Callan Family Office LLC Invests $607,000 in Wabtec $WAB

Key Points

• The Callan Family Office LLC invested approximately $607,000 in Wabtec by acquiring 2,901 shares of the transportation company's stock in the second quarter.
• Wabtec reported earnings of $2.27 per share for the latest quarter, exceeding expectations, and set a fiscal year 2025 EPS guidance of 8.550-9.150.
• The company declared a quarterly dividend of $0.25 per share, which represents a 0.5% dividend yield and a payout ratio of 14.93%.

Callan Family Office LLC acquired a new position in Wabtec (NYSE:WAB - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,901 shares of the transportation company's stock, valued at approximately $607,000.

A number of other hedge funds have also recently made changes to their positions in the business. PFS Partners LLC boosted its stake in Wabtec by 70.4% during the second quarter. PFS Partners LLC now owns 121 shares of the transportation company's stock valued at $25,000 after buying an additional 50 shares during the last quarter. Trust Co. of Vermont boosted its stake in 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 buying an additional 50 shares during the last quarter. ST Germain D J Co. Inc. boosted 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 buying an additional 48 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Wabtec during the second quarter valued at approximately $44,000. Finally, UMB Bank n.a. boosted its stake in Wabtec by 22.2% during the second quarter. UMB Bank n.a. now owns 358 shares of the transportation company's stock valued at $75,000 after buying an additional 65 shares during the last quarter. Institutional investors own 91.69% of the company's stock.

Wabtec Trading Up 1.3%

Shares of WAB stock opened at $193.49 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 1.05. The stock's 50 day simple moving average is $193.11 and its two-hundred day simple moving average is $194.56. Wabtec has a 1 year low of $151.81 and a 1 year high of $216.10. The company has a market cap of $33.08 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 1.48 and a beta of 1.10.

Wabtec (NYSE:WAB - Get Free Report) last issued 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 return on equity of 13.65% and a net margin of 10.92%.The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the business posted $1.96 earnings per share. The company's revenue for the quarter was up 2.3% on a year-over-year basis. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. Research analysts predict that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Dividend Announcement

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

Insider Buying and Selling at Wabtec

In other news, CEO Rafael Santana sold 1,798 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $189.63, for a total value of $340,954.74. Following the sale, the chief executive officer directly owned 134,931 shares in the company, valued at approximately $25,586,965.53. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 4,483 shares of company stock valued at $853,558 in the last quarter. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

WAB has been the subject of a number of research reports. Morgan Stanley increased their price target on Wabtec from $220.00 to $226.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. 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 target (up from $220.00) on shares of Wabtec in a research note on Tuesday, June 24th. Susquehanna upped their price objective on Wabtec from $210.00 to $235.00 and gave the company a "positive" rating in a research report on Friday, July 25th. Finally, Wall Street Zen downgraded Wabtec from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Wabtec currently has a consensus rating of "Moderate Buy" and a consensus target price of $222.88.

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.

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