Y Intercept Hong Kong Ltd Has $2.55 Million Stock Holdings in Wabtec $WAB

Y Intercept Hong Kong Ltd grew its holdings in Wabtec (NYSE:WAB) by 696.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,695 shares of the transportation company’s stock after purchasing an additional 11,101 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Wabtec were worth $2,545,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Trust Co. of Vermont boosted its position in 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 acquiring an additional 50 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Wabtec by 7.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 797 shares of the transportation company’s stock worth $167,000 after acquiring an additional 54 shares during the period. CVA Family Office LLC boosted its position in Wabtec by 7.9% during the second quarter. CVA Family Office LLC now owns 748 shares of the transportation company’s stock worth $157,000 after purchasing an additional 55 shares during the period. Premier Path Wealth Partners LLC lifted its stake in shares of Wabtec by 3.5% during the 2nd 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 boosted its holdings in shares of Wabtec by 2.6% during the 3rd quarter. Wedmont Private Capital now owns 2,246 shares of the transportation company’s stock worth $444,000 after buying an additional 56 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WAB. JPMorgan Chase & Co. increased their price objective on shares of Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, January 21st. Morgan Stanley increased their price target on Wabtec from $257.00 to $264.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Bank of America boosted their price objective on Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Wolfe Research upgraded shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 target price for the company in a report on Thursday, January 8th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wabtec presently has a consensus rating of “Moderate Buy” and an average price target of $241.00.

Insider Activity at Wabtec

In related news, CAO John A. Mastalerz, Jr. sold 2,766 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $210.00, for a total value of $580,860.00. Following the completion of the sale, the chief accounting officer owned 5,286 shares of the company’s stock, valued at $1,110,060. This trade represents a 34.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Gregory Sbrocco sold 2,424 shares of the business’s 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 transaction, the executive vice president directly owned 15,405 shares in the company, valued at approximately $3,139,076.85. The trade was a 13.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 28,863 shares of company stock valued at $6,093,588 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Wabtec Price Performance

NYSE WAB traded down $3.58 during trading hours on Wednesday, reaching $228.15. 15,894 shares of the stock traded hands, compared to its average volume of 622,806. The company has a market cap of $39.00 billion, a price-to-earnings ratio of 33.16, a price-to-earnings-growth ratio of 1.58 and a beta of 1.00. The stock has a 50 day simple moving average of $217.17 and a two-hundred day simple moving average of $204.11. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.75. Wabtec has a 1 year low of $151.81 and a 1 year high of $236.00.

Wabtec Company 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.