Twin Capital Management Inc. Purchases 448 Shares of Wabtec $WAB

Twin Capital Management Inc. lifted its holdings in Wabtec (NYSE:WAB) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,741 shares of the transportation company’s stock after acquiring an additional 448 shares during the period. Twin Capital Management Inc.’s holdings in Wabtec were worth $3,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ST Germain D J Co. Inc. increased its holdings in Wabtec by 30.2% in the second quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock worth $43,000 after purchasing an additional 48 shares in the last quarter. PFS Partners LLC grew 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 increased its stake in shares of Wabtec by 44.2% in the 2nd quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 50 shares in the last quarter. CVA Family Office LLC lifted its position 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 acquiring an additional 55 shares during the period. Finally, Premier Path Wealth Partners LLC boosted its stake in Wabtec by 3.5% during the second quarter. Premier Path Wealth Partners LLC now owns 1,623 shares of the transportation company’s stock worth $340,000 after acquiring an additional 55 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Insider Activity

In other Wabtec news, CEO Rafael Santana sold 1,799 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 136,729 shares of the company’s stock, valued at approximately $25,974,408.13. This represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gregory Sbrocco sold 2,953 shares of the business’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $195.43, for a total value of $577,104.79. Following the completion of the sale, the executive vice president owned 17,829 shares in the company, valued at approximately $3,484,321.47. The trade was a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 15,556 shares of company stock valued at $3,061,101 in the last three months. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on WAB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, October 8th. Morgan Stanley increased 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. Susquehanna lifted 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. Wall Street Zen downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Wabtec from $200.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Wabtec currently has an average rating of “Moderate Buy” and an average price target of $225.38.

Wabtec Stock Performance

Shares of Wabtec stock opened at $205.82 on Thursday. The firm has a market capitalization of $35.19 billion, a P/E ratio of 29.92, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. The business’s fifty day simple moving average is $195.59 and its 200 day simple moving average is $197.84. Wabtec has a 12 month low of $151.81 and a 12 month high of $216.10.

Wabtec (NYSE:WAB) last announced its earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.04. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. Wabtec had a return on equity of 13.84% and a net margin of 10.94%.The business’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $2.00 EPS. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. As a group, analysts anticipate that Wabtec will post 8.54 EPS for the current year.

Wabtec Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, November 12th. Wabtec’s payout ratio is presently 14.53%.

Wabtec Company 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.