Jump Financial LLC Grows Holdings in Wabtec $WAB

Key Points

• Jump Financial LLC increased its stake in Wabtec by 30.3%, acquiring an additional 7,703 shares to bring its total holdings to 33,100 shares worth approximately $6 million.
• Wabtec's CEO, Rafael Santana, sold 886 shares recently, reducing his ownership by 0.63%, while other institutional investors also significantly increased their positions in the company during the first quarter.
• The company reported earnings of $2.27 per share in its last results, exceeding analyst expectations, and declared a quarterly dividend of $0.25 per share, effective August 28th.

Jump Financial LLC increased its holdings in Wabtec (NYSE:WAB - Free Report) by 30.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,100 shares of the transportation company's stock after acquiring an additional 7,703 shares during the quarter. Jump Financial LLC's holdings in Wabtec were worth $6,003,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Putney Financial Group LLC purchased a new position in Wabtec during the 4th quarter worth $52,000. MassMutual Private Wealth & Trust FSB raised its position in 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 buying an additional 56 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in Wabtec during the 4th quarter worth $205,000. Mufg Securities Americas Inc. purchased a new position in Wabtec during the 4th quarter worth $481,000. Finally, Greenleaf Trust raised its position in 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 buying an additional 93 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on WAB shares. Wall Street Zen cut shares of Wabtec from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. KeyCorp reaffirmed 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 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. JPMorgan Chase & Co. lowered their price target 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, Bank of America upped their price target 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. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Wabtec presently has an average rating of "Moderate Buy" and an average target price of $222.57.

Wabtec Price Performance

NYSE WAB traded down $1.85 during trading hours on Friday, reaching $193.33. The company's stock had a trading volume of 877,282 shares, compared to its average volume of 1,069,807. The stock has a market cap of $33.05 billion, a PE ratio of 28.85, a PEG ratio of 1.54 and a beta of 1.11. Wabtec has a fifty-two week low of $151.81 and a fifty-two week high of $216.10. The company's 50-day moving average is $200.83 and its two-hundred day moving average is $192.32. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.05 and a current ratio of 1.76.

Wabtec (NYSE:WAB - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The transportation company reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.18 by $0.09. The firm had revenue of $2.71 billion for the quarter, compared to analysts' expectations 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 period in the prior year, the company earned $1.96 EPS. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. Analysts forecast that Wabtec will post 8.54 EPS for the current year.

Wabtec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a $0.25 dividend. 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 dividend payout ratio is presently 14.93%.

Insider Transactions at Wabtec

In other Wabtec news, EVP Gina Trombley sold 4,299 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $202.00, for a total value of $868,398.00. Following the transaction, the executive vice president directly owned 13,696 shares in the company, valued at approximately $2,766,592. This represents a 23.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rafael Santana sold 886 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $192.83, for a total transaction of $170,847.38. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 6,957 shares of company stock worth $1,406,563. 1.10% of the stock is owned by corporate 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.