Banco Bilbao Vizcaya Argentaria S.A. Purchases 2,044 Shares of Wabtec $WAB

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Wabtec by 3.2%, owning 66,188 shares valued at over $12 million after acquiring an additional 2,044 shares.
• Wabtec recently reported earnings per share of $2.27, surpassing estimates, and expects a strong FY 2025 with guidance set between $8.550 to $9.150 EPS.
• Wabtec declared a $0.25 quarterly dividend, resulting in an annualized yield of 0.5%, reflecting a payout ratio of approximately 14.93%.

Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Wabtec (NYSE:WAB - Free Report) by 3.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,188 shares of the transportation company's stock after purchasing an additional 2,044 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Wabtec were worth $12,004,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Putney Financial Group LLC bought a new position in shares of Wabtec in the 4th quarter worth about $52,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Wabtec by 9.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 630 shares of the transportation company's stock worth $114,000 after acquiring an additional 56 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Wabtec in the 4th quarter worth about $205,000. Mufg Securities Americas Inc. bought a new position in shares of Wabtec in the 4th quarter worth about $481,000. Finally, Greenleaf Trust increased its stake in shares of Wabtec by 2.8% in the 1st quarter. Greenleaf Trust now owns 3,437 shares of the transportation company's stock worth $623,000 after acquiring an additional 93 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Wabtec Price Performance

WAB traded down $2.1750 during trading hours on Monday, hitting $193.5650. The company's stock had a trading volume of 182,844 shares, compared to its average volume of 1,075,430. The business's 50-day moving average price is $201.49 and its 200-day moving average price is $192.55. Wabtec has a 12 month low of $151.81 and a 12 month high of $216.10. The stock has a market cap of $33.09 billion, a price-to-earnings ratio of 28.89, a P/E/G ratio of 1.55 and a beta of 1.11. The company has a current ratio of 1.76, a quick ratio of 1.05 and a debt-to-equity ratio of 0.44.

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

Wabtec Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, August 14th. Wabtec's dividend payout ratio is presently 14.93%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Susquehanna increased 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. Bank of America raised their price target on shares of Wabtec from $231.00 to $236.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. KeyCorp reiterated an "overweight" rating and issued a $240.00 price objective (up previously from $220.00) on shares of Wabtec in a research note on Tuesday, June 24th. Wall Street Zen cut shares of Wabtec from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. decreased their target price 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. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $222.57.

Insider Activity at Wabtec

In related news, CTO Eric Gebhardt sold 6,151 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $202.39, for a total transaction of $1,244,900.89. Following the transaction, the chief technology officer directly owned 18,697 shares in the company, valued at approximately $3,784,085.83. This represents a 24.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rafael Santana sold 886 shares of the business'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 directly owned 139,414 shares of the company's stock, valued at $26,883,201.62. This represents a 0.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,108 shares of company stock worth $2,651,464. Insiders own 1.10% of the company's stock.

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.