Wabtec $WAB Shares Acquired by Channing Capital Management LLC

Channing Capital Management LLC boosted its holdings in Wabtec (NYSE:WAB) by 6.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,491 shares of the transportation company’s stock after purchasing an additional 5,664 shares during the quarter. Channing Capital Management LLC owned approximately 0.05% of Wabtec worth $18,341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Colonial Trust Advisors increased its stake in shares of Wabtec by 454.5% during the 2nd quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Piscataqua Savings Bank boosted its position in shares of Wabtec by 12,800.0% in the third quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock worth $26,000 after acquiring an additional 128 shares during the last quarter. Motco grew its holdings in Wabtec by 6,600.0% in the third quarter. Motco now owns 134 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 132 shares during the period. Salomon & Ludwin LLC increased its position in Wabtec by 370.6% during the third quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock worth $32,000 after purchasing an additional 126 shares during the last quarter. Finally, North Capital Inc. raised its stake in Wabtec by 18,900.0% during the third quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock worth $38,000 after purchasing an additional 189 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Wabtec

In other news, VP David L. Deninno sold 5,000 shares of Wabtec stock in a transaction dated 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 sale, the vice president directly owned 50,450 shares of the company’s stock, valued at approximately $10,827,579. The trade was a 9.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rogerio Mendonca sold 2,019 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $214.51, for a total value of $433,095.69. Following the completion of the transaction, the insider owned 9,516 shares in the company, valued at approximately $2,041,277.16. This trade represents a 17.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 16,625 shares of company stock worth $3,666,601. 1.10% of the stock is currently owned by insiders.

Wabtec Trading Up 1.1%

Shares of WAB opened at $264.70 on Friday. Wabtec has a 12 month low of $151.81 and a 12 month high of $265.88. The stock’s 50-day moving average is $231.02 and its two-hundred day moving average is $209.79. 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 stock has a market cap of $45.14 billion, a PE ratio of 38.76, a P/E/G ratio of 2.00 and a beta of 1.01.

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

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

Wabtec Increases Dividend

The company also recently announced 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. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. This is a boost from Wabtec’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, February 17th. Wabtec’s payout ratio is currently 18.16%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Wabtec from $224.00 to $270.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Bank of America boosted their price target on Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. JPMorgan Chase & Co. raised their price objective on Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Stephens lifted their price objective on Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Finally, Citigroup increased their target price on shares of Wabtec from $258.00 to $283.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.