Wealth Enhancement Advisory Services LLC Has $4.80 Million Stock Position in Wabtec $WAB

Wealth Enhancement Advisory Services LLC lifted its position in Wabtec (NYSE:WAB) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,685 shares of the transportation company’s stock after acquiring an additional 2,970 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Wabtec were worth $4,802,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. CI Investments Inc. lifted its position in shares of Wabtec by 6.1% in the 3rd quarter. CI Investments Inc. now owns 865 shares of the transportation company’s stock valued at $173,000 after acquiring an additional 50 shares in the last quarter. Quadrant Capital Group LLC grew its position in Wabtec by 1.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 4,082 shares of the transportation company’s stock worth $818,000 after purchasing an additional 54 shares in the last quarter. Wedmont Private Capital raised its stake in Wabtec by 2.6% during the 3rd quarter. Wedmont Private Capital now owns 2,246 shares of the transportation company’s stock valued at $444,000 after purchasing an additional 56 shares during the period. OFI Invest Asset Management raised its stake in Wabtec by 10.0% during the 3rd quarter. OFI Invest Asset Management now owns 625 shares of the transportation company’s stock valued at $125,000 after purchasing an additional 57 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Wabtec by 6.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the transportation company’s stock valued at $204,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Price Performance

WAB opened at $241.30 on Monday. The stock has a fifty day moving average price of $245.78 and a 200 day moving average price of $219.93. The company has a current ratio of 1.11, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. Wabtec has a 1 year low of $151.81 and a 1 year high of $266.27. The stock has a market cap of $41.15 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 1.82 and a beta of 0.99.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, February 11th. The transportation company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.68 EPS. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Analysts forecast that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec declared that its Board of Directors has approved a share buyback plan on Wednesday, February 11th that authorizes the company to buyback $1.20 billion in outstanding shares. This buyback authorization authorizes the transportation company to buy up to 2.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Wabtec Increases Dividend

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

Insider Transactions at Wabtec

In other Wabtec news, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $243.10, for a total value of $282,725.30. Following the completion of the sale, the chief executive officer directly owned 190,744 shares in the company, valued at $46,369,866.40. The trade was a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nalin Jain sold 7,936 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 6,364 shares of the company’s stock, valued at $1,680,668.76. This represents a 55.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 31,512 shares of company stock valued at $8,160,028. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WAB shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, January 21st. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Wells Fargo & Company raised their price objective on Wabtec from $224.00 to $270.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Citigroup lifted their target price on Wabtec from $258.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Wolfe Research upgraded Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 target price on the stock in a report on Thursday, January 8th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wabtec currently has an average rating of “Moderate Buy” and a consensus target price of $270.45.

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.