Universal Beteiligungs und Servicegesellschaft mbH Has $39.29 Million Holdings in Wabtec $WAB

Universal Beteiligungs und Servicegesellschaft mbH grew its position in Wabtec (NYSE:WAB) by 6.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,978 shares of the transportation company’s stock after buying an additional 11,970 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of Wabtec worth $39,288,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. PFS Partners LLC lifted its position 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 acquiring an additional 50 shares in the last quarter. Colonial Trust Advisors grew its position in Wabtec by 454.5% during the 2nd quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Piscataqua Savings Bank raised its stake in Wabtec by 12,800.0% during the 3rd quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 128 shares during the period. Motco lifted its holdings in shares of Wabtec by 6,600.0% in the third quarter. Motco now owns 134 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 132 shares in the last quarter. Finally, Salomon & Ludwin LLC boosted its position in shares of Wabtec by 370.6% in the third quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock worth $32,000 after buying an additional 126 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wabtec Stock Performance

Shares of WAB opened at $233.00 on Thursday. The company has a market capitalization of $39.83 billion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 1.55 and a beta of 1.00. 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 one year low of $151.81 and a one year high of $234.70. The company’s fifty day moving average price is $214.74 and its 200 day moving average price is $203.65.

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, topping analysts’ consensus estimates of $2.28 by $0.04. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. Wabtec’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.00 earnings per share. As a group, analysts expect that Wabtec will post 8.54 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on WAB shares. Citigroup upped their price target on Wabtec from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Friday, January 9th. JPMorgan Chase & Co. lifted their target price on Wabtec from $215.00 to $245.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Bank of America increased their price target on shares of Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a report on Wednesday, October 8th. Finally, Morgan Stanley upped their price objective on shares of Wabtec from $257.00 to $264.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Wabtec presently has a consensus rating of “Moderate Buy” and a consensus price target of $237.00.

Insider Buying and Selling at Wabtec

In other news, insider Michael Fetsko sold 5,058 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $215.72, for a total value of $1,091,111.76. Following the completion of the transaction, the insider directly owned 36,882 shares of the company’s stock, valued at approximately $7,956,185.04. This represents a 12.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO John A. Mastalerz, Jr. sold 2,766 shares of Wabtec stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $210.00, for a total value of $580,860.00. Following the transaction, the chief accounting officer directly owned 5,286 shares of the company’s stock, valued at approximately $1,110,060. The trade was a 34.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 30,963 shares of company stock valued at $6,513,315 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

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.