111 Capital Purchases Shares of 4,736 Wabtec $WAB

111 Capital purchased a new position in shares of Wabtec (NYSE:WAB) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,736 shares of the transportation company’s stock, valued at approximately $949,000.

Several other hedge funds also recently modified their holdings of WAB. Colonial Trust Advisors boosted its stake in Wabtec by 454.5% during the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. Piscataqua Savings Bank raised its holdings in shares of Wabtec by 12,800.0% during the third quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 128 shares during the period. Motco boosted its position in shares of Wabtec by 6,600.0% during the 3rd quarter. Motco now owns 134 shares of the transportation company’s stock worth $27,000 after purchasing an additional 132 shares in the last quarter. Salomon & Ludwin LLC grew its stake in shares of Wabtec by 370.6% in the 3rd quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock valued at $32,000 after buying an additional 126 shares during the period. Finally, North Capital Inc. increased its position in Wabtec by 18,900.0% in the 3rd quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock valued at $38,000 after buying an additional 189 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Insider Activity

In other news, insider Sameer Gaur sold 1,150 shares of Wabtec stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $262.62, for a total transaction of $302,013.00. Following the sale, the insider directly owned 12,017 shares in the company, valued at $3,155,904.54. The trade was a 8.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Rogerio Mendonca sold 3,500 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $264.21, for a total transaction of $924,735.00. Following the completion of the transaction, the insider directly owned 10,101 shares in the company, valued at $2,668,785.21. This trade represents a 25.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 40,211 shares of company stock worth $9,885,467. 1.10% of the stock is owned by insiders.

Wabtec Stock Down 0.1%

Wabtec stock opened at $263.77 on Tuesday. Wabtec has a fifty-two week low of $151.81 and a fifty-two week high of $266.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 1.11. The firm’s 50-day simple moving average is $236.79 and its 200 day simple moving average is $212.98. The stock has a market cap of $44.98 billion, a PE ratio of 38.62, a price-to-earnings-growth ratio of 1.99 and a beta of 1.01.

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

Wabtec announced that its board has approved a share repurchase program on Wednesday, February 11th that authorizes the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization authorizes the transportation company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Wabtec Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were given a $0.31 dividend. This is an increase from Wabtec’s previous quarterly dividend of $0.25. This represents a $1.24 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, February 17th. Wabtec’s payout ratio is presently 18.16%.

Wall Street Analysts Forecast Growth

WAB has been the topic of several recent research reports. Wolfe Research upgraded Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price target on the stock in a report on Thursday, January 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Wednesday, January 21st. Stephens lifted their price target on shares of Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Morgan Stanley reaffirmed an “overweight” rating and issued a $315.00 price objective on shares of Wabtec in a research note on Tuesday, February 17th. Finally, Susquehanna set a $300.00 price objective on shares of Wabtec in a report on Thursday, February 12th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $269.00.

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.