Stevens Capital Management LP Takes Position in Wabtec $WAB

Stevens Capital Management LP purchased a new position in shares of Wabtec (NYSE:WAB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,429 shares of the transportation company’s stock, valued at approximately $299,000.

Other hedge funds also recently added to or reduced their stakes in the company. PFS Partners LLC lifted its stake 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 during the last quarter. Trust Co. of Vermont raised its holdings 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 buying an additional 50 shares during the period. ST Germain D J Co. Inc. lifted its stake in shares of Wabtec by 30.2% during the 2nd quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock worth $43,000 after acquiring an additional 48 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Wabtec during the 2nd quarter worth approximately $44,000. Finally, NewSquare Capital LLC boosted its holdings in 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 acquiring an additional 124 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Insider Transactions at Wabtec

In other Wabtec news, insider Pascal Schweitzer sold 3,000 shares of Wabtec stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $208.07, for a total value of $624,210.00. Following the transaction, the insider directly owned 4,955 shares of the company’s stock, valued at approximately $1,030,986.85. The trade was a 37.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregory Sbrocco sold 2,953 shares of the company’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 transaction, the executive vice president directly owned 17,829 shares in the company, valued at approximately $3,484,321.47. The trade was a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 25,436 shares of company stock worth $5,145,024. 1.10% of the stock is owned by corporate insiders.

Wabtec Stock Up 2.2%

Shares of NYSE WAB opened at $200.47 on Friday. Wabtec has a 12-month low of $151.81 and a 12-month high of $216.10. The stock’s fifty day simple moving average is $198.27 and its two-hundred day simple moving average is $199.48. The stock has a market capitalization of $34.27 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45.

Wabtec (NYSE:WAB) last released its quarterly earnings results 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 return on equity of 13.84% and a net margin of 10.94%.The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same period in the previous year, the company posted $2.00 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. As a group, analysts expect that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Announces Dividend

The company also recently declared 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, November 12th. Wabtec’s dividend payout ratio (DPR) is currently 14.53%.

Analysts Set New Price Targets

WAB has been the topic of a number of recent analyst reports. Bank of America increased their target price on Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Wells Fargo & Company began coverage on shares of Wabtec in a report on Thursday, November 13th. They issued an “equal weight” rating and a $221.00 price target on the stock. Susquehanna lifted 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. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $226.78.

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.