Junto Capital Management LP Makes New Investment in Wabtec $WAB

Junto Capital Management LP bought a new position in Wabtec (NYSE:WAB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 399,858 shares of the transportation company’s stock, valued at approximately $80,160,000. Wabtec makes up approximately 1.6% of Junto Capital Management LP’s portfolio, making the stock its 25th largest holding. Junto Capital Management LP owned 0.23% of Wabtec as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Colonial Trust Advisors grew its stake in Wabtec by 454.5% in the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Piscataqua Savings Bank lifted its position in Wabtec by 12,800.0% during the third quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock valued at $26,000 after buying an additional 128 shares during the period. Motco boosted its holdings in shares of Wabtec by 6,600.0% during the 3rd quarter. Motco now owns 134 shares of the transportation company’s stock valued at $27,000 after buying an additional 132 shares in the last quarter. Salomon & Ludwin LLC boosted its holdings in shares of 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 buying an additional 126 shares in the last quarter. Finally, North Capital Inc. grew its position 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 worth $38,000 after buying an additional 189 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

WAB has been the subject of a number of recent research reports. Stephens lifted their price target on shares of Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Susquehanna set a $300.00 target price on shares of Wabtec in a research note on Thursday, February 12th. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a report on Saturday. Wolfe Research upgraded 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, Morgan Stanley reiterated an “overweight” rating and set a $315.00 price objective on shares of Wabtec in a research note on Tuesday, February 17th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Wabtec presently has a consensus rating of “Moderate Buy” and a consensus target price of $269.00.

Insider Transactions at Wabtec

In other Wabtec news, CFO John A. Olin sold 11,000 shares of Wabtec stock in a transaction that occurred on 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 sale, the chief financial officer owned 60,487 shares of the company’s stock, valued at approximately $15,926,227.10. The trade was a 15.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $243.10, for a total value of $282,725.30. Following the transaction, the chief executive officer owned 190,744 shares in the company, valued at $46,369,866.40. The trade was a 0.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,310 shares of company stock valued at $8,541,509 over the last 90 days. Insiders own 1.10% of the company’s stock.

Wabtec Stock Performance

NYSE:WAB opened at $236.60 on Monday. 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 firm has a market cap of $40.34 billion, a price-to-earnings ratio of 34.64, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. The firm’s fifty day moving average price is $242.37 and its 200 day moving average price is $216.49. Wabtec has a 1-year low of $151.81 and a 1-year high of $266.27.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 10.48% and a return on equity of 14.12%. Wabtec’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.68 EPS. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, sell-side analysts expect that Wabtec will post 8.54 EPS for the current year.

Wabtec Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a $0.31 dividend. The ex-dividend date was Tuesday, February 17th. 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 yield of 0.5%. Wabtec’s payout ratio is 18.16%.

Wabtec announced that its board has approved a share repurchase plan on Wednesday, February 11th that allows the company to repurchase $1.20 billion in shares. This repurchase authorization allows the transportation company to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Wabtec Company 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.