Wabtec $WAB is Hahn Capital Management LLC’s Largest Position

Hahn Capital Management LLC lessened its position in Wabtec (NYSE:WAB) by 17.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,795 shares of the transportation company’s stock after selling 9,212 shares during the quarter. Wabtec accounts for 7.0% of Hahn Capital Management LLC’s portfolio, making the stock its largest position. Hahn Capital Management LLC’s holdings in Wabtec were worth $11,195,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in Wabtec by 20.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock worth $1,700,238,000 after purchasing an additional 1,344,744 shares during the period. State Street Corp boosted its position in shares of Wabtec by 2.6% during the fourth quarter. State Street Corp now owns 7,658,040 shares of the transportation company’s stock valued at $1,634,609,000 after buying an additional 197,610 shares during the period. Geode Capital Management LLC grew its stake in shares of Wabtec by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company’s stock valued at $928,249,000 after buying an additional 38,029 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Wabtec by 3.6% in the third quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock worth $662,390,000 after buying an additional 116,329 shares during the period. Finally, Nordea Investment Management AB lifted its stake 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 worth $659,939,000 after acquiring an additional 1,095,083 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WAB has been the topic of a number of recent analyst reports. Stephens upgraded Wabtec to a “strong-buy” rating in a research note on Wednesday, July 8th. Rothschild & Co Redburn upgraded shares of Wabtec from a “neutral” rating to a “buy” rating and upped their price target for the stock from $262.00 to $285.00 in a report on Thursday, March 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research note on Monday, April 20th. Susquehanna reiterated a “positive” rating and set a $305.00 price objective on shares of Wabtec in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Wabtec from $290.00 to $300.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Wabtec currently has a consensus rating of “Moderate Buy” and a consensus price target of $293.36.

Insiders Place Their Bets

In other Wabtec news, insider Sameer Gaur sold 1,082 shares of Wabtec stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $263.50, for a total value of $285,107.00. Following the transaction, the insider owned 11,985 shares in the company, valued at $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $262.07, for a total transaction of $304,787.41. Following the completion of the transaction, the chief executive officer owned 122,914 shares of the company’s stock, valued at $32,212,071.98. This represents a 0.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,734 shares of company stock valued at $1,504,571 over the last 90 days. 0.57% of the stock is currently owned by company insiders.

Wabtec Trading Down 0.1%

NYSE:WAB opened at $261.85 on Monday. Wabtec has a one year low of $184.26 and a one year high of $284.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. The firm has a market cap of $44.43 billion, a P/E ratio of 37.04, a P/E/G ratio of 1.87 and a beta of 0.94. The firm has a 50-day simple moving average of $264.30 and a 200-day simple moving average of $253.08.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Equities analysts anticipate that Wabtec will post 10.64 EPS for the current fiscal year.

Wabtec Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec’s payout ratio is presently 17.54%.

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.