CreativeOne Wealth LLC Has $1.72 Million Position in Wabtec $WAB

CreativeOne Wealth LLC cut its position in shares of Wabtec (NYSE:WAB) by 35.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,591 shares of the transportation company’s stock after selling 4,766 shares during the quarter. CreativeOne Wealth LLC’s holdings in Wabtec were worth $1,722,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC grew its holdings in shares of Wabtec by 240.8% in the 2nd quarter. Empowered Funds LLC now owns 15,924 shares of the transportation company’s stock valued at $3,334,000 after acquiring an additional 11,252 shares in the last quarter. Varenne Capital Partners raised its holdings in Wabtec by 39.5% during the second quarter. Varenne Capital Partners now owns 277,078 shares of the transportation company’s stock worth $58,006,000 after acquiring an additional 78,394 shares in the last quarter. Varma Mutual Pension Insurance Co raised its holdings in Wabtec by 9.1% during the third quarter. Varma Mutual Pension Insurance Co now owns 47,924 shares of the transportation company’s stock worth $9,607,000 after acquiring an additional 4,000 shares in the last quarter. Quantbot Technologies LP acquired a new position in Wabtec during the second quarter valued at approximately $9,371,000. Finally, Mediolanum International Funds Ltd acquired a new position in Wabtec during the second quarter valued at approximately $8,201,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Activity

In other news, insider Rogerio Mendonca sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $264.21, for a total transaction of $924,735.00. Following the completion of the sale, the insider owned 10,101 shares in the company, valued at approximately $2,668,785.21. This trade represents a 25.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nalin Jain sold 7,936 shares of Wabtec stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $264.09, for a total transaction of $2,095,818.24. Following the sale, the insider directly owned 6,364 shares of the company’s stock, valued at $1,680,668.76. The trade was a 55.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 33,192 shares of company stock valued at $8,379,272. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on WAB. Morgan Stanley reaffirmed an “overweight” rating and set a $315.00 price target on shares of Wabtec in a research report on Tuesday, February 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a report on Wednesday, January 21st. KeyCorp raised their target price on shares of Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a research note 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 report on Friday, February 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $269.00.

Wabtec Price Performance

Shares of NYSE WAB opened at $246.53 on Wednesday. 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 business’s 50 day moving average price is $240.77 and its two-hundred day moving average price is $215.52. The company has a market cap of $42.04 billion, a PE ratio of 36.09, a price-to-earnings-growth ratio of 1.86 and a beta of 0.99. Wabtec has a twelve month low of $151.81 and a twelve month high of $266.27.

Wabtec (NYSE:WAB) last released its quarterly earnings data 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. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The business’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm posted $1.68 earnings per share. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, analysts predict that Wabtec will post 8.54 EPS for the current year.

Wabtec announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 11th that authorizes the company to buyback $1.20 billion in shares. This buyback authorization authorizes the transportation company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Wabtec Increases Dividend

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

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.