111 Capital Lowers Position in Wabtec $WAB

111 Capital cut its stake in shares of Wabtec (NYSE:WAB) by 75.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,140 shares of the transportation company’s stock after selling 3,596 shares during the period. 111 Capital’s holdings in Wabtec were worth $243,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WAB. Pinebridge Investments LLC bought a new position in shares of Wabtec in the fourth quarter valued at approximately $96,745,000. Prudential PLC boosted its stake in Wabtec by 3.1% in the fourth quarter. Prudential PLC now owns 2,429 shares of the transportation company’s stock valued at $518,000 after acquiring an additional 72 shares during the last quarter. Vise Technologies Inc. grew its position in shares of Wabtec by 19.2% during the 4th quarter. Vise Technologies Inc. now owns 2,367 shares of the transportation company’s stock valued at $505,000 after acquiring an additional 381 shares during the period. State of Wyoming increased its stake in shares of Wabtec by 121.0% during the 4th quarter. State of Wyoming now owns 1,516 shares of the transportation company’s stock worth $324,000 after purchasing an additional 830 shares during the last quarter. Finally, TD Asset Management Inc increased its stake in shares of Wabtec by 1.0% during the 4th quarter. TD Asset Management Inc now owns 290,682 shares of the transportation company’s stock worth $62,046,000 after purchasing an additional 2,954 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wabtec Trading Up 0.1%

Shares of Wabtec stock opened at $260.77 on Monday. 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 has a 1 year low of $184.26 and a 1 year high of $275.84. The firm has a market cap of $44.25 billion, a PE ratio of 36.88, a PEG ratio of 1.86 and a beta of 0.94. The company has a 50 day simple moving average of $261.06 and a two-hundred day simple moving average of $241.51.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period last year, the firm posted $2.28 EPS. Wabtec’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. Analysts expect that Wabtec will post 10.61 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

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

Wabtec declared that its board has initiated a stock buyback plan on Wednesday, February 11th that authorizes the company to buyback $1.20 billion in outstanding shares. This buyback authorization authorizes the transportation company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

WAB has been the topic of several research analyst reports. Citigroup upped their price objective on Wabtec from $283.00 to $292.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Wall Street Zen downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. JPMorgan Chase & Co. cut their price target on Wabtec from $290.00 to $280.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Wells Fargo & Company lifted their price target on Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Finally, Stephens upped their price target on Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $289.82.

Insider Activity

In other Wabtec news, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were 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 in the company, valued at approximately $33,648,083.82. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 that occurred 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 completion of the sale, the executive vice president owned 13,841 shares in the company, valued at $3,347,722.67. The trade was a 22.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 66,028 shares of company stock worth $17,639,883 in the last three months. 0.57% of the stock is currently owned by insiders.

Wabtec Company 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.