Jupiter Asset Management Ltd. Boosts Stock Holdings in Wabtec $WAB

Jupiter Asset Management Ltd. increased its position in shares of Wabtec (NYSE:WAB) by 28.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 138,665 shares of the transportation company’s stock after buying an additional 30,896 shares during the period. Jupiter Asset Management Ltd. owned 0.08% of Wabtec worth $27,798,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Colonial Trust Advisors boosted its stake in shares of Wabtec by 454.5% during the 2nd quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. Piscataqua Savings Bank raised its holdings in 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 purchasing an additional 128 shares during the period. Motco boosted its position in Wabtec by 6,600.0% during the third quarter. Motco now owns 134 shares of the transportation company’s stock worth $27,000 after purchasing an additional 132 shares in the last quarter. Salomon & Ludwin LLC grew its holdings 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 purchasing an additional 126 shares during the period. Finally, North Capital Inc. increased its position in shares of 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 buying an additional 189 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

WAB has been the topic of a number of research analyst reports. Wolfe Research raised shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price target on the stock in a research note on Thursday, January 8th. JPMorgan Chase & Co. boosted their target price on shares of Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, January 21st. Morgan Stanley reiterated an “overweight” rating and set a $315.00 price objective on shares of Wabtec in a research note on Tuesday. Finally, Wells Fargo & Company raised their target price on Wabtec from $224.00 to $270.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Wabtec presently has a consensus rating of “Moderate Buy” and an average price target of $269.00.

Insider Activity

In other news, CEO Rafael Santana sold 1,798 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were 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 approximately $29,177,816.79. This trade represents a 1.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David L. Deninno sold 5,000 shares of Wabtec stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $214.62, for a total transaction of $1,073,100.00. Following the sale, the vice president directly owned 50,450 shares of the company’s stock, valued at approximately $10,827,579. This trade represents a 9.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 15,673 shares of company stock valued at $3,420,576. 1.10% of the stock is currently owned by company insiders.

Wabtec Trading Up 1.0%

WAB opened at $261.95 on Friday. The business’s 50 day moving average price is $230.02 and its 200 day moving average price is $209.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 1.11. The stock has a market capitalization of $44.67 billion, a PE ratio of 38.35, a P/E/G ratio of 1.96 and a beta of 1.01. Wabtec has a one year low of $151.81 and a one year high of $263.66.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, February 11th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.02. The firm 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%. Wabtec’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 EPS. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. As a group, equities research analysts expect that Wabtec will post 8.54 EPS for the current year.

Wabtec Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.31 per share. This is a boost from Wabtec’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, February 17th. This represents a $1.24 annualized dividend and a yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is presently 18.16%.

Wabtec announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 11th that allows the company to buyback $1.20 billion in outstanding shares. This buyback authorization allows 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 believes its shares are undervalued.

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.