CVA Family Office LLC Purchases 55 Shares of Wabtec $WAB

CVA Family Office LLC grew its holdings in Wabtec (NYSE:WAB) by 7.9% during the second quarter, Holdings Channel.com reports. The firm owned 748 shares of the transportation company’s stock after acquiring an additional 55 shares during the quarter. CVA Family Office LLC’s holdings in Wabtec were worth $157,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nordea Investment Management AB grew its holdings in shares of Wabtec by 33.4% in the 2nd quarter. Nordea Investment Management AB now owns 1,592,529 shares of the transportation company’s stock valued at $333,062,000 after acquiring an additional 398,782 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Wabtec by 56.3% during the second quarter. Robeco Institutional Asset Management B.V. now owns 778,156 shares of the transportation company’s stock valued at $162,907,000 after purchasing an additional 280,140 shares during the last quarter. Pacer Advisors Inc. grew its stake in Wabtec by 2,220.1% in the first quarter. Pacer Advisors Inc. now owns 738,038 shares of the transportation company’s stock valued at $133,843,000 after purchasing an additional 706,227 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Wabtec by 8.7% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 439,144 shares of the transportation company’s stock worth $91,935,000 after purchasing an additional 35,088 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake 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 worth $69,057,000 after purchasing an additional 120,057 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Wabtec Stock Performance

Shares of WAB stock opened at $197.81 on Friday. Wabtec has a 52 week low of $151.81 and a 52 week high of $216.10. The company has a market capitalization of $33.82 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 1.52 and a beta of 1.10. The company has a 50-day simple moving average of $194.06 and a 200 day simple moving average of $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 (NYSE:WAB) last issued its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share (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 the consensus estimate of $2.88 billion. During the same period last year, the business posted $2.00 earnings per share. 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. On average, sell-side analysts predict that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders 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 yield of 0.5%. The ex-dividend date of this dividend is Wednesday, November 12th. Wabtec’s dividend payout ratio is currently 14.53%.

Insider Buying and Selling at Wabtec

In related news, EVP Gregory Sbrocco sold 2,953 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $195.43, for a total transaction of $577,104.79. Following the transaction, the executive vice president directly owned 17,829 shares of the company’s stock, valued at approximately $3,484,321.47. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rafael Santana sold 1,799 shares of Wabtec stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $189.97, for a total transaction of $341,756.03. Following the completion of the sale, the chief executive officer owned 136,729 shares of the company’s stock, valued at $25,974,408.13. This trade represents a 1.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,234 shares of company stock worth $1,781,345 in the last quarter. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on WAB. 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 report on Tuesday, October 14th. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Friday. Citigroup assumed coverage on shares of Wabtec in a research note on Monday, September 22nd. They issued a “buy” rating and a $225.00 target price for the company. Morgan Stanley lifted their price target on Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Finally, Bank of America upped their price objective on Wabtec from $231.00 to $236.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.38.

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.