Leeward Investments LLC MA decreased its stake in shares of Wabtec (NYSE:WAB – Free Report) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,874 shares of the transportation company’s stock after selling 2,888 shares during the quarter. Leeward Investments LLC MA’s holdings in Wabtec were worth $10,432,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in WAB. Guggenheim Capital LLC lifted its position in Wabtec by 7.4% during the second quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company’s stock worth $1,034,000 after buying an additional 342 shares in the last quarter. Bank of Nova Scotia lifted its position in Wabtec by 0.5% during the second quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company’s stock worth $3,745,000 after buying an additional 97 shares in the last quarter. Nebula Research & Development LLC lifted its position in Wabtec by 208.7% during the second quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock worth $1,128,000 after buying an additional 3,641 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in Wabtec by 11.6% during the second quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company’s stock worth $19,281,000 after buying an additional 9,545 shares in the last quarter. Finally, Ieq Capital LLC lifted its position in Wabtec by 19.2% during the second quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company’s stock worth $6,354,000 after buying an additional 4,889 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.
Insider Activity at Wabtec
In other Wabtec news, insider Sameer Gaur sold 1,150 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $262.62, for a total transaction of $302,013.00. Following the completion of the sale, the insider owned 12,017 shares of the company’s stock, valued at $3,155,904.54. This trade represents a 8.73% 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, EVP Gina Trombley sold 4,013 shares of Wabtec stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $241.87, for a total value of $970,624.31. Following the completion of the sale, 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 SEC filing for this sale provides additional information. Insiders have sold 91,729 shares of company stock valued at $24,387,500 over the last 90 days. Corporate insiders own 0.57% of the company’s stock.
Wabtec Price Performance
Wabtec (NYSE:WAB – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.09. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, research analysts anticipate that Wabtec will post 10.61 earnings per share for the current year.
Wabtec announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 11th that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the transportation company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
Wabtec Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.24 annualized dividend and a yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is 17.54%.
Analyst Ratings Changes
WAB has been the topic of a number of analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $318.00 price objective on shares of Wabtec in a research report on Monday, April 27th. Citigroup lifted their price objective on Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Stephens lifted their price objective on Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Wells Fargo & Company lifted their price objective on Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research report on Monday, April 20th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $289.82.
View Our Latest Research Report on Wabtec
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.
Read More
- Five stocks we like better than Wabtec
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Want to see what other hedge funds are holding WAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wabtec (NYSE:WAB – Free Report).
Receive News & Ratings for Wabtec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabtec and related companies with MarketBeat.com's FREE daily email newsletter.
