131,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. ST Germain D J Co. Inc. grew its stake 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 valued at $43,000 after acquiring an additional 48 shares in the last quarter. PFS Partners LLC boosted its holdings in Wabtec by 70.4% in the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company's stock valued at $25,000 after purchasing an additional 50 shares during the period. Trust Co. of Vermont grew its position in shares of Wabtec by 44.2% during the 2nd 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 in the last quarter. UMB Bank n.a. grew its position in shares of Wabtec by 22.2% during the 2nd 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. increased its holdings in shares of Wabtec by 30.9% in the second 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 period. Hedge funds and other institutional investors own 91.69% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on WAB. Weiss Ratings reissued a "buy (b)" rating on shares of Wabtec in a research note on Wednesday, October 8th. KeyCorp reissued an "overweight" rating and set a $240.00 price objective (up previously from $220.00) on shares of Wabtec in a report on Tuesday, June 24th. JPMorgan Chase & Co. upped their price objective on shares of Wabtec from $200.00 to $215.00 and gave the stock a "neutral" rating in a research report on Tuesday. Citigroup started coverage on shares of Wabtec in a research report on Monday, September 22nd. They set a "buy" rating and a $225.00 target price for the company. Finally, Susquehanna boosted their price target on shares of Wabtec from $210.00 to $235.00 and gave the stock a "positive" rating in a research note on Friday, July 25th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Wabtec has a consensus rating of "Moderate Buy" and a consensus target price of $224.75.

Insiders Place Their Bets

In other Wabtec news, CEO Rafael Santana sold 1,798 shares of the company's stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $195.04, for a total transaction of $350,681.92. Following the completion of the sale, the chief executive officer directly owned 133,133 shares in the company, valued at $25,966,260.32. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 6,281 shares of company stock valued at $1,204,240 over the last ninety days. Insiders own 1.10% of the company's stock.

Wabtec Stock Performance

NYSE:WAB opened at $193.62 on Friday. The company has a market capitalization of $33.10 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 1.53 and a beta of 1.10. The business has a 50 day moving average of $193.54 and a 200 day moving average of $194.67. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 1.05. Wabtec has a 1-year low of $151.81 and a 1-year high of $216.10.

Wabtec (NYSE:WAB - Get Free Report) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $2.76 billion. Wabtec had a net margin of 10.92% and a return on equity of 13.65%. The business's revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $1.96 earnings per share. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. On average, sell-side analysts predict 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 of this dividend is Wednesday, November 12th. This represents a $1.00 annualized dividend and a yield of 0.5%. Wabtec's payout ratio is currently 14.93%.

Wabtec Company 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.

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