BDFS Capital LLC Invests $426,000 in Wabtec $WAB

BDFS Capital LLC purchased a new position in Wabtec (NYSE:WAB) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,997 shares of the transportation company’s stock, valued at approximately $426,000.

Several other hedge funds have also recently bought and sold shares of WAB. Manchester Capital Management LLC boosted its position in Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 72 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after buying an additional 73 shares in the last quarter. McMillan Office Inc. purchased a new position in shares of Wabtec in the fourth quarter valued at $31,000. BOKF NA raised its stake in shares of Wabtec by 66.7% during the 4th quarter. BOKF NA now owns 175 shares of the transportation company’s stock worth $37,000 after buying an additional 70 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Wabtec during the 4th quarter worth $42,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on WAB shares. Wolfe Research reissued an “outperform” rating and issued a $303.00 price objective on shares of Wabtec in a research note on Thursday, April 23rd. Jefferies Financial Group restated a “buy” rating and set a $290.00 target price (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. JPMorgan Chase & Co. reduced their price target on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research note on Monday, April 20th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $289.82.

Insiders Place Their Bets

In related news, insider Sameer Gaur sold 1,082 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $263.50, for a total value of $285,107.00. Following the completion of the transaction, the insider directly owned 11,985 shares in the company, valued at approximately $3,158,047.50. This represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rafael Santana sold 60,852 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total value of $16,362,494.28. Following the transaction, the chief executive officer owned 128,729 shares in the company, valued at $34,613,940.81. This trade represents a 32.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 65,423 shares of company stock worth $17,562,278. Corporate insiders own 0.57% of the company’s stock.

Wabtec Stock Up 1.0%

WAB opened at $274.49 on Friday. The firm has a market cap of $46.58 billion, a P/E ratio of 38.82, a PEG ratio of 1.94 and a beta of 0.94. The business’s fifty day simple moving average is $264.02 and its 200 day simple moving average is $245.55. Wabtec has a 52 week low of $184.26 and a 52 week high of $278.39. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42.

Wabtec (NYSE:WAB) last announced its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.09. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the previous year, the company posted $2.28 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, equities research analysts anticipate that Wabtec will post 10.61 EPS for the current fiscal year.

Wabtec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd were issued a $0.31 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.24 annualized dividend and a yield of 0.5%. Wabtec’s payout ratio is 17.54%.

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.