Virtu Financial LLC Purchases Shares of 3,426 Wabtec $WAB

Virtu Financial LLC acquired a new position in Wabtec (NYSE:WAB) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,426 shares of the transportation company’s stock, valued at approximately $731,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd grew 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 acquiring an additional 73 shares during the last quarter. Manchester Capital Management LLC lifted its position in Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 72 shares during the last quarter. McMillan Office Inc. purchased a new stake in shares of Wabtec during the fourth quarter valued at approximately $31,000. BOKF NA boosted its stake in shares of Wabtec by 66.7% during the fourth 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. Finally, FNY Investment Advisers LLC bought a new position in shares of Wabtec in the fourth quarter worth approximately $42,000. Institutional investors own 91.69% of the company’s stock.

Insider Transactions at Wabtec

In other news, insider Sameer Gaur sold 1,082 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $263.50, for a total value 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. The trade was a 8.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rafael Santana sold 60,852 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total value of $16,362,494.28. Following the completion of the sale, the chief executive officer owned 128,729 shares in the company, valued at $34,613,940.81. The trade was a 32.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 65,423 shares of company stock valued at $17,562,278. 0.57% of the stock is currently owned by corporate insiders.

Wabtec Stock Performance

Wabtec stock opened at $276.80 on Tuesday. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $278.98. The stock’s 50 day simple moving average is $264.23 and its two-hundred day simple moving average is $246.50. 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 stock has a market cap of $46.97 billion, a price-to-earnings ratio of 39.15, a PEG ratio of 1.96 and a beta of 0.94.

Wabtec (NYSE:WAB) last released its earnings results 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 company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, analysts expect that Wabtec will post 10.61 earnings per share for the current fiscal year.

Wabtec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, May 22nd. Wabtec’s dividend payout ratio (DPR) is presently 17.54%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WAB shares. Citigroup upped their price target on shares of Wabtec from $283.00 to $292.00 and gave the company a “buy” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. lowered their price objective on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Wells Fargo & Company raised their target price on Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a research note 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 report on Tuesday, March 31st. Finally, Rothschild & Co Redburn raised Wabtec from a “neutral” rating to a “buy” rating and upped their price target for the company from $262.00 to $285.00 in a research report on Thursday, March 26th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.