Mackenzie Financial Corp Sells 252,777 Shares of Wabtec $WAB

Mackenzie Financial Corp lowered its stake in shares of Wabtec (NYSE:WAB) by 44.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 314,918 shares of the transportation company’s stock after selling 252,777 shares during the period. Mackenzie Financial Corp owned approximately 0.18% of Wabtec worth $63,132,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Colonial Trust Advisors grew its stake in shares of Wabtec by 454.5% in the 2nd quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock valued at $26,000 after buying an additional 100 shares during the period. Piscataqua Savings Bank boosted its holdings in Wabtec by 12,800.0% in the third quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock worth $26,000 after acquiring an additional 128 shares in the last quarter. Motco boosted its holdings in Wabtec by 6,600.0% in the third quarter. Motco now owns 134 shares of the transportation company’s stock worth $27,000 after acquiring an additional 132 shares in the last quarter. Salomon & Ludwin LLC grew its stake in Wabtec by 370.6% in the third quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 126 shares during the period. Finally, North Capital Inc. grew 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. Institutional investors own 91.69% of the company’s stock.

Wabtec Price Performance

WAB opened at $240.29 on Friday. The firm has a market cap of $40.97 billion, a P/E ratio of 35.18, a PEG ratio of 1.86 and a beta of 0.99. The firm has a 50-day moving average of $241.96 and a 200 day moving average of $215.90. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 1.11. Wabtec has a fifty-two week low of $151.81 and a fifty-two week high of $266.27.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, topping the consensus estimate of $2.08 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.86 billion. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.68 earnings per share. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, research analysts expect that Wabtec will post 8.54 EPS for the current year.

Wabtec Increases Dividend

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

Wabtec announced that its board has approved a stock buyback plan on Wednesday, February 11th that allows the company to buyback $1.20 billion in outstanding shares. This buyback authorization allows the transportation company to repurchase up to 2.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WAB. Morgan Stanley reissued an “overweight” rating and issued a $315.00 price target on shares of Wabtec in a research report on Tuesday, February 17th. Wells Fargo & Company raised their price objective 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. KeyCorp lifted 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. Wolfe Research raised shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 target price for the company in a research report on Thursday, January 8th. Finally, Wall Street Zen upgraded shares of Wabtec from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $269.00.

Insiders Place Their Bets

In other Wabtec news, CEO Rafael Santana sold 1,798 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $245.71, for a total value of $441,786.58. Following the sale, the chief executive officer directly owned 118,749 shares in the company, valued at $29,177,816.79. The trade was a 1.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John A. Olin sold 11,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were 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 disclosure for this sale is available in the SEC filing. Insiders have sold 29,297 shares of company stock valued at $7,570,885 in the last quarter. 1.10% of the stock is currently owned by company insiders.

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.