Wabtec $WAB Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Wabtec (NYSE:WAB) by 16.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,715 shares of the transportation company’s stock after purchasing an additional 2,638 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Wabtec were worth $3,702,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Trust Co. of Vermont grew its stake in Wabtec by 44.2% during the 2nd quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 50 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Wabtec by 7.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 797 shares of the transportation company’s stock valued at $167,000 after acquiring an additional 54 shares during the period. CVA Family Office LLC raised its stake in shares of Wabtec by 7.9% during the 2nd quarter. CVA Family Office LLC now owns 748 shares of the transportation company’s stock valued at $157,000 after buying an additional 55 shares during the last quarter. Premier Path Wealth Partners LLC boosted its stake in shares of Wabtec by 3.5% in the second quarter. Premier Path Wealth Partners LLC now owns 1,623 shares of the transportation company’s stock worth $340,000 after buying an additional 55 shares during the last quarter. Finally, Wedmont Private Capital raised its position in Wabtec by 2.6% during the third quarter. Wedmont Private Capital now owns 2,246 shares of the transportation company’s stock valued at $444,000 after acquiring an additional 56 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Michael Fetsko sold 5,058 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $215.72, for a total transaction of $1,091,111.76. Following the transaction, the insider owned 36,882 shares of the company’s stock, valued at approximately $7,956,185.04. This represents a 12.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rogerio Mendonca sold 2,019 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $214.51, for a total value of $433,095.69. Following the sale, the insider owned 9,516 shares in the company, valued at approximately $2,041,277.16. This trade represents a 17.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,863 shares of company stock worth $6,093,588 in the last 90 days. 1.10% of the stock is owned by insiders.

Wabtec Stock Performance

Shares of NYSE:WAB opened at $229.13 on Wednesday. Wabtec has a 52 week low of $151.81 and a 52 week high of $236.00. 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 stock has a market capitalization of $39.17 billion, a P/E ratio of 33.30, a PEG ratio of 1.58 and a beta of 1.00. The firm has a fifty day simple moving average of $217.17 and a two-hundred day simple moving average of $204.11.

Analyst Ratings Changes

Several equities analysts recently issued reports on WAB shares. Susquehanna boosted their target price on shares of Wabtec from $240.00 to $280.00 and gave the company a “positive” rating in a research note on Monday. JPMorgan Chase & Co. increased their target price on Wabtec from $215.00 to $245.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a report on Wednesday, January 21st. Morgan Stanley upped their price target on shares of Wabtec from $257.00 to $264.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Finally, Citigroup boosted their price objective on Wabtec from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.00.

Wabtec 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.