Mirabella Financial Services LLP Acquires New Shares in Wabtec $WAB

Mirabella Financial Services LLP bought a new position in shares of Wabtec (NYSE:WAB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 28,477 shares of the transportation company’s stock, valued at approximately $5,962,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Forsta AP Fonden boosted its position in Wabtec by 40.4% in the first quarter. Forsta AP Fonden now owns 69,800 shares of the transportation company’s stock valued at $12,658,000 after buying an additional 20,100 shares in the last quarter. AGF Management Ltd. boosted its holdings in shares of Wabtec by 11.9% during the 1st quarter. AGF Management Ltd. now owns 62,352 shares of the transportation company’s stock valued at $11,308,000 after acquiring an additional 6,623 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in 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 worth $12,004,000 after acquiring an additional 2,044 shares during the last quarter. Jump Financial LLC increased its holdings in Wabtec by 30.3% in 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 in the last quarter. Finally, BNP Paribas Financial Markets raised its position in Wabtec by 46.0% in the first 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 during the last quarter. 91.69% of the stock is owned by institutional investors.

Wabtec Price Performance

Shares of WAB opened at $213.92 on Friday. The firm has a market cap of $36.57 billion, a PE ratio of 31.09, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. Wabtec has a 52-week low of $151.81 and a 52-week high of $216.10. The business’s 50 day moving average price is $201.37 and its two-hundred day moving average price is $200.05. 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 released its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.04. The company 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 quarter in the previous year, the business posted $2.00 EPS. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. On average, equities analysts anticipate that Wabtec will post 8.54 EPS for the current year.

Wabtec Dividend Announcement

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

Analyst Upgrades and Downgrades

WAB has been the topic of several research reports. Susquehanna boosted their price target on Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a report on Thursday, October 23rd. Bank of America boosted their target price on shares of Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Wall Street Zen downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. boosted their price objective on shares of Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Finally, Citigroup lifted their target price on Wabtec from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Wabtec presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.78.

Insider Activity at Wabtec

In related news, insider Pascal Schweitzer sold 3,000 shares of the stock in a transaction on 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 sale, the insider directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rafael Santana sold 1,799 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $189.97, for a total transaction of $341,756.03. Following the transaction, the chief executive officer directly owned 136,729 shares in the company, valued at $25,974,408.13. The trade was a 1.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 25,436 shares of company stock valued at $5,145,024 over the last three months. 1.10% of the stock is currently owned by company insiders.

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.