Wabtec $WAB Shares Sold by Blair William & Co. IL

Blair William & Co. IL cut its stake in shares of Wabtec (NYSE:WAB) by 11.4% in the third quarter, Holdings Channel.com reports. The fund owned 312,237 shares of the transportation company’s stock after selling 40,108 shares during the period. Blair William & Co. IL’s holdings in Wabtec were worth $62,594,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new position in Wabtec in the 2nd quarter valued at about $334,000. Crestwood Advisors Group LLC purchased a new stake in Wabtec during the 2nd quarter worth about $256,000. Resona Asset Management Co. Ltd. raised its position in Wabtec by 3.7% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 55,584 shares of the transportation company’s stock valued at $11,622,000 after purchasing an additional 2,001 shares in the last quarter. SouthState Corp raised its position in Wabtec by 34.5% in the 2nd quarter. SouthState Corp now owns 604 shares of the transportation company’s stock valued at $126,000 after purchasing an additional 155 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. purchased a new position in shares of Wabtec in the 2nd quarter valued at about $2,235,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Wabtec Stock Performance

Shares of Wabtec stock opened at $244.16 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. Wabtec has a 52 week low of $151.81 and a 52 week high of $266.27. The firm’s 50 day moving average is $239.58 and its two-hundred day moving average is $214.61. The firm has a market capitalization of $41.63 billion, a P/E ratio of 35.75, a P/E/G ratio of 1.85 and a beta of 0.99.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, February 11th. The transportation company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.02. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the previous year, the firm earned $1.68 EPS. The company’s revenue was up 14.8% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Research analysts forecast that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 11th that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the transportation company to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Wabtec Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. This is a boost from Wabtec’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, February 17th. Wabtec’s dividend payout ratio is presently 18.16%.

Insider Buying and Selling

In other news, insider Nalin Jain sold 7,936 shares of Wabtec stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $264.09, for a total transaction of $2,095,818.24. Following the sale, the insider owned 6,364 shares in the company, valued at approximately $1,680,668.76. The trade was a 55.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rafael Santana sold 1,798 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $245.71, for a total value of $441,786.58. Following the completion of the sale, the chief executive officer directly owned 118,749 shares of the company’s stock, valued at $29,177,816.79. The trade was a 1.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,192 shares of company stock valued at $8,379,272 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on WAB shares. Citigroup boosted their price objective on Wabtec from $258.00 to $283.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. lifted their price target on shares of Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Susquehanna set a $300.00 price target on shares of Wabtec in a report on Thursday, February 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, January 21st. Finally, Morgan Stanley restated an “overweight” rating and issued a $315.00 price objective on shares of Wabtec in a report on Tuesday, February 17th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Wabtec presently has a consensus rating of “Moderate Buy” and a consensus price target of $269.00.

About Wabtec

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.