Aberdeen Group plc Buys 16,510 Shares of Wabtec $WAB

Aberdeen Group plc increased its position in shares of Wabtec (NYSE:WAB) by 7.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 228,860 shares of the transportation company’s stock after acquiring an additional 16,510 shares during the quarter. Aberdeen Group plc owned about 0.13% of Wabtec worth $45,644,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings in shares of Wabtec by 7.3% in the second quarter. Parkside Financial Bank & Trust now owns 797 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 54 shares in the last quarter. CVA Family Office LLC raised its position in Wabtec by 7.9% in the 2nd quarter. CVA Family Office LLC now owns 748 shares of the transportation company’s stock valued at $157,000 after buying an additional 55 shares during the last quarter. Premier Path Wealth Partners LLC lifted its stake in Wabtec by 3.5% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 1,623 shares of the transportation company’s stock valued at $340,000 after acquiring an additional 55 shares in the last quarter. Wedmont Private Capital boosted its position in Wabtec by 2.6% during the 3rd quarter. Wedmont Private Capital now owns 2,246 shares of the transportation company’s stock worth $444,000 after acquiring an additional 56 shares during the last quarter. Finally, OFI Invest Asset Management grew its stake in shares of Wabtec by 10.0% during the 3rd quarter. OFI Invest Asset Management now owns 625 shares of the transportation company’s stock worth $125,000 after acquiring an additional 57 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WAB shares. Citigroup lifted their target price on Wabtec from $258.00 to $283.00 and gave the company a “buy” rating in a research report on Thursday. KeyCorp boosted their price target on Wabtec from $240.00 to $308.00 and gave the stock an “overweight” rating in a research report on Thursday. Stephens upped their price objective on Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Bank of America raised their target price on shares of Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, Wall Street Zen upgraded shares of Wabtec from a “hold” rating to a “buy” rating in a report on Saturday. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Wabtec has a consensus rating of “Moderate Buy” and an average target price of $263.90.

Insider Activity at Wabtec

In other news, VP David L. Deninno sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $214.62, for a total transaction of $1,073,100.00. Following the completion of the sale, the vice president owned 50,450 shares in the company, valued at $10,827,579. The trade was a 9.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael Fetsko sold 5,058 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $215.72, for a total value of $1,091,111.76. Following the completion of the sale, the insider directly owned 36,882 shares of the company’s stock, valued at $7,956,185.04. The trade was a 12.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,673 shares of company stock worth $3,420,576 over the last quarter. 1.10% of the stock is currently owned by insiders.

Wabtec Trading Up 1.1%

WAB opened at $256.68 on Tuesday. The stock has a market capitalization of $43.88 billion, a price-to-earnings ratio of 37.58, a P/E/G ratio of 1.94 and a beta of 1.01. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. Wabtec has a twelve month low of $151.81 and a twelve month high of $262.40. The company has a 50-day simple moving average of $227.26 and a 200 day simple moving average of $207.87.

Wabtec (NYSE:WAB) last issued its quarterly earnings results on Wednesday, February 11th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.86 billion. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.68 EPS. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Analysts predict that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be paid a $0.31 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. This is an increase from Wabtec’s previous quarterly dividend of $0.25. Wabtec’s dividend payout ratio (DPR) is presently 14.64%.

Wabtec declared that its board has authorized a share repurchase plan on Wednesday, February 11th that allows the company to repurchase $1.20 billion in shares. This repurchase authorization allows the transportation company to purchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Wabtec 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.