15,520 Shares in Wabtec $WAB Acquired by LGT Capital Partners LTD.

LGT Capital Partners LTD. acquired a new stake in Wabtec (NYSE:WAB) during the third quarter, according to its most recent filing with the SEC. The firm acquired 15,520 shares of the transportation company’s stock, valued at approximately $3,111,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in WAB. Colonial Trust Advisors lifted its stake in shares of Wabtec by 454.5% during the second 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 period. Piscataqua Savings Bank increased its position in 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 purchasing an additional 128 shares during the period. Motco raised its holdings in Wabtec by 6,600.0% during the 3rd quarter. Motco now owns 134 shares of the transportation company’s stock worth $27,000 after purchasing an additional 132 shares during the last quarter. Salomon & Ludwin LLC lifted its position in Wabtec by 370.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 126 shares during the period. Finally, North Capital Inc. boosted its stake in shares of Wabtec by 18,900.0% in the 3rd quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 189 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WAB shares. Susquehanna set a $300.00 price target on shares of Wabtec in a research note on Thursday, February 12th. Stephens lifted their target price on shares of Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. KeyCorp upped their target price on shares of Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Wolfe Research raised Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price target on the stock in a research note on Thursday, January 8th. Finally, JPMorgan Chase & Co. raised their price target on Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Wabtec presently has an average rating of “Moderate Buy” and an average price target of $269.00.

Wabtec Trading Down 0.8%

WAB opened at $262.77 on Tuesday. The firm’s fifty day moving average is $231.97 and its two-hundred day moving average is $210.47. The firm has a market cap of $44.81 billion, a PE ratio of 38.47, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. Wabtec has a twelve month low of $151.81 and a twelve month high of $265.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 1.11.

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

Wabtec Increases Dividend

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

Wabtec declared that its Board of Directors has authorized a share buyback program on Wednesday, February 11th that authorizes the company to repurchase $1.20 billion in shares. This repurchase authorization authorizes the transportation company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Activity at Wabtec

In other Wabtec news, insider Michael Fetsko sold 5,058 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $215.72, for a total transaction of $1,091,111.76. Following the sale, the insider directly owned 36,882 shares in the company, valued at approximately $7,956,185.04. This trade represents a 12.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP David L. Deninno sold 5,000 shares of Wabtec stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $214.62, for a total transaction of $1,073,100.00. Following the completion of the transaction, the vice president directly owned 50,450 shares in the company, valued at approximately $10,827,579. The trade was a 9.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 20,125 shares of company stock valued at $4,591,336 over the last 90 days. Insiders own 1.10% of the company’s stock.

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.