Wabtec $WAB Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its holdings in Wabtec (NYSE:WAB) by 11.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 312,237 shares of the transportation company’s stock after selling 40,108 shares during the period. Blair William & Co. IL owned about 0.18% of Wabtec worth $62,594,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of WAB. Y Intercept Hong Kong Ltd acquired a new stake in Wabtec in the second quarter valued at approximately $334,000. Crestwood Advisors Group LLC acquired a new position in shares of Wabtec during the 2nd quarter worth approximately $256,000. Resona Asset Management Co. Ltd. raised its stake in shares of Wabtec by 3.7% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 55,584 shares of the transportation company’s stock worth $11,622,000 after buying an additional 2,001 shares during the period. SouthState Corp lifted its position in shares of Wabtec by 34.5% during the 2nd quarter. SouthState Corp now owns 604 shares of the transportation company’s stock valued at $126,000 after buying an additional 155 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. purchased a new position in shares of Wabtec during the 2nd quarter valued at approximately $2,235,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Activity at Wabtec

In other Wabtec news, insider Rogerio Mendonca sold 3,500 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $264.21, for a total transaction of $924,735.00. Following the transaction, the insider owned 10,101 shares of the company’s stock, valued at approximately $2,668,785.21. The trade was a 25.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Fetsko sold 5,058 shares of the company’s 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 owned 36,882 shares of the company’s stock, valued at approximately $7,956,185.04. The trade was a 12.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 33,192 shares of company stock valued at $8,379,272 in the last three months. Company insiders own 1.10% of the company’s stock.

Wabtec Price Performance

Shares of NYSE WAB opened at $244.16 on Friday. The firm has a 50-day simple moving average of $239.58 and a 200-day simple moving average of $214.61. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $41.63 billion, a price-to-earnings ratio of 35.75, a price-to-earnings-growth ratio of 1.85 and a beta of 0.99. Wabtec has a 52 week low of $151.81 and a 52 week high of $266.27.

Wabtec (NYSE:WAB) last posted its quarterly earnings results on Wednesday, February 11th. The transportation company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.86 billion. During the same period in the previous year, the business posted $1.68 earnings per share. Wabtec’s quarterly revenue was up 14.8% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, equities analysts predict that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec announced that its board has initiated a stock repurchase program on Wednesday, February 11th that allows the company to buyback $1.20 billion in shares. This buyback authorization allows the transportation company to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wabtec Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.31 per share. The ex-dividend date was 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 payout ratio is presently 18.16%.

Analysts Set New Price Targets

A number of research firms recently issued reports on WAB. Bank of America lifted their price target 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. Wolfe Research raised shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price objective on the stock in a report on Thursday, January 8th. Citigroup increased their price objective on shares of Wabtec from $258.00 to $283.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Wells Fargo & Company boosted their target price on shares of Wabtec from $224.00 to $270.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Wabtec from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Wabtec has an average rating of “Moderate Buy” and an average target price 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.