Leeward Investments LLC MA Sells 1,428 Shares of Wabtec $WAB

Leeward Investments LLC MA trimmed its position in Wabtec (NYSE:WAB) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,630 shares of the transportation company’s stock after selling 1,428 shares during the quarter. Leeward Investments LLC MA’s holdings in Wabtec were worth $11,227,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. ST Germain D J Co. Inc. boosted its position 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 buying an additional 48 shares in the last quarter. PFS Partners LLC boosted its position 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 buying an additional 50 shares in the last quarter. Trust Co. of Vermont boosted its position 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 buying an additional 50 shares in the last quarter. CVA Family Office LLC boosted its position in Wabtec by 7.9% in the second quarter. CVA Family Office LLC now owns 748 shares of the transportation company’s stock valued at $157,000 after buying an additional 55 shares in the last quarter. Finally, UMB Bank n.a. boosted its position 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 buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

WAB has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on shares of Wabtec from $220.00 to $226.00 and gave the company 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 Friday. JPMorgan Chase & Co. lifted their price target on shares of Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Bank of America lifted their price target on shares of Wabtec from $231.00 to $236.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Finally, Citigroup assumed coverage on shares of Wabtec in a report on Monday, September 22nd. They set a “buy” rating and a $225.00 price target on the stock. 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, Wabtec currently has an average rating of “Moderate Buy” and an average price target of $225.38.

Wabtec Price Performance

Shares of NYSE:WAB opened at $197.81 on Friday. The firm has a market cap of $33.82 billion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 1.52 and a beta of 1.10. The firm’s fifty day moving average is $194.06 and its 200-day moving average is $195.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 1.42. Wabtec has a 52 week low of $151.81 and a 52 week high of $216.10.

Wabtec (NYSE:WAB) last released its earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.04. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. Wabtec’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.00 earnings per share. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. Sell-side analysts predict that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $1.00 annualized dividend and a yield of 0.5%. Wabtec’s payout ratio is presently 14.53%.

Insider Buying and Selling at Wabtec

In related news, CEO Rafael Santana sold 1,799 shares of the business’s 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 owned 136,729 shares in the company, valued at $25,974,408.13. The trade was a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gregory Sbrocco sold 2,953 shares of the business’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $195.43, for a total transaction of $577,104.79. Following the completion of the transaction, the executive vice president owned 17,829 shares in the company, valued at approximately $3,484,321.47. The trade was a 14.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,234 shares of company stock worth $1,781,345. 1.10% of the stock is owned by company insiders.

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.