Czech National Bank Has $8.76 Million Holdings in Wabtec $WAB

Key Points

• The Czech National Bank increased its stake in Wabtec by 6.6% during the second quarter, bringing its total holdings to approximately $8.76 million.
• Insider activity includes CEO Rafael Santana selling 1,799 shares of Wabtec at an average price of $189.97, resulting in a 1.30% decrease in his ownership.
• Wabtec recently reported its earnings, posting an EPS of $2.27, which surpassed consensus estimates, although its revenue slightly fell short of expectations.

Czech National Bank lifted its stake in shares of Wabtec (NYSE:WAB - Free Report) by 6.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,829 shares of the transportation company's stock after acquiring an additional 2,588 shares during the quarter. Czech National Bank's holdings in Wabtec were worth $8,757,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Putney Financial Group LLC bought a new stake in shares of Wabtec during the 4th quarter worth $52,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Wabtec by 9.8% during 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 stake in shares of Wabtec during the 4th quarter worth $205,000. Kera Capital Partners Inc. boosted its position in shares of Wabtec by 35.5% in the second quarter. Kera Capital Partners Inc. now owns 1,671 shares of the transportation company's stock worth $350,000 after buying an additional 438 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Wabtec by 5.7% in the second quarter. Parallel Advisors LLC now owns 2,147 shares of the transportation company's stock worth $450,000 after buying an additional 115 shares during the period. 91.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WAB has been the subject of several recent analyst reports. Bank of America raised their target price on Wabtec from $231.00 to $236.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. KeyCorp reaffirmed an "overweight" rating and issued a $240.00 target price (up previously from $220.00) on shares of Wabtec in a research report on Tuesday, June 24th. Susquehanna raised their target price on Wabtec from $210.00 to $235.00 and gave the stock a "positive" rating in a research report on Friday, July 25th. Morgan Stanley raised their target price on Wabtec from $220.00 to $226.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, Wall Street Zen cut Wabtec from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $222.57.

Wabtec Price Performance

NYSE WAB traded down $1.72 during trading on Friday, reaching $188.65. 1,284,580 shares of the company traded hands, compared to its average volume of 969,419. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.05 and a current ratio of 1.76. The stock's 50 day moving average price is $194.93 and its two-hundred day moving average price is $192.82. The company has a market cap of $32.25 billion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 1.50 and a beta of 1.11. Wabtec has a 1-year low of $151.81 and a 1-year high of $216.10.

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

Wabtec Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 14th. Wabtec's payout ratio is presently 14.93%.

Insiders Place Their Bets

In other news, CEO Rafael Santana sold 1,798 shares of the business's 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 transaction, the chief executive officer directly owned 134,931 shares of the company's stock, valued at $25,586,965.53. The trade was a 1.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 5,369 shares of company stock worth $1,042,586 over the last 90 days. 1.10% of the stock is currently owned by insiders.

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.