Wabtec $WAB Shares Sold by Burney Co.

Burney Co. trimmed its holdings in Wabtec (NYSE:WAB) by 23.6% during the first quarter, HoldingsChannel.com reports. The firm owned 25,336 shares of the transportation company’s stock after selling 7,813 shares during the period. Burney Co.’s holdings in Wabtec were worth $6,332,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Wabtec during the fourth quarter worth approximately $409,039,000. Price T Rowe Associates Inc. MD boosted its stake in Wabtec by 20.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock valued at $1,700,238,000 after acquiring an additional 1,344,744 shares during the last quarter. Nordea Investment Management AB boosted its stake in Wabtec by 55.5% during the 4th quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock valued at $659,939,000 after acquiring an additional 1,095,083 shares during the last quarter. Farallon Capital Management LLC grew its holdings in Wabtec by 68.6% during the 3rd quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company’s stock worth $442,056,000 after acquiring an additional 896,900 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Wabtec by 360.0% in the 4th quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company’s stock worth $188,945,000 after purchasing an additional 692,773 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Wabtec

In other news, 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 transaction of $16,362,494.28. Following the completion of the transaction, the chief executive officer directly owned 128,729 shares of the company’s stock, 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 Securities & Exchange Commission, 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 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 owned 11,985 shares in the company, valued at $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 65,423 shares of company stock valued at $17,562,278 over the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WAB shares. Morgan Stanley restated an “overweight” rating and issued a $318.00 target price on shares of Wabtec in a research note on Monday, April 27th. Wells Fargo & Company lifted their price target on Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Susquehanna restated a “positive” rating and set a $305.00 price objective on shares of Wabtec in a research note on Thursday, April 23rd. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $303.00 target price on shares of Wabtec in a report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $289.82.

Wabtec Stock Down 0.3%

Shares of NYSE:WAB opened at $261.40 on Tuesday. The company’s fifty day moving average is $265.26 and its two-hundred day moving average is $250.34. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. Wabtec has a 1-year low of $184.26 and a 1-year high of $284.91. The stock has a market capitalization of $44.35 billion, a price-to-earnings ratio of 36.97, a price-to-earnings-growth ratio of 1.88 and a beta of 0.94.

Wabtec (NYSE:WAB) last posted its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.62 by $0.09. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the business posted $2.28 EPS. The company’s quarterly revenue was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Equities analysts anticipate that Wabtec will post 10.61 EPS for the current year.

Wabtec Announces Dividend

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