Wabtec $WAB Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its position in shares of Wabtec (NYSE:WAB) by 12.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,370 shares of the transportation company’s stock after selling 2,093 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Wabtec were worth $3,067,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC grew its position in Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after buying an additional 72 shares during the period. McMillan Office Inc. acquired a new stake in Wabtec during the fourth quarter valued at $31,000. BOKF NA grew 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 buying an additional 70 shares during the period. FNY Investment Advisers LLC acquired a new stake in Wabtec during the fourth quarter valued at $42,000. Finally, Westfuller Advisors LLC grew its position in Wabtec by 83.2% during the fourth quarter. Westfuller Advisors LLC now owns 207 shares of the transportation company’s stock valued at $44,000 after buying an additional 94 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Stock Performance

NYSE:WAB opened at $265.71 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $261.83 and its 200-day moving average price is $242.42. Wabtec has a twelve month low of $184.26 and a twelve month high of $275.84. The company has a market cap of $45.09 billion, a P/E ratio of 37.58, a P/E/G ratio of 1.86 and a beta of 0.94.

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

Wabtec declared that its Board of Directors has approved a share repurchase program on Wednesday, February 11th that permits the company to buyback $1.20 billion in outstanding shares. This buyback authorization permits the transportation company to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. Wabtec’s payout ratio is 17.54%.

Insider Transactions at Wabtec

In other Wabtec news, EVP Gina Trombley sold 4,013 shares of Wabtec stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $241.87, for a total transaction of $970,624.31. Following the transaction, the executive vice president directly owned 13,841 shares of the company’s stock, valued at $3,347,722.67. The trade was a 22.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rafael Santana sold 60,852 shares of Wabtec stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total transaction of $16,362,494.28. Following the transaction, the chief executive officer directly owned 128,729 shares in the company, valued at $34,613,940.81. This trade represents a 32.10% 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 68,354 shares of company stock worth $18,247,795 over the last ninety days. 0.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

WAB has been the topic of several analyst reports. Rothschild & Co Redburn upgraded shares of Wabtec from a “neutral” rating to a “buy” rating and raised their price target for the company from $262.00 to $285.00 in a research report on Thursday, March 26th. Wolfe Research reaffirmed an “outperform” rating and set a $303.00 price objective on shares of Wabtec in a report on Thursday, April 23rd. Susquehanna reaffirmed a “positive” rating and set a $305.00 price objective on shares of Wabtec in a report on Thursday, April 23rd. KeyCorp increased their price objective on shares of Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, Wells Fargo & Company increased their price objective on shares of Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $289.82.

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.