Wabtec $WAB Shares Bought by Vaughan Nelson Investment Management L.P.

Key Points

• Vaughan Nelson Investment Management L.P. significantly increased its stake in Wabtec by 70% during the second quarter, acquiring a total of 221,911 shares valued at approximately $46.5 million.
• Wabtec's stock has received mixed ratings from analysts, with seven analysts recommending a "Buy" and two giving a "Hold" rating, and its average target price set at $222.88.
• The company recently announced a quarterly dividend of $0.25, resulting in an annualized dividend yield of 0.5% and maintaining a payout ratio of 14.93%.

Vaughan Nelson Investment Management L.P. raised its position in Wabtec (NYSE:WAB - Free Report) by 70.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 221,911 shares of the transportation company's stock after buying an additional 91,381 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.13% of Wabtec worth $46,457,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. ORG Partners LLC increased its stake in Wabtec by 25.8% in the 2nd quarter. ORG Partners LLC now owns 512 shares of the transportation company's stock valued at $107,000 after buying an additional 105 shares during the period. Kathmere Capital Management LLC acquired a new position in Wabtec in the 2nd quarter valued at $263,000. Parallel Advisors LLC increased its stake in Wabtec by 5.7% in the 2nd quarter. Parallel Advisors LLC now owns 2,147 shares of the transportation company's stock valued at $450,000 after buying an additional 115 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Wabtec by 11.7% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,649 shares of the transportation company's stock valued at $4,532,000 after buying an additional 2,268 shares during the period. Finally, Covea Finance increased its stake in Wabtec by 2.8% in the 2nd quarter. Covea Finance now owns 115,948 shares of the transportation company's stock valued at $24,274,000 after buying an additional 3,200 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WAB has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Wabtec from $220.00 to $226.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Wabtec in a research note on Saturday, September 27th. Wall Street Zen cut shares of Wabtec from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. 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. Finally, 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. Seven equities research 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 an average target price of $222.88.

Wabtec Price Performance

Wabtec stock opened at $200.33 on Friday. Wabtec has a 52 week low of $151.81 and a 52 week high of $216.10. The company has a quick ratio of 1.05, a current ratio of 1.76 and a debt-to-equity ratio of 0.44. The firm's 50-day simple moving average is $192.46 and its 200 day simple moving average is $194.03. The firm has a market capitalization of $34.25 billion, a PE ratio of 29.90, a P/E/G ratio of 1.53 and a beta of 1.10.

Wabtec (NYSE:WAB - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The transportation company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.18 by $0.09. Wabtec had a net margin of 10.92% and a return on equity of 13.65%. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the firm earned $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, equities research analysts predict that Wabtec will post 8.54 EPS for the current fiscal 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 given a $0.25 dividend. The ex-dividend date was Thursday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Wabtec's payout ratio is currently 14.93%.

Insider Transactions at Wabtec

In other Wabtec news, CEO Rafael Santana sold 1,799 shares of the company's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $189.97, for a total value of $341,756.03. Following the transaction, the chief executive officer directly owned 136,729 shares in the company, valued at approximately $25,974,408.13. This represents a 1.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 5,369 shares of company stock valued at $1,042,586. 1.10% of the stock is currently 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.

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