Diversified Trust Co Has $5.20 Million Holdings in Wabtec $WAB

Key Points

• Diversified Trust Co increased its stake in Wabtec by 17.2% during the 2nd quarter, now owning 24,819 shares valued at approximately $5.2 million.
• Multiple analysts have given Wabtec a consensus rating of "Moderate Buy" with an average target price of $222.57, with recent adjustments in rating and price targets from several firms.
• Wabtec announced a quarterly dividend of $0.25 per share, equating to a yield of 0.5% and a payout ratio of 14.93%.

Diversified Trust Co lifted its position in shares of Wabtec (NYSE:WAB - Free Report) by 17.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,819 shares of the transportation company's stock after purchasing an additional 3,643 shares during the quarter. Diversified Trust Co's holdings in Wabtec were worth $5,196,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its holdings 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 purchasing an additional 56 shares during the period. Wedmont Private Capital grew its holdings in shares of Wabtec by 4.4% during the 2nd quarter. Wedmont Private Capital now owns 2,190 shares of the transportation company's stock worth $467,000 after purchasing an additional 92 shares during the period. Greenleaf Trust grew its holdings in shares of Wabtec by 2.8% during the 1st quarter. Greenleaf Trust now owns 3,437 shares of the transportation company's stock worth $623,000 after purchasing an additional 93 shares during the period. Parallel Advisors LLC grew its holdings in shares of Wabtec by 5.7% during the 2nd quarter. Parallel Advisors LLC now owns 2,147 shares of the transportation company's stock worth $450,000 after purchasing an additional 115 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Wabtec by 1.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,077 shares of the transportation company's stock worth $3,446,000 after purchasing an additional 203 shares during the period. Hedge funds and other institutional investors own 91.69% of the company's stock.

Wabtec Price Performance

Shares of WAB traded down $1.72 during trading hours on Friday, hitting $188.65. The stock had a trading volume of 1,284,580 shares, compared to its average volume of 969,419. The company's fifty day moving average is $194.93 and its two-hundred day moving average is $192.82. 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 52 week low of $151.81 and a 52 week high of $216.10. The stock has a market capitalization 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 (NYSE:WAB - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The transportation company reported $2.27 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the company posted $1.96 EPS. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. On average, analysts anticipate that Wabtec will post 8.54 EPS for the current year.

Wabtec Announces Dividend

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

Insider Activity at Wabtec

In other news, CEO Rafael Santana sold 1,798 shares of Wabtec stock in a transaction 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 completion of the sale, the chief executive officer directly owned 134,931 shares of the company's stock, valued at approximately $25,586,965.53. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 5,369 shares of company stock valued at $1,042,586. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on WAB. KeyCorp reissued an "overweight" rating and set a $240.00 price target (up from $220.00) on shares of Wabtec in a research report on Tuesday, June 24th. Susquehanna boosted their price target on Wabtec from $210.00 to $235.00 and gave the stock a "positive" rating in a research report on Friday, July 25th. Wall Street Zen lowered Wabtec from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Bank of America upped their target price on Wabtec from $231.00 to $236.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. lowered their price target on Wabtec from $216.00 to $200.00 and set a "neutral" rating for the company in a report 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.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $222.57.

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.