Wabtec $WAB Shares Bought by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC has increased its stake in Wabtec by 5.5%, now holding approximately $19.02 million worth of shares, representing 0.06% of the company.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Wabtec, with a target price averaging $222.57, reflecting positive growth expectations.
• Wabtec recently announced a quarterly dividend of $0.25, with a yield of 0.5%, and reported earnings surpassing expectations with $2.27 EPS for the last quarter.

Voya Investment Management LLC boosted its position in shares of Wabtec (NYSE:WAB - Free Report) by 5.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 104,860 shares of the transportation company's stock after purchasing an additional 5,423 shares during the quarter. Voya Investment Management LLC owned approximately 0.06% of Wabtec worth $19,016,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Putney Financial Group LLC acquired a new position in shares of Wabtec in the fourth quarter worth $52,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Wabtec by 9.8% in the first 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 during the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Wabtec in the fourth quarter worth $205,000. Greenleaf Trust raised its holdings in shares of Wabtec by 2.8% in the first quarter. Greenleaf Trust now owns 3,437 shares of the transportation company's stock worth $623,000 after acquiring an additional 93 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its holdings in shares of Wabtec by 30.5% in the first quarter. Harvest Fund Management Co. Ltd now owns 5,097 shares of the transportation company's stock worth $957,000 after acquiring an additional 1,190 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Wabtec news, CEO Rafael Santana sold 1,798 shares of the firm'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 transaction of $340,954.74. Following the completion of the sale, the chief executive officer owned 134,931 shares in the company, valued at $25,586,965.53. This trade represents a 1.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 5,369 shares of company stock worth $1,042,586. 1.10% of the stock is owned by company insiders.

Wabtec Stock Down 0.9%

Shares of WAB stock traded down $1.72 during trading hours on Friday, reaching $188.65. The company had a trading volume of 1,284,580 shares, 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. Wabtec has a twelve month low of $151.81 and a twelve month high of $216.10. The company has a market capitalization of $32.25 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 1.51 and a beta of 1.11. The stock's fifty day simple moving average is $194.93 and its 200 day simple moving average is $192.73.

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 for the quarter, beating analysts' consensus estimates 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 last year, the firm earned $1.96 EPS. Wabtec's quarterly revenue was up 2.3% on a year-over-year basis. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. As a group, sell-side analysts expect that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid 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 was Thursday, August 14th. Wabtec's dividend payout ratio (DPR) is 14.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut 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. 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 note on Tuesday, July 8th. Morgan Stanley upped their target price on Wabtec from $220.00 to $226.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Wall Street Zen lowered Wabtec from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, KeyCorp reiterated an "overweight" rating and issued a $240.00 target price (up from $220.00) on shares of Wabtec in a research note on Tuesday, June 24th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $222.57.

Wabtec 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.