Wabtec $WAB Shares Bought by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC raised its position in Wabtec (NYSE:WAB) by 205.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 3,836 shares of the transportation company’s stock after purchasing an additional 2,579 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Wabtec were worth $959,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Clal Insurance Enterprises Holdings Ltd raised its position in Wabtec by 125.9% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. Manchester Capital Management LLC grew 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 purchasing an additional 72 shares during the last quarter. McMillan Office Inc. acquired a new position in Wabtec in the fourth quarter valued at $31,000. Reflection Asset Management purchased a new stake in shares of Wabtec in the fourth quarter valued at about $35,000. Finally, BOKF NA raised its holdings in shares of Wabtec by 66.7% in the fourth quarter. BOKF NA now owns 175 shares of the transportation company’s stock valued at $37,000 after buying an additional 70 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Wabtec

In related 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 value 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 approximately $34,613,940.81. This represents a 32.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $263.50, for a total value of $285,107.00. Following the completion of the sale, the insider directly owned 11,985 shares in the company, valued at approximately $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 65,423 shares of company stock valued at $17,562,278 over the last quarter. Insiders own 0.57% of the company’s stock.

Wabtec Stock Performance

Shares of NYSE WAB opened at $261.40 on Tuesday. The company has a 50-day simple moving average of $265.26 and a 200-day simple moving average of $250.34. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54. The company has a market cap of $44.35 billion, a PE ratio of 36.97, a price-to-earnings-growth ratio of 1.88 and a beta of 0.94. Wabtec has a 12 month low of $184.26 and a 12 month high of $284.91.

Wabtec (NYSE:WAB) last announced its earnings results 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 firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. Wabtec’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, equities analysts anticipate that Wabtec will post 10.61 earnings per share for the current 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 given a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. Wabtec’s payout ratio is currently 17.54%.

Analyst Ratings Changes

Several brokerages recently issued reports on WAB. Morgan Stanley restated an “overweight” rating and issued a $318.00 price target on shares of Wabtec in a research report on Monday, April 27th. Susquehanna reissued a “positive” rating and issued a $305.00 target price on shares of Wabtec in a report on Thursday, April 23rd. Wolfe Research reiterated an “outperform” rating and issued a $303.00 price objective on shares of Wabtec in a research report on Thursday, April 23rd. Wells Fargo & Company boosted their price objective on shares of Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Monday, April 20th. Ten analysts have rated the stock with a Buy rating and two have issued 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 an average target price of $289.82.

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.