Wabtec $WAB Shares Sold by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its holdings in Wabtec by 6.8%, now owning 35,043 shares worth approximately $6.36 million.
• Several institutional investors, including Jump Financial LLC and Banco Bilbao Vizcaya Argentaria S.A., increased their positions in Wabtec during the same quarter, indicating a shift in investor sentiment.
• Wabtec announced a quarterly dividend of $0.25 per share, representing a 0.5% yield and a total payout ratio of 14.93%.

B. Metzler seel. Sohn & Co. AG decreased its position in shares of Wabtec (NYSE:WAB - Free Report) by 6.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,043 shares of the transportation company's stock after selling 2,550 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Wabtec were worth $6,355,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Jump Financial LLC raised its holdings in shares of Wabtec by 30.3% in the first quarter. Jump Financial LLC now owns 33,100 shares of the transportation company's stock worth $6,003,000 after buying an additional 7,703 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of Wabtec by 3.2% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 66,188 shares of the transportation company's stock worth $12,004,000 after buying an additional 2,044 shares during the last quarter. AGF Management Ltd. raised its holdings in shares of Wabtec by 11.9% in the first quarter. AGF Management Ltd. now owns 62,352 shares of the transportation company's stock worth $11,308,000 after buying an additional 6,623 shares during the last quarter. Forsta AP Fonden raised its holdings in shares of Wabtec by 40.4% in the first quarter. Forsta AP Fonden now owns 69,800 shares of the transportation company's stock worth $12,658,000 after buying an additional 20,100 shares during the last quarter. Finally, iA Global Asset Management Inc. raised its holdings in shares of Wabtec by 4.7% in the first quarter. iA Global Asset Management Inc. now owns 17,907 shares of the transportation company's stock worth $3,247,000 after buying an additional 812 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on WAB. Wall Street Zen cut shares of Wabtec from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Susquehanna raised their price target on shares of Wabtec from $210.00 to $235.00 and gave the stock a "positive" rating in a report on Friday, July 25th. Bank of America increased their price objective on shares of Wabtec from $231.00 to $236.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. cut their price objective on shares of Wabtec from $216.00 to $200.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Finally, Morgan Stanley increased their price objective on shares of Wabtec from $220.00 to $226.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Wabtec has a consensus rating of "Moderate Buy" and an average price target of $222.57.

Wabtec Stock Performance

Shares of NYSE:WAB traded down $1.85 during midday trading on Monday, reaching $193.33. The company's stock had a trading volume of 877,282 shares, compared to its average volume of 1,051,906. The firm has a market capitalization of $33.05 billion, a PE ratio of 28.85, a P/E/G ratio of 1.54 and a beta of 1.11. Wabtec has a twelve month low of $151.81 and a twelve month high of $216.10. The stock has a fifty day moving average of $200.83 and a 200 day moving average of $192.29. The company has a quick ratio of 1.05, a current ratio of 1.76 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WAB - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The transportation company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.18 by $0.09. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.76 billion. Wabtec had a net margin of 10.92% and a return on equity of 13.65%. The firm's revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business earned $1.96 earnings per share. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. On average, equities analysts expect that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, August 14th. Wabtec's dividend payout ratio (DPR) is currently 14.93%.

Insider Buying and Selling at Wabtec

In related news, CEO Rafael Santana sold 886 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $192.83, for a total transaction of $170,847.38. Following the sale, the chief executive officer owned 139,414 shares in the company, valued at approximately $26,883,201.62. This trade represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gina Trombley sold 4,299 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $202.00, for a total transaction of $868,398.00. Following the sale, the executive vice president owned 13,696 shares in the company, valued at approximately $2,766,592. This represents a 23.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,957 shares of company stock worth $1,406,563. 1.10% of the stock is owned by company insiders.

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.