MGO One Seven LLC Buys 3,262 Shares of Wabtec $WAB

Key Points

• MGO One Seven LLC increased its ownership in Wabtec by 283.7%, acquiring an additional 3,262 shares, bringing its total holdings to 4,412 shares valued at approximately $924,000.
• Wabtec reported $2.27 earnings per share for its recent quarter, surpassing analyst estimates by $0.09, with revenues totaling $2.71 billion despite falling short of expectations.
• Insider trading activity included CEO Rafael Santana selling 1,799 shares on September 12th, reducing his stake by 1.30% to maintain 136,729 shares worth around $25.97 million.

MGO One Seven LLC raised its stake in shares of Wabtec (NYSE:WAB - Free Report) by 283.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,412 shares of the transportation company's stock after acquiring an additional 3,262 shares during the quarter. MGO One Seven LLC's holdings in Wabtec were worth $924,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PFS Partners LLC boosted its position in Wabtec by 70.4% during the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company's stock valued at $25,000 after acquiring an additional 50 shares in the last quarter. Trust Co. of Vermont boosted its position in Wabtec by 44.2% during the 2nd quarter. Trust Co. of Vermont now owns 163 shares of the transportation company's stock valued at $34,000 after acquiring an additional 50 shares in the last quarter. ST Germain D J Co. Inc. boosted its position in Wabtec by 30.2% during the 2nd quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company's stock valued at $43,000 after acquiring an additional 48 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Wabtec during the 2nd quarter valued at $44,000. Finally, UMB Bank n.a. boosted its position in Wabtec by 22.2% during the 2nd quarter. UMB Bank n.a. now owns 358 shares of the transportation company's stock valued at $75,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 91.69% of the company's stock.

Wabtec Stock Performance

NYSE WAB opened at $193.62 on Friday. 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 has a fifty-two week low of $151.81 and a fifty-two week high of $216.10. The stock has a 50-day simple moving average of $193.54 and a two-hundred day simple moving average of $194.67. The firm has a market capitalization of $33.10 billion, a P/E ratio of 28.90, a PEG ratio of 1.53 and a beta of 1.10.

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, 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 analyst estimates of $2.76 billion. During the same quarter in the previous year, the business earned $1.96 EPS. Wabtec'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, equities analysts forecast that Wabtec will post 8.54 earnings per share for the current year.

Insider Buying and Selling at Wabtec

In related news, CEO Rafael Santana sold 1,799 shares of Wabtec stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $189.97, for a total value of $341,756.03. Following the completion of the transaction, the chief executive officer owned 136,729 shares in the company, valued at $25,974,408.13. The trade was a 1.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 6,281 shares of company stock valued at $1,204,240. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on WAB shares. Wall Street Zen cut Wabtec from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Citigroup started coverage on Wabtec in a research report on Monday, September 22nd. They issued a "buy" rating and a $225.00 price objective for the company. KeyCorp reissued an "overweight" rating and issued a $240.00 price objective (up previously from $220.00) on shares of Wabtec in a research report on Tuesday, June 24th. JPMorgan Chase & Co. raised their price objective on Wabtec from $200.00 to $215.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Bank of America raised their price objective on Wabtec from $231.00 to $236.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $224.75.

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.

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