Cynosure Group LLC Purchases New Shares in Wabtec $WAB

Cynosure Group LLC acquired a new position in shares of Wabtec (NYSE:WAB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,256 shares of the transportation company’s stock, valued at approximately $482,000.

Other large investors also recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd raised its position 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 during the last quarter. Manchester Capital Management LLC raised its position 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 during the last quarter. McMillan Office Inc. purchased a new position in Wabtec during the 4th quarter worth $31,000. BOKF NA raised its position 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 during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Wabtec during the 4th quarter worth $42,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Activity

In other Wabtec news, insider Sameer Gaur sold 1,082 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $263.50, for a total transaction of $285,107.00. Following the sale, the insider directly owned 11,985 shares of the company’s stock, valued at $3,158,047.50. This trade represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $261.06, for a total transaction of $303,612.78. Following the sale, the chief executive officer directly owned 124,077 shares in the company, valued at $32,391,541.62. This represents a 0.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 65,423 shares of company stock worth $17,562,278 over the last ninety days. 0.57% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WAB. Rothschild & Co Redburn upgraded shares of Wabtec from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $262.00 to $285.00 in a research report on Thursday, March 26th. Citigroup upped their price objective on shares of Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Jefferies Financial Group restated a “buy” rating and set a $290.00 price objective (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Wells Fargo & Company upped their price objective on shares of Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. cut their price objective 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. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $289.82.

Wabtec Price Performance

Shares of NYSE WAB opened at $272.26 on Wednesday. The stock has a market cap of $46.20 billion, a price-to-earnings ratio of 38.51, a PEG ratio of 1.92 and a beta of 0.94. Wabtec has a 52 week low of $184.26 and a 52 week high of $276.22. The company’s 50-day moving average price is $263.29 and its 200 day moving average price is $244.63. 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 issued its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, research analysts forecast that Wabtec will post 10.61 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

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

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.