Wabtec $WAB Shares Sold by WoodTrust Financial Corp

WoodTrust Financial Corp decreased its stake in Wabtec (NYSE:WAB) by 34.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,258 shares of the transportation company’s stock after selling 3,228 shares during the period. WoodTrust Financial Corp’s holdings in Wabtec were worth $1,254,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. PFS Partners LLC boosted its holdings in Wabtec by 70.4% in the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock worth $25,000 after acquiring an additional 50 shares during the period. Colonial Trust Advisors boosted its stake in shares of 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 purchasing an additional 100 shares during the period. Motco grew its holdings in Wabtec by 6,600.0% during the 3rd 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. Salomon & Ludwin LLC increased its stake in Wabtec by 370.6% during the 3rd 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. Finally, Trust Co. of Vermont lifted its holdings in 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 in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WAB shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, October 8th. Bank of America upped their target price on Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Wells Fargo & Company raised their price target 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. Susquehanna increased their price objective on shares of Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a research note on Thursday, October 23rd. Finally, Wolfe Research raised shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price objective for the company in a report on Thursday, January 8th. Eight equities 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $237.00.

Wabtec Stock Performance

Wabtec stock opened at $230.00 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. Wabtec has a 12 month low of $151.81 and a 12 month high of $230.71. The company has a fifty day moving average price of $213.49 and a two-hundred day moving average price of $203.34. The company has a market cap of $39.32 billion, a PE ratio of 33.43, a P/E/G ratio of 1.55 and a beta of 1.00.

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

Insider Activity at Wabtec

In other Wabtec news, insider Michael Fetsko sold 5,058 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 36,882 shares in the company, valued at approximately $7,956,185.04. This trade represents a 12.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gregory Sbrocco sold 2,953 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $195.43, for a total value of $577,104.79. Following the transaction, the executive vice president owned 17,829 shares of the company’s stock, valued at approximately $3,484,321.47. This represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 33,916 shares of company stock valued at $7,090,420. Company insiders own 1.10% of the company’s stock.

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.