Flputnam Investment Management Co. Boosts Stock Holdings in Wabtec $WAB

Flputnam Investment Management Co. increased its stake in shares of Wabtec (NYSE:WAB - Free Report) by 197.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,051 shares of the transportation company's stock after acquiring an additional 19,937 shares during the quarter. Flputnam Investment Management Co.'s holdings in Wabtec were worth $6,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).Vertiv Stock Surges on Strategic CFO Hire and AI MomentumOther hedge funds and other institutional investors have also recently bought and sold shares of the company. PFS Partners LLC grew its holdings in shares of Wabtec by 70.4% in 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 boosted its position in Wabtec by 454.5% during the 2nd quarter. Colonial Trust Advisors now owns 122 shares of the transportation company's stock valued at $26,000 after buying an additional 100 shares during the period. Trust Co. of Vermont boosted its position in Wabtec by 44.2% during the 2nd quarter. Trust Co. of Vermont now owns 163 shares of the transportation company's stock valued at $34,000 after buying an additional 50 shares during the period. North Capital Inc. grew its holdings in 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 acquiring an additional 189 shares during the last quarter. Finally, ST Germain D J Co. Inc. increased its position 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 during the period. Institutional investors own 91.69% of the company's stock. Analyst Ratings ChangesA number of research firms have recently weighed in on WAB. Bank of America increased their target price on shares of Wabtec from $228.00 to $233.00 and gave the stock a "buy" rating in a report on Thursday, November 13th. Weiss Ratings reiterated a "buy (b)" rating on shares of Wabtec in a report on Wednesday, October 8th. 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. upped their target price on Wabtec from $200.00 to $215.00 and gave the company a "neutral" rating in a report on Tuesday, October 14th. Finally, Wells Fargo & Company lifted 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. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $227.11.3 transportation stocks gearing up for a new rallyView Our Latest Stock Analysis on WabtecInsider Transactions at WabtecIn related news, CEO Rafael Santana sold 1,798 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $212.17, for a total transaction of $381,481.66. Following 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. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP David L. Deninno sold 5,000 shares of the firm's stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $214.62, for a total transaction of $1,073,100.00. Following the sale, the vice president owned 50,450 shares of the company's stock, valued at approximately $10,827,579. This represents a 9.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 35,714 shares of company stock valued at $7,441,102. 1.10% of the stock is currently owned by corporate insiders. Wabtec Trading Up 1.1%Markets Are Loving These Stocks 'Firing On All Cylinders'NYSE:WAB opened at $216.03 on Monday. The firm has a market capitalization of $36.93 billion, a P/E ratio of 31.40, a PEG ratio of 1.66 and a beta of 0.99. 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 one year low of $151.81 and a one year high of $220.89. The company's 50-day simple moving average is $204.95 and its 200 day simple moving average is $200.95. Wabtec (NYSE:WAB - Get Free Report) last released its earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.04. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same period last year, the business earned $2.00 earnings per share. The business's revenue was up 8.4% on a year-over-year basis. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. As a group, analysts forecast that Wabtec will post 8.54 EPS for the current fiscal year. Wabtec Announces DividendThe business also recently announced 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 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, November 12th. Wabtec's payout ratio is 14.53%. Wabtec Company Profile (Free Report)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.Featured ArticlesFive stocks we like better than WabtecI Shouldn't Be Sending You ThisREVEALED: America just unlocked a $500 trillion assetWall Street Stock picker Names #1 Stock of 2026They Laughed at $30. They Won’t Laugh at $70.How Long Will $1M Last in Retirement?Want to see what other hedge funds are holding WAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wabtec (NYSE:WAB - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Wabtec Right Now?Before you consider Wabtec, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wabtec wasn't on the list.While Wabtec currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here