OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires New Shares in Wabtec $WAB

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Wabtec (NYSE:WAB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 25,030 shares of the transportation company’s stock, valued at approximately $5,240,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Wabtec by 3.2% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 66,188 shares of the transportation company’s stock valued at $12,004,000 after buying an additional 2,044 shares during the last quarter. Jump Financial LLC increased its stake in shares of Wabtec by 30.3% during the 1st quarter. Jump Financial LLC now owns 33,100 shares of the transportation company’s stock worth $6,003,000 after purchasing an additional 7,703 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Wabtec by 46.0% during the 1st quarter. BNP Paribas Financial Markets now owns 380,793 shares of the transportation company’s stock valued at $69,057,000 after purchasing an additional 120,057 shares in the last quarter. Plato Investment Management Ltd lifted its stake in shares of Wabtec by 4.9% in the 1st quarter. Plato Investment Management Ltd now owns 12,082 shares of the transportation company’s stock valued at $2,215,000 after purchasing an additional 560 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in Wabtec by 5.5% in the first quarter. Voya Investment Management LLC now owns 104,860 shares of the transportation company’s stock worth $19,016,000 after purchasing an additional 5,423 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Wabtec news, CEO Rafael Santana sold 1,798 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $203.61, for a total transaction of $366,090.78. Following the completion of the transaction, the chief executive officer owned 129,537 shares in the company, valued at $26,375,028.57. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Pascal Schweitzer sold 3,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider owned 4,955 shares in the company, valued at approximately $1,030,986.85. This represents a 37.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,455 shares of company stock valued at $6,651,219 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WAB shares. Wells Fargo & Company began coverage on Wabtec in a report on Thursday, November 13th. They set an “equal weight” rating and a $221.00 target price on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a report on Wednesday, October 8th. Bank of America increased their price target on Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Susquehanna boosted their price objective on shares of Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $226.78.

Wabtec Stock Up 2.9%

NYSE WAB opened at $215.70 on Thursday. Wabtec has a twelve month low of $151.81 and a twelve month high of $216.97. The stock has a market cap of $36.88 billion, a PE ratio of 31.35, a PEG ratio of 1.62 and a beta of 0.99. The firm has a 50-day simple moving average of $202.54 and a 200 day simple moving average of $200.34. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 1.42.

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

Wabtec Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were given 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 was Wednesday, November 12th. 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.