OMERS ADMINISTRATION Corp Has $3.41 Million Stock Holdings in Wabtec $WAB

OMERS ADMINISTRATION Corp trimmed its position in Wabtec (NYSE:WAB) by 1.8% in the second quarter, Holdings Channel.com reports. The firm owned 16,271 shares of the transportation company’s stock after selling 300 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Wabtec were worth $3,406,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. PFS Partners LLC boosted its stake in shares of Wabtec by 70.4% in the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Colonial Trust Advisors lifted its holdings in Wabtec by 454.5% in the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock valued at $26,000 after buying an additional 100 shares during the period. Trust Co. of Vermont boosted its stake in Wabtec by 44.2% in the second 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 during the last quarter. ST Germain D J Co. Inc. grew its holdings in 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 acquiring an additional 48 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in Wabtec during the 2nd quarter worth $44,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wabtec Trading Down 0.0%

WAB opened at $208.48 on Tuesday. The stock has a market capitalization of $35.64 billion, a P/E ratio of 30.30, a P/E/G ratio of 1.55 and a beta of 1.09. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. Wabtec has a 12 month low of $151.81 and a 12 month high of $216.10. The firm’s fifty day simple moving average is $200.28 and its 200 day simple moving average is $199.84.

Wabtec (NYSE:WAB) last released its earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share (EPS) 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 firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter in the prior year, the company earned $2.00 EPS. The company’s revenue was up 8.4% on a year-over-year basis. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. As a group, research analysts anticipate that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders 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 annualized dividend and a yield of 0.5%. Wabtec’s payout ratio is presently 14.53%.

Analyst Ratings Changes

Several research firms have recently issued reports on WAB. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. upped their price target on Wabtec from $200.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Citigroup boosted their price objective on shares of Wabtec from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Wednesday, October 8th. Finally, Bank of America boosted their price target on shares of Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Wabtec presently has an average rating of “Moderate Buy” and an average target price of $226.78.

Insider Transactions at Wabtec

In related news, EVP Gregory Sbrocco sold 2,424 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $203.77, for a total transaction of $493,938.48. Following the completion of the transaction, the executive vice president owned 15,405 shares in the company, valued at approximately $3,139,076.85. This represents a 13.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rafael Santana sold 1,798 shares of Wabtec stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $203.61, for a total transaction of $366,090.78. Following the completion of the sale, the chief executive officer owned 129,537 shares in the company, valued at $26,375,028.57. The trade was a 1.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 25,436 shares of company stock worth $5,145,024. Corporate insiders own 1.10% of the company’s stock.

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.