Clean Yield Group cut its position in shares of Wabtec Co. (NYSE:WAB) by 7.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,127 shares of the transportation company’s stock after selling 176 shares during the period. Clean Yield Group’s holdings in Wabtec were worth $132,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in WAB. Gabelli Funds LLC bought a new position in Wabtec during the first quarter valued at approximately $217,000. Municipal Employees Retirement System of Michigan raised its position in Wabtec by 44.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 10,570 shares of the transportation company’s stock valued at $609,000 after purchasing an additional 3,263 shares during the period. WASHINGTON TRUST Co raised its position in Wabtec by 63,022.4% during the second quarter. WASHINGTON TRUST Co now owns 123,720 shares of the transportation company’s stock valued at $7,096,000 after purchasing an additional 123,524 shares during the period. Berman Capital Advisors LLC raised its position in Wabtec by 118.9% during the second quarter. Berman Capital Advisors LLC now owns 3,130 shares of the transportation company’s stock valued at $178,000 after purchasing an additional 1,700 shares during the period. Finally, Cibc World Markets Corp raised its position in Wabtec by 419.6% during the second quarter. Cibc World Markets Corp now owns 69,248 shares of the transportation company’s stock valued at $3,987,000 after purchasing an additional 55,921 shares during the period. 88.10% of the stock is owned by institutional investors.

WAB traded down $0.18 during trading on Friday, hitting $63.33. 554,338 shares of the stock were exchanged, compared to its average volume of 1,449,284. The firm has a 50 day simple moving average of $65.34 and a 200 day simple moving average of $60.43. The firm has a market cap of $12.05 billion, a price-to-earnings ratio of 28.40, a P/E/G ratio of 6.10 and a beta of 1.54. Wabtec Co. has a 1 year low of $35.07 and a 1 year high of $81.75. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.62 and a current ratio of 1.14.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Tuesday, July 28th. The transportation company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.75 by $0.12. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.70 billion. Wabtec had a return on equity of 7.60% and a net margin of 5.29%. Wabtec’s quarterly revenue was down 24.0% on a year-over-year basis. During the same period last year, the business posted $1.06 EPS. As a group, equities analysts anticipate that Wabtec Co. will post 3.78 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, November 12th. This represents a $0.48 annualized dividend and a yield of 0.76%. Wabtec’s dividend payout ratio (DPR) is presently 11.51%.

A number of brokerages have issued reports on WAB. Melius began coverage on Wabtec in a research report on Tuesday, October 13th. They set a “buy” rating on the stock. ValuEngine downgraded Wabtec from a “hold” rating to a “sell” rating in a research report on Thursday, October 1st. Morgan Stanley increased their price target on Wabtec from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. Wells Fargo & Company increased their price target on Wabtec from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Citigroup increased their price target on Wabtec from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Wabtec presently has a consensus rating of “Hold” and an average price target of $74.10.

In related news, Director Linda S. Harty bought 5,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were acquired at an average price of $61.93 per share, with a total value of $309,650.00. Following the transaction, the director now owns 13,382 shares of the company’s stock, valued at $828,747.26. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Erwan Faiveley sold 4,600 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $68.26, for a total value of $313,996.00. Following the sale, the director now directly owns 9,026 shares in the company, valued at approximately $616,114.76. The disclosure for this sale can be found here. 5.35% of the stock is currently owned by company insiders.

Wabtec Company Profile

Wabtec Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new commuter locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems.

Read More: How Do Front-End Loads Impact an Investment?

Institutional Ownership by Quarter for Wabtec (NYSE:WAB)

Receive News & Ratings for Wabtec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabtec and related companies with MarketBeat.com's FREE daily email newsletter.