Aptus Capital Advisors LLC Sells 3,187 Shares of Wabtec $WAB

Aptus Capital Advisors LLC reduced its position in shares of Wabtec (NYSE:WAB) by 60.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,104 shares of the transportation company’s stock after selling 3,187 shares during the period. Aptus Capital Advisors LLC’s holdings in Wabtec were worth $422,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Penserra Capital Management LLC lifted its holdings in Wabtec by 9.9% in the 2nd quarter. Penserra Capital Management LLC now owns 933 shares of the transportation company’s stock worth $195,000 after buying an additional 84 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of Wabtec by 24.5% during the second quarter. Los Angeles Capital Management LLC now owns 7,504 shares of the transportation company’s stock valued at $1,571,000 after buying an additional 1,478 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Wabtec by 7.3% during the second quarter. Parkside Financial Bank & Trust now owns 797 shares of the transportation company’s stock valued at $167,000 after buying an additional 54 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Wabtec during the second quarter valued at approximately $2,542,000. Finally, Profund Advisors LLC raised its holdings in shares of Wabtec by 31.1% during the second quarter. Profund Advisors LLC now owns 2,409 shares of the transportation company’s stock valued at $504,000 after acquiring an additional 571 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wabtec Stock Down 0.2%

NYSE:WAB opened at $246.53 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.11 and a quick ratio of 0.57. The firm’s 50-day moving average price is $240.77 and its 200-day moving average price is $215.52. The company has a market capitalization of $42.04 billion, a PE ratio of 36.09, a P/E/G ratio of 1.86 and a beta of 0.99. Wabtec has a 1-year low of $151.81 and a 1-year high of $266.27.

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 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 company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same period last year, the company posted $1.68 EPS. Wabtec’s 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 EPS for the current fiscal year.

Wabtec Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, February 17th. This is an increase from Wabtec’s previous quarterly dividend of $0.25. Wabtec’s dividend payout ratio (DPR) is currently 18.16%.

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

Analysts Set New Price Targets

Several research firms recently weighed in on WAB. KeyCorp lifted their price target on shares of Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Susquehanna set a $300.00 price objective on shares of Wabtec in a report on Thursday, February 12th. Bank of America lifted 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. JPMorgan Chase & Co. increased their price target on shares of Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $269.00.

Insider Activity at Wabtec

In other Wabtec news, CFO John A. Olin sold 11,000 shares of Wabtec stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $263.30, for a total transaction of $2,896,300.00. Following the completion of the transaction, the chief financial officer owned 60,487 shares in the company, valued at approximately $15,926,227.10. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rafael Santana sold 1,798 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $245.71, for a total value of $441,786.58. Following the completion of the sale, the chief executive officer directly owned 118,749 shares in the company, valued at approximately $29,177,816.79. This represents a 1.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,192 shares of company stock worth $8,379,272 over the last quarter. 1.10% of the stock is currently owned by company insiders.

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.