Banco Bilbao Vizcaya Argentaria S.A. Sells 1,572 Shares of Wabtec $WAB

Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in Wabtec (NYSE:WAB) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,616 shares of the transportation company’s stock after selling 1,572 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Wabtec were worth $13,527,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. 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 valued at $43,000 after acquiring an additional 48 shares during the period. PFS Partners LLC raised its stake in Wabtec by 70.4% in the second quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Trust Co. of Vermont lifted its position in Wabtec by 44.2% during the second 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 period. Parkside Financial Bank & Trust grew its stake in Wabtec by 7.3% during the second quarter. Parkside Financial Bank & Trust now owns 797 shares of the transportation company’s stock worth $167,000 after buying an additional 54 shares in the last quarter. Finally, CVA Family Office LLC increased its holdings in Wabtec by 7.9% in 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 period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WAB. Wells Fargo & Company assumed coverage on shares of Wabtec in a report on Thursday. They set an “equal weight” rating and a $221.00 price target for the company. Citigroup boosted their price objective on shares of Wabtec from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised their target price on Wabtec from $200.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Susquehanna lifted their price target on Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $226.78.

Insiders Place Their Bets

In related news, EVP Gregory Sbrocco sold 2,953 shares of Wabtec stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $195.43, for a total transaction of $577,104.79. Following the sale, the executive vice president directly owned 17,829 shares in the company, valued at $3,484,321.47. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO John A. Mastalerz, Jr. sold 2,766 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $210.00, for a total transaction of $580,860.00. Following the completion of the transaction, the chief accounting officer owned 5,286 shares of the company’s stock, valued at approximately $1,110,060. This trade represents a 34.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 26,322 shares of company stock worth $5,315,871 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Wabtec Stock Down 0.3%

Shares of NYSE:WAB opened at $203.60 on Friday. Wabtec has a 52-week low of $151.81 and a 52-week high of $216.10. The company has a market capitalization of $34.81 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 1.42. The company has a fifty day moving average of $197.45 and a 200-day moving average of $199.04.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.04. Wabtec had a return on equity of 13.84% and a net margin of 10.94%.The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the previous year, the company posted $2.00 EPS. Wabtec’s quarterly revenue was up 8.4% compared to the same quarter last year. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. On average, equities analysts predict that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Announces Dividend

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

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.