Wabtec $WAB Stock Position Decreased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its stake in shares of Wabtec (NYSE:WAB) by 12.8% in the 3rd quarter, Holdings Channel reports. The firm owned 195,432 shares of the transportation company’s stock after selling 28,634 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Wabtec were worth $39,178,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in WAB. Colonial Trust Advisors boosted its holdings in shares of Wabtec by 454.5% during the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Piscataqua Savings Bank increased its holdings in shares of Wabtec by 12,800.0% in the 3rd quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock worth $26,000 after acquiring an additional 128 shares during the period. Motco lifted its position in Wabtec by 6,600.0% in the 3rd quarter. Motco now owns 134 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 132 shares during the last quarter. Salomon & Ludwin LLC boosted its stake in Wabtec by 370.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 126 shares during the period. Finally, North Capital Inc. grew its position 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 purchasing an additional 189 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Wabtec Price Performance

NYSE:WAB opened at $245.99 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $223.92 and its 200 day moving average price is $206.12. Wabtec has a 52-week low of $151.81 and a 52-week high of $248.78. The firm has a market cap of $42.05 billion, a P/E ratio of 35.75, a PEG ratio of 1.67 and a beta of 1.01.

Wabtec Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, February 17th. This is an increase from Wabtec’s previous quarterly dividend of $0.25. Wabtec’s payout ratio is presently 14.53%.

Insider Buying and Selling at Wabtec

In other Wabtec news, insider Rogerio Mendonca sold 2,019 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $214.51, for a total value of $433,095.69. Following the transaction, the insider owned 9,516 shares of the company’s stock, valued at approximately $2,041,277.16. This represents a 17.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rafael Santana sold 1,798 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $212.17, for a total value 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 13,875 shares of company stock valued at $2,978,789 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

WAB has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a report on Wednesday, January 21st. Wells Fargo & Company raised their target price on Wabtec from $221.00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Susquehanna lifted their target price on Wabtec from $240.00 to $280.00 and gave the company a “positive” rating in a research note on Monday, January 26th. Morgan Stanley increased their price target on Wabtec from $257.00 to $264.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Finally, Bank of America raised their price target on Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $241.00.

Key Wabtec News

Here are the key news stories impacting Wabtec this week:

• Positive Sentiment: CSX awarded Wabtec a major fleet modernization order (~$670M) to supply and upgrade locomotives — a clear near-term revenue/bookings boost. CSX signs $670M deal with Wabtec to modernize locomotive fleet with new and upgraded units
• Positive Sentiment: Wabtec announced roughly $2.5 billion in train-related deals (broader order momentum beyond CSX) that support forward backlog and potential production leverage. Wabtec signs $2.5 billion in train deals. Will there be new Erie jobs?
• Positive Sentiment: Wabtec boosted its quarterly dividend by 24% to $0.31, signaling cash-flow confidence and making the stock more attractive to income-focused investors. Wabtec Rewards Shareholders With 24% Hike in Quarterly Dividend
• Positive Sentiment: Short interest fell ~13.9% in January to ~1.82M shares (1.1% of float) with a short-interest ratio of ~2.8 days — reduced short pressure can amplify upside on positive news.
• Neutral Sentiment: Market participants are awaiting Wabtec’s Q4 earnings/report preview — expectations and guidance will be key to sustaining the rally. Wabtec (WAB) Q4 Earnings Report Preview: What To Look For

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.