VCI Wealth Management LLC Acquires Shares of 6,752 Wabtec $WAB

VCI Wealth Management LLC acquired a new position in shares of Wabtec (NYSE:WAB) during the third quarter, Holdings Channel reports. The fund acquired 6,752 shares of the transportation company’s stock, valued at approximately $1,354,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PFS Partners LLC boosted its holdings in Wabtec by 70.4% during the second quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock worth $25,000 after purchasing an additional 50 shares during the last quarter. Colonial Trust Advisors lifted its position in shares of 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 buying an additional 100 shares in the last quarter. Trust Co. of Vermont boosted 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 worth $34,000 after buying an additional 50 shares during the last quarter. North Capital Inc. boosted its stake in shares of Wabtec by 18,900.0% in the 3rd quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock worth $38,000 after buying an additional 189 shares during the last quarter. Finally, ST Germain D J Co. Inc. grew its holdings in shares of Wabtec by 30.2% in the second 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 in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Activity at Wabtec

In related news, VP David L. Deninno sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $214.62, for a total value of $1,073,100.00. Following the completion of the transaction, the vice president directly owned 50,450 shares of the company’s stock, valued at approximately $10,827,579. This trade represents a 9.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Fetsko sold 5,058 shares of Wabtec stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $215.72, for a total transaction of $1,091,111.76. Following the completion of the transaction, the insider owned 36,882 shares of the company’s stock, valued at $7,956,185.04. This represents a 12.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 35,714 shares of company stock worth $7,441,102 in the last ninety days. Insiders own 1.10% of the company’s stock.

Wabtec Stock Down 0.0%

Shares of NYSE WAB opened at $219.48 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.75. The stock has a market capitalization of $37.52 billion, a PE ratio of 31.90, a P/E/G ratio of 1.69 and a beta of 0.99. Wabtec has a one year low of $151.81 and a one year high of $222.47. The business’s fifty day moving average price is $206.95 and its 200-day moving average price is $201.42.

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

Wabtec Announces Dividend

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

Analyst Upgrades and Downgrades

WAB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Susquehanna lifted their target price on Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a research note on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a report on Wednesday, October 8th. Citigroup increased their price target on shares of Wabtec from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Finally, Wells Fargo & Company lifted their price objective on shares of Wabtec from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $227.11.

Wabtec 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.