Vista Investment Partners LLC Takes Position in Wabtec $WAB

Vista Investment Partners LLC bought a new position in Wabtec (NYSE:WAB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,440 shares of the transportation company’s stock, valued at approximately $521,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wellington Management Group LLP increased its holdings in Wabtec by 3.6% in the 3rd quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock valued at $662,390,000 after acquiring an additional 116,329 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Wabtec by 55.5% during the 4th quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock valued at $659,939,000 after purchasing an additional 1,095,083 shares during the last quarter. Boston Partners boosted its holdings in shares of Wabtec by 1.9% during the 3rd quarter. Boston Partners now owns 2,304,832 shares of the transportation company’s stock valued at $462,057,000 after purchasing an additional 43,376 shares during the last quarter. Farallon Capital Management LLC grew its position in shares of Wabtec by 68.6% during the third quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company’s stock valued at $442,056,000 after purchasing an additional 896,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Wabtec by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,718,241 shares of the transportation company’s stock valued at $344,405,000 after purchasing an additional 19,952 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling

In related news, insider Sameer Gaur sold 1,150 shares of Wabtec stock in a transaction dated 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 transaction, the insider directly owned 12,017 shares of the company’s stock, valued at approximately $3,155,904.54. The trade was a 8.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John A. Olin sold 11,000 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $263.30, for a total transaction of $2,896,300.00. Following the transaction, the chief financial officer owned 60,487 shares in the company, valued at $15,926,227.10. The trade was a 15.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 31,512 shares of company stock valued at $8,160,028 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley reissued an “overweight” rating and set a $315.00 price target on shares of Wabtec in a research note on Tuesday, February 17th. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Wolfe Research upgraded Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 target price for the company in a research report on Thursday, January 8th. JPMorgan Chase & Co. raised their target price on shares of Wabtec from $215.00 to $245.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $290.00 price target (down from $300.00) on shares of Wabtec in a research report on Tuesday. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Wabtec currently has a consensus rating of “Moderate Buy” and an average target price of $272.08.

Wabtec Trading Up 2.6%

WAB opened at $256.51 on Thursday. The stock has a 50-day moving average of $246.85 and a 200 day moving average of $220.93. 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 12 month low of $151.81 and a 12 month high of $266.27. The firm has a market cap of $43.74 billion, a P/E ratio of 37.56, a P/E/G ratio of 1.89 and a beta of 0.99.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, February 11th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. The business had revenue of $2.97 billion for 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 company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.68 earnings per share. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. As a group, research analysts forecast that Wabtec will post 8.54 EPS for the current year.

Wabtec declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 11th that allows the company to buyback $1.20 billion in shares. This buyback authorization allows the transportation company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Wabtec Increases Dividend

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

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.