Global Retirement Partners LLC Has $735,000 Holdings in Wabtec $WAB

Global Retirement Partners LLC raised its holdings in Wabtec (NYSE:WAB) by 323.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,443 shares of the transportation company’s stock after acquiring an additional 2,629 shares during the quarter. Global Retirement Partners LLC’s holdings in Wabtec were worth $735,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WAB. Guggenheim Capital LLC lifted its stake in Wabtec by 7.4% in the second quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company’s stock valued at $1,034,000 after buying an additional 342 shares during the period. Bank of Nova Scotia lifted its stake in Wabtec by 0.5% in the second quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company’s stock valued at $3,745,000 after buying an additional 97 shares during the period. Nebula Research & Development LLC lifted its stake in Wabtec by 208.7% in the second quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock valued at $1,128,000 after buying an additional 3,641 shares during the period. Treasurer of the State of North Carolina lifted its stake in Wabtec by 11.6% in the second quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company’s stock valued at $19,281,000 after buying an additional 9,545 shares during the period. Finally, Ieq Capital LLC lifted its stake in Wabtec by 19.2% in the second quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company’s stock valued at $6,354,000 after buying an additional 4,889 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WAB. Wells Fargo & Company boosted their price target on Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $290.00 target price (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Susquehanna reaffirmed a “positive” rating and set a $305.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. JPMorgan Chase & Co. lowered their target price on Wabtec from $290.00 to $280.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Finally, Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $289.82.

Wabtec Trading Up 2.2%

Shares of Wabtec stock opened at $261.94 on Wednesday. The stock has a fifty day simple moving average of $257.71 and a 200 day simple moving average of $238.36. Wabtec has a 12-month low of $184.26 and a 12-month high of $275.84. The company has a market capitalization of $44.45 billion, a P/E ratio of 37.05, a price-to-earnings-growth ratio of 1.83 and a beta of 0.97. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42.

Wabtec (NYSE:WAB) last announced its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.09. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the company posted $2.28 earnings per share. Wabtec’s revenue was up 13.0% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, sell-side analysts anticipate that Wabtec will post 10.61 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, May 22nd. This represents a $1.24 annualized dividend and a yield of 0.5%. Wabtec’s dividend payout ratio is 17.54%.

Wabtec declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 11th that allows the company to repurchase $1.20 billion in shares. This repurchase authorization allows the transportation company to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Sameer Gaur sold 1,150 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $262.62, for a total transaction of $302,013.00. Following the completion of the sale, the insider owned 12,017 shares in the company, valued at approximately $3,155,904.54. This represents a 8.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $263.77, for a total value of $306,764.51. Following the sale, the chief executive officer owned 127,566 shares of the company’s stock, valued at $33,648,083.82. This trade represents a 0.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 68,341 shares of company stock worth $18,224,621. 0.57% of the stock is owned by corporate insiders.

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.