Silvant Capital Management LLC Sells 3,186 Shares of Wabtec $WAB

Silvant Capital Management LLC trimmed its position in shares of Wabtec (NYSE:WAB) by 8.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,683 shares of the transportation company’s stock after selling 3,186 shares during the quarter. Silvant Capital Management LLC’s holdings in Wabtec were worth $6,752,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Colonial Trust Advisors lifted its holdings in shares of Wabtec by 454.5% in the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Piscataqua Savings Bank boosted its holdings in shares of Wabtec by 12,800.0% in the 3rd quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock worth $26,000 after buying an additional 128 shares during the last quarter. Motco grew its position in Wabtec by 6,600.0% during the third quarter. Motco now owns 134 shares of the transportation company’s stock valued at $27,000 after buying an additional 132 shares during the period. Salomon & Ludwin LLC grew its position in Wabtec by 370.6% during the third quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock valued at $32,000 after buying an additional 126 shares during the period. Finally, North Capital Inc. increased its holdings in Wabtec by 18,900.0% during the third quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock worth $38,000 after buying an additional 189 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Wabtec Price Performance

WAB stock opened at $246.53 on Wednesday. The firm has a 50 day moving average of $240.77 and a 200-day moving average of $215.52. The firm has a market capitalization of $42.04 billion, a P/E ratio of 36.09, a price-to-earnings-growth ratio of 1.86 and a beta of 0.99. Wabtec has a 12 month low of $151.81 and a 12 month high of $266.27. 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 posted its earnings results on Wednesday, February 11th. The transportation company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the prior year, the firm posted $1.68 EPS. Wabtec’s revenue was up 14.8% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. As a group, sell-side analysts predict that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec announced that its board has authorized a share buyback 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 reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Wabtec Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Wabtec’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, February 17th. Wabtec’s dividend payout ratio (DPR) is 18.16%.

Insider Buying and Selling at Wabtec

In other Wabtec news, CFO John A. Olin sold 11,000 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $263.30, for a total value of $2,896,300.00. Following the transaction, the chief financial officer directly owned 60,487 shares in the company, valued at $15,926,227.10. This represents a 15.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Fetsko sold 5,058 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $215.72, for a total transaction of $1,091,111.76. Following the completion of the transaction, the insider directly owned 36,882 shares in the company, valued at $7,956,185.04. The trade was a 12.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 33,192 shares of company stock valued at $8,379,272 over the last 90 days. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WAB. Wells Fargo & Company boosted their target price on shares of Wabtec from $224.00 to $270.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Citigroup raised their price target on shares of Wabtec from $258.00 to $283.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Bank of America upped their price objective on Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Wall Street Zen raised Wabtec from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. Finally, JPMorgan Chase & Co. increased their price target on Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $269.00.

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.