Atlas Capital Advisors Inc. Invests $587,000 in Wabtec $WAB

Atlas Capital Advisors Inc. bought a new position in Wabtec (NYSE:WAB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,752 shares of the transportation company’s stock, valued at approximately $587,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Wabtec by 125.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 73 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in Wabtec by 122.0% during the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 72 shares in the last quarter. McMillan Office Inc. acquired a new position in Wabtec during the 4th quarter worth $31,000. BOKF NA lifted its holdings in Wabtec by 66.7% during the 4th quarter. BOKF NA now owns 175 shares of the transportation company’s stock worth $37,000 after buying an additional 70 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Wabtec during the 4th quarter valued at $42,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Wabtec

In other news, CEO Rafael Santana sold 60,852 shares of the stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $268.89, for a total transaction of $16,362,494.28. Following the completion of the transaction, the chief executive officer directly owned 128,729 shares in the company, valued at $34,613,940.81. This represents a 32.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 64,341 shares of company stock worth $17,277,171. Corporate insiders own 0.57% of the company’s stock.

Wabtec Stock Up 1.4%

NYSE:WAB opened at $268.92 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. The company has a market cap of $45.63 billion, a PE ratio of 38.04, a PEG ratio of 1.90 and a beta of 0.94. Wabtec has a 52-week low of $184.26 and a 52-week high of $275.84. The stock has a 50-day simple moving average of $262.92 and a 200 day simple moving average of $244.18.

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 analysts’ consensus estimates of $2.62 by $0.09. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.Wabtec’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the company earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, sell-side analysts expect that Wabtec will post 10.61 EPS for the current fiscal year.

Wabtec Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup upped their target price on shares of Wabtec from $283.00 to $292.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Susquehanna reiterated 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. dropped their target price on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research report on Monday, April 20th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $289.82.

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.