Wabtec $WAB Stock Position Trimmed by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR has reduced its stake in Wabtec by 25.0%, owning 11,847 shares worth approximately $2.48 million after selling 3,959 shares in the second quarter.
• Wabtec's stock saw a 1.8% decline recently, with a current trading value of $193.62, and a notable 12-month range between a low of $151.81 and a high of $216.10.
• Several analysts have increased their price targets for Wabtec, with Bank of America raising its target to $236.00 and seven analysts rating the stock a "Buy".

Generali Asset Management SPA SGR cut its position in Wabtec (NYSE:WAB - Free Report) by 25.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,847 shares of the transportation company's stock after selling 3,959 shares during the quarter. Generali Asset Management SPA SGR's holdings in Wabtec were worth $2,480,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WAB. PFS Partners LLC lifted its position in Wabtec by 70.4% in the 2nd 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 lifted its position in Wabtec by 44.2% in the 2nd 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. lifted its position in Wabtec by 30.2% in the 2nd 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 bought a new stake in Wabtec in the 2nd quarter valued at about $44,000. Finally, Harbour Investments Inc. lifted its position in Wabtec by 30.9% in the 2nd quarter. Harbour Investments Inc. now owns 309 shares of the transportation company's stock valued at $65,000 after purchasing an additional 73 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Rafael Santana sold 1,799 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $189.97, for a total transaction of $341,756.03. Following the transaction, the chief executive officer directly owned 136,729 shares of the company's stock, valued at approximately $25,974,408.13. The trade was a 1.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 6,281 shares of company stock worth $1,204,240 over the last quarter. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on WAB shares. Bank of America boosted their price target 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. Morgan Stanley boosted their price target 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. Weiss Ratings restated a "buy (b)" rating on shares of Wabtec in a research report on Wednesday, October 8th. KeyCorp restated an "overweight" rating and set a $240.00 price target (up from $220.00) on shares of Wabtec in a research report on Tuesday, June 24th. Finally, Susquehanna boosted their price target on shares of Wabtec from $210.00 to $235.00 and gave the stock a "positive" rating in a research report on Friday, July 25th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $224.75.

Wabtec Stock Down 1.8%

NYSE WAB opened at $193.62 on Friday. Wabtec has a 12 month low of $151.81 and a 12 month high of $216.10. The company's 50 day simple moving average is $193.54 and its 200 day simple moving average is $194.67. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 1.05. The company has a market capitalization of $33.10 billion, a P/E ratio of 28.90, a PEG ratio of 1.53 and a beta of 1.10.

Wabtec (NYSE:WAB - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The transportation company reported $2.27 earnings per share (EPS) 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 business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the previous year, the business earned $1.96 earnings per share. The firm's revenue was up 2.3% compared to the same quarter last year. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. Equities research analysts expect that Wabtec will post 8.54 earnings per share for the current fiscal year.

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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