Y.D. More Investments Ltd Takes Position in Wabtec $WAB

Y.D. More Investments Ltd acquired a new position in shares of Wabtec (NYSE:WAB) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,977 shares of the transportation company’s stock, valued at approximately $1,276,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WAB. Piscataqua Savings Bank grew 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 purchasing an additional 128 shares during the last quarter. Motco lifted its holdings in shares of Wabtec by 6,600.0% during the 3rd quarter. Motco now owns 134 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 132 shares during the last quarter. Salomon & Ludwin LLC boosted its position in shares of Wabtec by 370.6% in the 3rd quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock worth $32,000 after purchasing an additional 126 shares in the last quarter. North Capital Inc. boosted its position in shares of Wabtec by 18,900.0% in the 3rd quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock worth $38,000 after purchasing an additional 189 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Wabtec during the 4th quarter worth $42,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wabtec Trading Up 0.0%

Shares of NYSE:WAB opened at $253.98 on Monday. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. Wabtec has a 52-week low of $151.81 and a 52-week high of $266.27. The stock has a market cap of $43.22 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 1.92 and a beta of 0.99. The business has a 50-day moving average price of $247.73 and a 200-day moving average price of $222.11.

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

Wabtec Increases Dividend

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

Wabtec announced 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 reacquire up to 2.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WAB. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. JPMorgan Chase & Co. increased their price objective on shares of Wabtec from $215.00 to $245.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Rothschild & Co Redburn upgraded shares of Wabtec from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $262.00 to $285.00 in a research note on Thursday, March 26th. Wells Fargo & Company boosted their target price on shares of Wabtec from $224.00 to $270.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Finally, Jefferies Financial Group restated a “buy” rating and set a $290.00 price target (down from $300.00) on shares of Wabtec in a research note on Tuesday, March 31st. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $272.08.

Insider Buying and Selling

In other Wabtec news, EVP Gina Trombley sold 4,013 shares of the company’s 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 sale, the executive vice president directly owned 13,841 shares of the company’s stock, valued at approximately $3,347,722.67. This represents a 22.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John A. Olin sold 11,000 shares of the 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 sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,512 shares of company stock valued at $8,160,028 in the last 90 days. 1.10% of the stock is currently owned by insiders.

About Wabtec

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.