Brighton Jones LLC Purchases 541 Shares of Wabtec $WAB

Brighton Jones LLC boosted its position in Wabtec (NYSE:WAB) by 45.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,722 shares of the transportation company’s stock after purchasing an additional 541 shares during the period. Brighton Jones LLC’s holdings in Wabtec were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ST Germain D J Co. Inc. boosted its holdings in Wabtec by 30.2% during the 2nd quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 48 shares during the period. PFS Partners LLC lifted its position in shares of Wabtec by 70.4% during 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 during the last quarter. Trust Co. of Vermont lifted its position in shares of Wabtec by 44.2% during 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 during the last quarter. CVA Family Office LLC boosted its stake in shares of Wabtec by 7.9% during the second quarter. CVA Family Office LLC now owns 748 shares of the transportation company’s stock valued at $157,000 after purchasing an additional 55 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Wabtec by 22.2% during 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 period. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WAB has been the topic of a number of research reports. Citigroup assumed coverage on shares of Wabtec in a research report on Monday, September 22nd. They set a “buy” rating and a $225.00 target price on the stock. Morgan Stanley raised their price objective on Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Bank of America upped their target price on Wabtec from $231.00 to $236.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. raised their price target on Wabtec from $200.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Finally, Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Wabtec has a consensus rating of “Moderate Buy” and an average target price of $225.38.

Wabtec Stock Performance

WAB stock opened at $203.17 on Friday. Wabtec has a one year low of $151.81 and a one year high of $216.10. The firm has a market cap of $34.73 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 1.55 and a beta of 1.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 1.42. The firm has a 50-day simple moving average of $194.79 and a two-hundred day simple moving average of $196.72.

Wabtec (NYSE:WAB) last posted its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.28 by $0.04. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the previous year, the business posted $2.00 EPS. Wabtec’s revenue was up 8.4% on a year-over-year basis. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. On average, equities analysts forecast that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Announces Dividend

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

Insider Transactions at Wabtec

In other news, EVP Gregory Sbrocco sold 2,953 shares of the firm’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $195.43, for a total value of $577,104.79. Following the completion of the sale, the executive vice president owned 17,829 shares of the company’s stock, valued at $3,484,321.47. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David L. Deninno sold 2,100 shares of the company’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $199.87, for a total value of $419,727.00. Following the transaction, the vice president directly owned 60,450 shares in the company, valued at $12,082,141.50. This represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 11,334 shares of company stock valued at $2,201,072 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

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.