Twin Capital Management Inc. Has $940,000 Holdings in Wabtec $WAB

Twin Capital Management Inc. trimmed its stake in Wabtec (NYSE:WAB) by 70.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,687 shares of the transportation company’s stock after selling 11,054 shares during the period. Twin Capital Management Inc.’s holdings in Wabtec were worth $940,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WAB. Ameritas Advisory Services LLC bought a new position in Wabtec during the second quarter valued at about $44,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Wabtec during the 2nd quarter worth approximately $211,000. Maryland State Retirement & Pension System increased its position in shares of Wabtec by 3.4% during the second quarter. Maryland State Retirement & Pension System now owns 8,241 shares of the transportation company’s stock valued at $1,725,000 after purchasing an additional 273 shares during the period. US Bancorp DE raised its stake in shares of Wabtec by 10.9% in the second quarter. US Bancorp DE now owns 8,400 shares of the transportation company’s stock valued at $1,759,000 after purchasing an additional 826 shares in the last quarter. Finally, Callan Family Office LLC bought a new position in Wabtec in the second quarter worth $607,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on WAB. Wells Fargo & Company boosted their price target on shares of Wabtec from $221.00 to $224.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, January 21st. Bank of America lifted their price objective on Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Citigroup increased their target price on Wabtec from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Finally, Morgan Stanley boosted their price target on Wabtec from $257.00 to $264.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $241.00.

Insider Activity

In other Wabtec news, VP David L. Deninno sold 5,000 shares of the business’s stock in a transaction dated 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. The trade was a 9.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rafael Santana sold 1,798 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $212.17, for a total transaction of $381,481.66. Following the completion of the sale, the chief executive officer directly owned 125,941 shares of the company’s stock, valued at approximately $26,720,901.97. This represents a 1.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 24,641 shares of company stock worth $5,233,559. 1.10% of the stock is currently owned by insiders.

Wabtec Stock Up 2.7%

Shares of WAB opened at $246.56 on Friday. The company has a market capitalization of $42.15 billion, a P/E ratio of 35.84, a PEG ratio of 1.68 and a beta of 1.01. Wabtec has a one year low of $151.81 and a one year high of $246.68. The business’s 50 day simple moving average is $222.44 and its 200-day simple moving average is $205.53. 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 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.