Leonteq Securities AG Makes New $539,000 Investment in Wabtec $WAB

Leonteq Securities AG bought a new position in Wabtec (NYSE:WAB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,526 shares of the transportation company’s stock, valued at approximately $539,000.

Other institutional investors also recently modified their holdings of the company. BOKF NA raised its stake in shares of Wabtec by 66.7% in the fourth quarter. BOKF NA now owns 175 shares of the transportation company’s stock worth $37,000 after acquiring an additional 70 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Wabtec in the fourth quarter worth about $42,000. Root Financial Partners LLC acquired a new stake in shares of Wabtec during the 3rd quarter worth approximately $44,000. Westfuller Advisors LLC grew its position in shares of Wabtec by 83.2% during the 4th quarter. Westfuller Advisors LLC now owns 207 shares of the transportation company’s stock worth $44,000 after buying an additional 94 shares during the period. Finally, Steigerwald Gordon & Koch Inc. grew its position in shares of Wabtec by 258.3% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 215 shares of the transportation company’s stock worth $46,000 after buying an additional 155 shares during the period. 91.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WAB. Citigroup lifted their price target on shares of Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. KeyCorp lifted their price target on shares of Wabtec from $240.00 to $308.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Wells Fargo & Company lifted their price target on shares of Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Stephens lifted their price target on shares of Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $289.82.

Wabtec Stock Up 0.7%

Shares of NYSE:WAB opened at $257.00 on Friday. Wabtec has a one year low of $184.26 and a one year high of $275.84. The company has a 50 day moving average of $256.87 and a 200-day moving average of $237.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54. The stock has a market cap of $43.61 billion, a price-to-earnings ratio of 36.35, a P/E/G ratio of 1.83 and a beta of 0.97.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, sell-side analysts forecast that Wabtec will post 10.61 earnings per share for the current year.

Wabtec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, May 22nd. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. Wabtec’s payout ratio is currently 17.54%.

Wabtec declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 11th that permits the company to buyback $1.20 billion in 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 an indication that the company’s board believes its shares are undervalued.

Insider Activity

In related news, CFO John A. Olin sold 11,000 shares of the business’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 completion of the transaction, the chief financial officer owned 60,487 shares in the company, valued at approximately $15,926,227.10. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nalin Jain sold 7,936 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $264.09, for a total transaction of $2,095,818.24. Following the transaction, the insider owned 6,364 shares of the company’s stock, valued at approximately $1,680,668.76. This represents a 55.50% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 87,277 shares of company stock valued at $23,216,740. 0.57% 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.