Wabtec $WAB Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC increased its holdings in Wabtec (NYSE:WAB) by 8.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 43,439 shares of the transportation company’s stock after buying an additional 3,529 shares during the period. Kestra Advisory Services LLC’s holdings in Wabtec were worth $10,856,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of WAB. Clal Insurance Enterprises Holdings Ltd lifted its stake in Wabtec by 125.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 73 shares during the period. Manchester Capital Management LLC increased its stake in shares of Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after acquiring an additional 72 shares during the period. McMillan Office Inc. acquired a new stake in shares of Wabtec in the fourth quarter worth $31,000. Reflection Asset Management purchased a new position in shares of Wabtec during the fourth quarter worth $35,000. Finally, BOKF NA lifted its position in Wabtec by 66.7% during the fourth quarter. BOKF NA now owns 175 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 70 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wabtec Price Performance

NYSE:WAB opened at $261.50 on Monday. Wabtec has a 52 week low of $184.26 and a 52 week high of $284.91. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $44.37 billion, a PE ratio of 36.99, a price-to-earnings-growth ratio of 1.87 and a beta of 0.94. The stock’s 50-day moving average price is $264.85 and its 200-day moving average price is $251.57.

Wabtec (NYSE:WAB) last issued its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.09. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.Wabtec’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, equities analysts expect that Wabtec will post 10.61 EPS for the current fiscal year.

Wabtec Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 22nd were given a $0.31 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is 17.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WAB shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $318.00 price target on shares of Wabtec in a report on Monday, April 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a report on Monday, April 20th. Rothschild & Co Redburn upgraded Wabtec from a “neutral” rating to a “buy” rating and upped their target price for the stock from $262.00 to $285.00 in a research note on Thursday, March 26th. Wolfe Research reaffirmed an “outperform” rating and set a $303.00 target price on shares of Wabtec in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. reduced their price target on Wabtec from $290.00 to $280.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Wabtec presently has an average rating of “Moderate Buy” and a consensus price target of $289.82.

Insider Transactions at Wabtec

In related news, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $262.07, for a total value of $304,787.41. Following the sale, the chief executive officer directly owned 122,914 shares in the company, valued at approximately $32,212,071.98. The trade was a 0.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the transaction, the insider directly owned 11,985 shares of the company’s stock, valued at $3,158,047.50. The trade was a 8.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 66,586 shares of company stock valued at $17,867,065 in the last three months. Corporate insiders own 0.57% of the company’s stock.

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.