Silvant Capital Management LLC Has $6.75 Million Stake in Wabtec $WAB

Silvant Capital Management LLC reduced its position in Wabtec (NYSE:WAB) by 8.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,683 shares of the transportation company’s stock after selling 3,186 shares during the quarter. Silvant Capital Management LLC’s holdings in Wabtec were worth $6,752,000 at the end of the most recent quarter.

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

Insider Transactions at Wabtec

In other news, insider Sameer Gaur sold 1,150 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $262.62, for a total transaction of $302,013.00. Following the completion of the sale, the insider directly owned 12,017 shares in the company, valued at $3,155,904.54. This represents a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John A. Olin sold 11,000 shares of Wabtec stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $263.30, for a total value of $2,896,300.00. Following the completion of the transaction, the chief financial officer directly owned 60,487 shares of the company’s stock, valued at approximately $15,926,227.10. This trade represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 33,192 shares of company stock worth $8,379,272. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WAB. Wall Street Zen upgraded Wabtec from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. upped their price objective on Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. KeyCorp lifted their target price on Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Morgan Stanley reissued an “overweight” rating and set a $315.00 target price on shares of Wabtec in a research note on Tuesday, February 17th. Finally, Stephens increased 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. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Wabtec presently has an average rating of “Moderate Buy” and a consensus target price of $269.00.

Wabtec Stock Performance

Shares of WAB stock opened at $246.53 on Wednesday. The business’s 50-day moving average price is $240.77 and its 200-day moving average price is $215.52. Wabtec has a 12 month low of $151.81 and a 12 month high of $266.27. The firm has a market capitalization of $42.04 billion, a price-to-earnings ratio of 36.09, a PEG ratio of 1.86 and a beta of 0.99. 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 (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 the consensus estimate of $2.08 by $0.02. The company had revenue of $2.97 billion during 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 firm’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.68 earnings per share. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Equities research analysts forecast that Wabtec will post 8.54 EPS for the current year.

Wabtec announced that its board has authorized a stock repurchase plan 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 plans are typically an indication that the company’s management 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 paid a $0.31 dividend. This is a positive change from Wabtec’s previous quarterly dividend of $0.25. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, February 17th. Wabtec’s payout ratio is presently 18.16%.

About Wabtec

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.