Mosaic Family Wealth Partners LLC Makes New Investment in Wabtec $WAB

Mosaic Family Wealth Partners LLC acquired a new stake in shares of Wabtec (NYSE:WAB) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 1,072 shares of the transportation company’s stock, valued at approximately $224,000.

A number of other hedge funds also recently made changes to their positions in WAB. PFS Partners LLC increased its holdings in Wabtec by 70.4% in the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock worth $25,000 after acquiring an additional 50 shares in the last quarter. Trust Co. of Vermont boosted its position in shares of 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 during the period. ST Germain D J Co. Inc. increased its stake in shares of 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. Ameritas Advisory Services LLC purchased a new stake in shares of Wabtec in the second quarter worth $44,000. Finally, NewSquare Capital LLC raised its position in shares of Wabtec by 125.3% during the 2nd quarter. NewSquare Capital LLC now owns 223 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 124 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Gregory Sbrocco sold 2,424 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $203.77, for a total value of $493,938.48. Following the completion of the transaction, the executive vice president owned 15,405 shares of the company’s stock, valued at approximately $3,139,076.85. This trade represents a 13.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Pascal Schweitzer sold 3,000 shares of Wabtec stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $208.07, for a total value of $624,210.00. Following the completion of the transaction, the insider owned 4,955 shares of the company’s stock, valued at approximately $1,030,986.85. This represents a 37.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 26,322 shares of company stock worth $5,315,871. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on WAB shares. Wall Street Zen downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. Wells Fargo & Company initiated coverage on Wabtec in a research note on Thursday. They set an “equal weight” rating and a $221.00 target price on the stock. Morgan Stanley upped their price target on Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Finally, Susquehanna increased their price objective on shares of Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a report on Thursday, October 23rd. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $226.78.

Wabtec Stock Down 2.1%

Shares of WAB opened at $199.66 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.75. The stock has a market capitalization of $34.13 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09. Wabtec has a 1 year low of $151.81 and a 1 year high of $216.10. The business’s 50 day simple moving average is $197.63 and its 200-day simple moving average is $199.33.

Wabtec (NYSE:WAB) last posted its earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.04. The firm had revenue of $2.89 billion during 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% compared to the same quarter last year. During the same period last year, the firm posted $2.00 earnings per share. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. As a group, equities analysts expect that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.5%. Wabtec’s payout ratio is 14.53%.

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.