Wabtec $WAB Stake Boosted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its stake in shares of Wabtec (NYSE:WAB - Free Report) by 22.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,619 shares of the transportation company's stock after acquiring an additional 3,449 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Wabtec were worth $3,899,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. ST Germain D J Co. Inc. boosted its holdings 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 worth $43,000 after purchasing an additional 48 shares in the last quarter. PFS Partners LLC boosted its holdings in Wabtec by 70.4% in the second quarter. PFS Partners LLC now owns 121 shares of the transportation company's stock worth $25,000 after purchasing an additional 50 shares in the last quarter. Trust Co. of Vermont boosted its holdings in Wabtec by 44.2% in the second quarter. Trust Co. of Vermont now owns 163 shares of the transportation company's stock worth $34,000 after purchasing an additional 50 shares in the last quarter. UMB Bank n.a. boosted its holdings in Wabtec by 22.2% in the second quarter. UMB Bank n.a. now owns 358 shares of the transportation company's stock worth $75,000 after purchasing an additional 65 shares in the last quarter. Finally, CX Institutional boosted its holdings in Wabtec by 6.3% in the second quarter. CX Institutional now owns 1,478 shares of the transportation company's stock worth $309,000 after purchasing an additional 87 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Insider Activity at Wabtec

In other 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 transaction of $341,756.03. Following the completion of the transaction, the chief executive officer owned 136,729 shares of the company's stock, valued at approximately $25,974,408.13. This represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 4,483 shares of company stock worth $853,558 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Wabtec Stock Up 1.2%

Shares of WAB opened at $195.82 on Wednesday. The company has a 50-day simple moving average of $193.25 and a 200-day simple moving average of $194.56. The firm has a market capitalization of $33.48 billion, a P/E ratio of 29.23, a P/E/G ratio of 1.50 and a beta of 1.10. 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 52 week low of $151.81 and a 52 week high of $216.10.

Wabtec (NYSE:WAB - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The transportation company reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.18 by $0.09. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.76 billion. Wabtec had a net margin of 10.92% and a return on equity of 13.65%. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.96 earnings per share. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. On average, equities research analysts expect that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Wabtec's dividend payout ratio is currently 14.93%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on WAB shares. JPMorgan Chase & Co. upped their price objective on shares of Wabtec from $200.00 to $215.00 and gave the stock a "neutral" rating in a report on Tuesday. Weiss Ratings reiterated a "buy (b)" rating on shares of Wabtec in a report on Wednesday, October 8th. Bank of America boosted their target price on shares of Wabtec from $231.00 to $236.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Wall Street Zen lowered shares of Wabtec from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Morgan Stanley boosted 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 research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $224.75.

About Wabtec

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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