GC Wealth Management RIA LLC Makes New $236,000 Investment in Wabtec $WAB

GC Wealth Management RIA LLC acquired a new position in Wabtec (NYSE:WAB) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 1,126 shares of the transportation company’s stock, valued at approximately $236,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. PFS Partners LLC lifted its holdings in 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 purchasing an additional 50 shares in the last quarter. ST Germain D J Co. Inc. boosted its holdings in Wabtec by 30.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock worth $43,000 after acquiring an additional 48 shares during the period. UMB Bank n.a. boosted its holdings in Wabtec by 22.2% in the 2nd quarter. UMB Bank n.a. now owns 358 shares of the transportation company’s stock worth $75,000 after acquiring an additional 65 shares during the period. ORG Partners LLC boosted its stake in shares of Wabtec by 25.8% during the 2nd quarter. ORG Partners LLC now owns 512 shares of the transportation company’s stock valued at $107,000 after buying an additional 105 shares during the last quarter. Finally, Goelzer Investment Management Inc. purchased a new position in shares of Wabtec during the 2nd quarter valued at approximately $209,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Rafael Santana sold 1,798 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $189.63, for a total transaction of $340,954.74. Following the completion of the transaction, the chief executive officer directly owned 134,931 shares in the company, valued at approximately $25,586,965.53. This trade represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 5,369 shares of company stock valued at $1,042,586 in the last ninety days. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WAB has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Wabtec from $216.00 to $200.00 and set a “neutral” rating on the stock in a research note on Thursday, August 14th. Susquehanna lifted their target price on Wabtec from $210.00 to $235.00 and gave the stock a “positive” rating in a report on Friday, July 25th. Bank of America lifted their target price on Wabtec from $231.00 to $236.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Morgan Stanley raised their price objective on Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $222.88.

Wabtec Price Performance

Shares of WAB stock opened at $197.75 on Friday. The stock’s fifty day simple moving average is $192.40 and its 200 day simple moving average is $193.90. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 1.05. The firm has a market cap of $33.81 billion, a price-to-earnings ratio of 29.52, a P/E/G ratio of 1.54 and a beta of 1.10. Wabtec has a one year low of $151.81 and a one year high of $216.10.

Wabtec (NYSE:WAB) last posted its quarterly earnings data on Thursday, July 24th. The transportation company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.09. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.76 billion. Wabtec had a return on equity of 13.65% and a net margin of 10.92%.The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.96 earnings per share. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. On average, analysts expect that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, August 14th. Wabtec’s dividend payout ratio is 14.93%.

About Wabtec

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.