Wabtec $WAB Shares Sold by Cwm LLC

Key Points

• Cwm LLC has reduced its position in Wabtec by 17.3%, now holding 15,460 shares valued at approximately $3.24 million.
• CEO Rafael Santana sold 1,799 shares of Wabtec stock, decreasing his holdings by 1.30% after the transaction.
• Wabtec announced a quarterly dividend of $0.25, representing an annual yield of 0.5%, payable on November 26th.

Cwm LLC decreased its position in Wabtec (NYSE:WAB - Free Report) by 17.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,460 shares of the transportation company's stock after selling 3,233 shares during the quarter. Cwm LLC's holdings in Wabtec were worth $3,237,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. PFS Partners LLC increased its stake in Wabtec by 70.4% in the second quarter. PFS Partners LLC now owns 121 shares of the transportation company's stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Trust Co. of Vermont increased its stake in Wabtec by 44.2% in the second quarter. Trust Co. of Vermont now owns 163 shares of the transportation company's stock valued at $34,000 after purchasing an additional 50 shares during the last quarter. ST Germain D J Co. Inc. increased its stake in Wabtec by 30.2% in the second quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company's stock valued at $43,000 after purchasing an additional 48 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Wabtec in the second quarter valued at approximately $44,000. Finally, UMB Bank n.a. increased its stake in Wabtec by 22.2% in the second quarter. UMB Bank n.a. now owns 358 shares of the transportation company's stock valued at $75,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Insiders Place Their Bets

In related news, CEO Rafael Santana sold 1,799 shares of Wabtec stock in a transaction on 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 $25,974,408.13. This trade represents a 1.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 6,281 shares of company stock valued at $1,204,240. Company insiders own 1.10% of the company's stock.

Wabtec Stock Performance

Shares of WAB opened at $194.34 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.05 and a debt-to-equity ratio of 0.44. The firm has a market cap of $33.22 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 1.50 and a beta of 1.10. The company's 50 day simple moving average is $193.60 and its 200-day simple moving average is $194.74. Wabtec has a 12-month low of $151.81 and a 12-month high of $216.10.

Wabtec (NYSE:WAB - Get Free Report) last posted 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 net margin of 10.92% and a return on equity of 13.65%. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period last year, the firm posted $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, equities analysts predict that Wabtec will post 8.54 EPS for the current year.

Wabtec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, November 12th. Wabtec's dividend payout ratio (DPR) is 14.93%.

Analyst Ratings Changes

Several brokerages have commented on WAB. JPMorgan Chase & Co. increased their price target on shares of Wabtec from $200.00 to $215.00 and gave the company a "neutral" rating in a research note on Tuesday. Susquehanna increased their price target on shares of Wabtec from $210.00 to $235.00 and gave the company a "positive" rating in a research note on Friday, July 25th. Wall Street Zen lowered shares of Wabtec from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a "buy (b)" rating on shares of Wabtec in a research note on Wednesday, October 8th. Finally, Morgan Stanley raised their target price on shares of Wabtec from $220.00 to $226.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Wabtec presently has an average rating of "Moderate Buy" and an average target price of $224.75.

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.

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