WoodTrust Financial Corp Sells 300 Shares of Wabtec $WAB

WoodTrust Financial Corp lessened its stake in shares of Wabtec (NYSE:WAB) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,486 shares of the transportation company’s stock after selling 300 shares during the quarter. WoodTrust Financial Corp’s holdings in Wabtec were worth $1,985,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of WAB. PFS Partners LLC lifted its position in shares of Wabtec by 70.4% during the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock worth $25,000 after buying an additional 50 shares during the period. Trust Co. of Vermont lifted 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 buying an additional 50 shares during the period. ST Germain D J Co. Inc. lifted its position in shares of Wabtec by 30.2% during the 2nd quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock worth $43,000 after buying an additional 48 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Wabtec during the 2nd quarter worth approximately $44,000. Finally, UMB Bank n.a. lifted its position in shares of Wabtec by 22.2% during the 2nd quarter. UMB Bank n.a. now owns 358 shares of the transportation company’s stock worth $75,000 after buying an additional 65 shares during the period. Institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on WAB. Morgan Stanley lifted their price objective on Wabtec from $220.00 to $226.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Bank of America lifted their target price on Wabtec from $231.00 to $236.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. KeyCorp reaffirmed an “overweight” rating and set a $240.00 price objective (up from $220.00) on shares of Wabtec in a research note on Tuesday, June 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research note on Saturday, September 27th. Finally, JPMorgan Chase & Co. cut their price target on Wabtec from $216.00 to $200.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.88.

Wabtec Stock Performance

WAB opened at $197.66 on Wednesday. Wabtec has a 52-week low of $151.81 and a 52-week high of $216.10. The firm has a market capitalization of $33.79 billion, a PE ratio of 29.50, a PEG ratio of 1.56 and a beta of 1.10. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.05 and a current ratio of 1.76. The business’s 50-day simple moving average is $192.65 and its 200 day simple moving average is $194.28.

Wabtec (NYSE:WAB) last released its earnings results on Thursday, July 24th. The transportation company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.09. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.76 billion. Wabtec had a return on equity of 13.65% and a net margin of 10.92%.Wabtec’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.96 earnings per share. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. As a group, sell-side analysts expect that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 14th. Wabtec’s payout ratio is 14.93%.

Insiders Place Their Bets

In other Wabtec news, CEO Rafael Santana sold 1,799 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $189.97, for a total transaction of $341,756.03. Following the transaction, the chief executive officer owned 136,729 shares of the company’s stock, valued at $25,974,408.13. The trade was a 1.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 4,483 shares of company stock worth $853,558 over the last 90 days. 1.10% of the stock is owned by insiders.

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.