Wabtec $WAB Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in shares of Wabtec (NYSE:WAB) by 3.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 805,895 shares of the transportation company’s stock after purchasing an additional 27,739 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Wabtec were worth $161,558,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. PFS Partners LLC boosted its holdings in Wabtec by 70.4% during the second quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock worth $25,000 after buying an additional 50 shares in the last quarter. Colonial Trust Advisors raised its stake in shares of Wabtec by 454.5% during the 2nd quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock worth $26,000 after buying an additional 100 shares during the period. Motco increased its holdings in Wabtec by 6,600.0% in the 3rd quarter. Motco now owns 134 shares of the transportation company’s stock worth $27,000 after acquiring an additional 132 shares in the last quarter. Salomon & Ludwin LLC lifted its holdings in Wabtec by 370.6% during the third quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 126 shares in the last quarter. Finally, Trust Co. of Vermont raised its position in shares of Wabtec by 44.2% during the 2nd 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 last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WAB. Bank of America lifted their price target on Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. JPMorgan Chase & Co. lifted their price objective on Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Susquehanna boosted their price target on shares of Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a research report on Thursday, October 23rd. Citigroup increased their price target on shares of Wabtec from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, Wells Fargo & Company lifted their target price on Wabtec from $221.00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $227.11.

Insider Buying and Selling

In other 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 transaction 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. The trade was a 37.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Fetsko sold 5,058 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $215.72, for a total value of $1,091,111.76. Following the completion of the transaction, the insider directly owned 36,882 shares in the company, valued at $7,956,185.04. This trade represents a 12.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 35,714 shares of company stock valued at $7,441,102 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Wabtec Price Performance

Wabtec stock opened at $217.16 on Tuesday. Wabtec has a 52-week low of $151.81 and a 52-week high of $222.47. The company’s 50 day moving average is $209.67 and its two-hundred day moving average is $202.07. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.45. The firm has a market cap of $37.13 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 1.48 and a beta of 1.00.

Wabtec (NYSE:WAB) last released its 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. 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%.Wabtec’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.00 EPS. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. On average, research analysts expect that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Dividend Announcement

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

Wabtec Company Profile

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec’s business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.