Trillium Asset Management LLC reduced its holdings in shares of Wabtec (NYSE:WAB - Free Report) by 3.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 128,251 shares of the transportation company's stock after selling 4,681 shares during the period. Wabtec comprises 1.1% of Trillium Asset Management LLC's portfolio, making the stock its 20th biggest position. Trillium Asset Management LLC owned about 0.08% of Wabtec worth $34,577,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Whipplewood Advisors LLC purchased a new stake in shares of Wabtec during the first quarter valued at $25,000. Meeder Asset Management Inc. purchased a new position in Wabtec in the 2nd quarter worth about $26,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Wabtec by 125.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company's stock valued at $28,000 after buying an additional 73 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in Wabtec by 122.0% during the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company's stock valued at $28,000 after buying an additional 72 shares in the last quarter. Finally, Bell Investment Advisors Inc purchased a new stake in Wabtec in the 2nd quarter valued at about $29,000. Hedge funds and other institutional investors own 91.69% of the company's stock.
Wabtec Trading Up 0.1%
NYSE WAB opened at $292.62 on Friday. Wabtec has a one year low of $184.26 and a one year high of $306.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. The company has a market capitalization of $49.43 billion, a price-to-earnings ratio of 39.33, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93. The company's 50-day simple moving average is $279.54 and its two-hundred day simple moving average is $264.56.
Wabtec (NYSE:WAB - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.60 by $0.16. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The company's quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the firm earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Equities analysts forecast that Wabtec will post 10.86 EPS for the current fiscal year.
Wabtec Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec's dividend payout ratio (DPR) is 16.67%.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Wolfe Research restated an "outperform" rating and issued a $303.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. JPMorgan Chase & Co. lifted their price target on shares of Wabtec from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Susquehanna boosted their price target on Wabtec from $305.00 to $340.00 and gave the company a "positive" rating in a report on Thursday, July 23rd. Wall Street Zen cut Wabtec from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Wabtec in a report on Friday, July 17th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $313.36.
Get Our Latest Stock Report on Wabtec
Insiders Place Their Bets
In other Wabtec news, insider Sameer Gaur sold 1,082 shares of Wabtec stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $263.50, for a total value of $285,107.00. Following the transaction, the insider owned 11,985 shares in the company, valued at $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Eric Gebhardt sold 7,100 shares of the business's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the completion of the transaction, the chief technology officer owned 19,153 shares of the company's stock, valued at $5,731,918.31. This represents a 27.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 17,786 shares of company stock worth $5,160,577. Insiders own 0.57% of the company's stock.
About Wabtec
(
Free Report)
Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec's business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.
Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.
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