Copeland Capital Management LLC Buys 41,849 Shares of Wabtec $WAB

Copeland Capital Management LLC boosted its stake in Wabtec (NYSE:WAB) by 861.4% during the first quarter, Holdings Channel.com reports. The firm owned 46,707 shares of the transportation company’s stock after buying an additional 41,849 shares during the period. Copeland Capital Management LLC’s holdings in Wabtec were worth $11,673,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hilltop Holdings Inc. grew its holdings in shares of Wabtec by 3.9% in the fourth quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock worth $228,000 after purchasing an additional 40 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in Wabtec by 1.6% during the 1st quarter. Apollon Wealth Management LLC now owns 3,081 shares of the transportation company’s stock valued at $770,000 after buying an additional 48 shares during the last quarter. IHT Wealth Management LLC raised its holdings in Wabtec by 1.0% during the 4th quarter. IHT Wealth Management LLC now owns 4,856 shares of the transportation company’s stock valued at $1,037,000 after buying an additional 50 shares during the last quarter. Carnegie Investment Counsel boosted its position in Wabtec by 2.5% during the 4th quarter. Carnegie Investment Counsel now owns 2,051 shares of the transportation company’s stock valued at $438,000 after buying an additional 51 shares during the period. Finally, DGS Capital Management LLC boosted its position in Wabtec by 5.2% during the 1st quarter. DGS Capital Management LLC now owns 1,051 shares of the transportation company’s stock valued at $263,000 after buying an additional 52 shares during the period. Institutional investors own 91.69% of the company’s stock.

Insider Activity at Wabtec

In related news, insider Sameer Gaur sold 1,082 shares of the company’s stock in a transaction 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. This represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rafael Santana sold 1,163 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $262.07, for a total value of $304,787.41. Following the completion of the transaction, the chief executive officer owned 122,914 shares of the company’s stock, valued at approximately $32,212,071.98. This trade represents a 0.94% decrease in their position. 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 5,734 shares of company stock worth $1,504,571 over the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

WAB has been the topic of a number of analyst reports. Wolfe Research restated 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 increased their target price on shares of Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Citigroup cut their target price on Wabtec from $313.00 to $311.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Rothschild & Co Redburn upgraded Wabtec from a “neutral” rating to a “buy” rating and boosted their price target for the company from $262.00 to $285.00 in a report on Thursday, March 26th. Finally, Susquehanna reaffirmed a “positive” rating and set a $305.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $293.36.

Wabtec Price Performance

WAB stock opened at $261.85 on Friday. 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 $284.91. The firm has a 50-day moving average of $264.30 and a 200 day moving average of $252.83. The company has a market cap of $44.43 billion, a P/E ratio of 37.04, a PEG ratio of 1.87 and a beta of 0.94.

Wabtec (NYSE:WAB) last posted its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.09. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the previous year, the firm posted $2.28 EPS. The business’s revenue was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, sell-side analysts forecast that Wabtec will post 10.64 EPS for the current year.

Wabtec Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be given a dividend of $0.31 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. Wabtec’s payout ratio 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.