Wabtec $WAB Holdings Decreased by Moran Wealth Management LLC

Moran Wealth Management LLC reduced its position in shares of Wabtec (NYSE:WAB) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,695 shares of the transportation company’s stock after selling 3,128 shares during the period. Moran Wealth Management LLC’s holdings in Wabtec were worth $15,090,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in WAB. Piscataqua Savings Bank raised its holdings in shares of Wabtec by 12,800.0% during the third quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock worth $26,000 after purchasing an additional 128 shares during the period. Motco raised its stake in Wabtec by 6,600.0% during the third quarter. Motco now owns 134 shares of the transportation company’s stock worth $27,000 after acquiring an additional 132 shares during the period. Salomon & Ludwin LLC lifted its holdings in Wabtec by 370.6% in the third quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock worth $32,000 after acquiring an additional 126 shares during the last quarter. North Capital Inc. boosted its stake in Wabtec by 18,900.0% in the third quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 189 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in shares of Wabtec during the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Activity at Wabtec

In related news, CFO John A. Olin sold 11,000 shares of the firm’s stock in a transaction that occurred on 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. This trade represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rafael Santana sold 60,852 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total value of $16,362,494.28. Following the sale, the chief executive officer directly owned 128,729 shares in the company, valued at approximately $34,613,940.81. The trade was a 32.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 92,364 shares of company stock worth $24,522,522 in the last three months. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

WAB has been the topic of a number of research reports. Morgan Stanley reiterated an “overweight” rating and set a $315.00 price target on shares of Wabtec in a research report on Tuesday, February 17th. Citigroup upped their price objective on Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Rothschild & Co Redburn raised Wabtec from a “neutral” rating to a “buy” rating and increased their target price for the stock from $262.00 to $285.00 in a research report on Thursday, March 26th. Susquehanna set a $300.00 target price on Wabtec in a research note on Thursday, February 12th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $290.00 price target (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $275.75.

Wabtec Stock Performance

Shares of NYSE WAB opened at $263.71 on Friday. Wabtec has a 12-month low of $165.17 and a 12-month high of $275.84. The company has a market cap of $44.87 billion, a PE ratio of 38.61, a P/E/G ratio of 1.92 and a beta of 0.99. The stock has a 50 day simple moving average of $253.34 and a 200-day simple moving average of $226.52. 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 (NYSE:WAB) last announced its earnings results on Wednesday, February 11th. The transportation company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.02. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the previous year, the business earned $1.68 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, equities 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 repurchase plan 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 stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Wabtec Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Wabtec’s previous quarterly dividend of $0.25. Wabtec’s dividend payout ratio is 18.16%.

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.