Vaughan Nelson Investment Management L.P. Sells 200,061 Shares of Wabtec $WAB

Vaughan Nelson Investment Management L.P. lowered its stake in Wabtec (NYSE:WAB) by 90.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 21,850 shares of the transportation company’s stock after selling 200,061 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Wabtec were worth $4,380,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Plato Investment Management Ltd increased its stake in shares of Wabtec by 4.9% in the first quarter. Plato Investment Management Ltd now owns 12,082 shares of the transportation company’s stock worth $2,215,000 after buying an additional 560 shares during the period. Voya Investment Management LLC grew its holdings in Wabtec by 5.5% in the 1st quarter. Voya Investment Management LLC now owns 104,860 shares of the transportation company’s stock worth $19,016,000 after acquiring an additional 5,423 shares during the last quarter. Kera Capital Partners Inc. increased its position in shares of Wabtec by 35.5% in the second quarter. Kera Capital Partners Inc. now owns 1,671 shares of the transportation company’s stock valued at $350,000 after acquiring an additional 438 shares during the period. Value Partners Investments Inc. increased its position in shares of Wabtec by 7.8% in the second quarter. Value Partners Investments Inc. now owns 13,408 shares of the transportation company’s stock valued at $2,802,000 after acquiring an additional 973 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of Wabtec by 5.7% during the second quarter. Parallel Advisors LLC now owns 2,147 shares of the transportation company’s stock valued at $450,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, October 8th. Bank of America lifted their price objective on Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Susquehanna boosted their target price on Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. raised their price target on Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Finally, Citigroup lifted their price target on shares of Wabtec from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 14th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $227.11.

Wabtec Stock Down 1.9%

Shares of NYSE:WAB opened at $216.72 on Thursday. The firm has a market capitalization of $37.05 billion, a P/E ratio of 31.50, a P/E/G ratio of 1.52 and a beta of 1.00. 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 stock has a 50 day moving average price of $210.44 and a 200-day moving average price of $202.32. Wabtec has a 52-week low of $151.81 and a 52-week high of $222.47.

Wabtec (NYSE:WAB) last issued its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.04. The company 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 revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.00 earnings per share. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. As a group, equities research analysts anticipate that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Dividend Announcement

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

Insider Buying and Selling at Wabtec

In related news, insider Pascal Schweitzer sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $208.07, for a total value of $624,210.00. Following the sale, the insider owned 4,955 shares in the company, valued at $1,030,986.85. This represents a 37.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael Fetsko sold 5,058 shares of Wabtec stock in a transaction on Friday, December 12th. The shares were sold at an average price of $215.72, for a total value of $1,091,111.76. Following the transaction, the insider owned 36,882 shares of the company’s stock, valued at $7,956,185.04. The trade was a 12.06% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 35,714 shares of company stock valued at $7,441,102. 1.10% of the stock is currently owned by company insiders.

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.