Arista Wealth Management LLC Sells 2,336 Shares of Wabtec $WAB

Arista Wealth Management LLC reduced its stake in Wabtec (NYSE:WAB) by 30.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,266 shares of the transportation company’s stock after selling 2,336 shares during the period. Arista Wealth Management LLC’s holdings in Wabtec were worth $1,124,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. BOKF NA grew its stake in shares of Wabtec by 66.7% in the 4th quarter. BOKF NA now owns 175 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 70 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Wabtec in the 4th quarter valued at approximately $42,000. Westfuller Advisors LLC grew its stake in shares of Wabtec by 83.2% in the 4th quarter. Westfuller Advisors LLC now owns 207 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 94 shares during the period. Steigerwald Gordon & Koch Inc. grew its stake in shares of Wabtec by 258.3% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 215 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 155 shares during the period. Finally, Salomon & Ludwin LLC grew its stake in shares of Wabtec by 35.6% in the 4th quarter. Salomon & Ludwin LLC now owns 217 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 57 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Wabtec

In other Wabtec news, CEO Rafael Santana sold 60,852 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total transaction of $16,362,494.28. Following the transaction, the chief executive officer owned 128,729 shares of the company’s stock, valued at approximately $34,613,940.81. This represents a 32.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gina Trombley sold 4,013 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $241.87, for a total value of $970,624.31. Following the transaction, the executive vice president directly owned 13,841 shares in the company, valued at approximately $3,347,722.67. This represents a 22.48% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 67,191 shares of company stock worth $17,922,608. Company insiders own 0.57% of the company’s stock.

Wabtec Stock Down 0.1%

NYSE WAB opened at $261.12 on Thursday. The firm has a market cap of $44.31 billion, a PE ratio of 36.93, a price-to-earnings-growth ratio of 1.87 and a beta of 0.97. Wabtec has a one year low of $184.26 and a one year high of $275.84. The stock’s 50 day simple moving average is $258.15 and its 200 day simple moving average is $238.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54.

Wabtec (NYSE:WAB) last posted its quarterly earnings data 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 firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the business earned $2.28 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, sell-side analysts forecast that Wabtec will post 10.61 earnings per share for the current fiscal year.

Wabtec declared that its board has initiated a stock repurchase program on Wednesday, February 11th that permits the company to buyback $1.20 billion in outstanding shares. This buyback authorization permits the transportation company to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Wabtec Dividend Announcement

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

Analyst Upgrades and Downgrades

WAB has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research note on Monday, April 20th. Susquehanna restated a “positive” rating and set a $305.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. Jefferies Financial Group restated a “buy” rating and set a $290.00 price target (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Citigroup increased their price target on Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Finally, Wells Fargo & Company increased their price target on Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $289.82.

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.