Wabtec $WAB Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its stake in shares of Wabtec (NYSE:WAB) by 12.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,370 shares of the transportation company’s stock after selling 2,093 shares during the period. Commonwealth Equity Services LLC’s holdings in Wabtec were worth $3,067,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Manchester Capital Management LLC increased its position in shares of Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 72 shares during the last quarter. McMillan Office Inc. acquired a new stake in shares of Wabtec during the fourth quarter valued at about $31,000. BOKF NA increased its position in shares of Wabtec by 66.7% during the fourth quarter. BOKF NA now owns 175 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 70 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Wabtec during the fourth quarter valued at about $42,000. Finally, Westfuller Advisors LLC increased its position in shares of Wabtec by 83.2% during the fourth quarter. Westfuller Advisors LLC now owns 207 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 94 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Wabtec

In other news, EVP Gina Trombley sold 4,013 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $241.87, for a total transaction of $970,624.31. Following the transaction, the executive vice president directly owned 13,841 shares in the company, valued at $3,347,722.67. This represents a 22.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rafael Santana sold 60,852 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total transaction of $16,362,494.28. Following the sale, the chief executive officer directly owned 128,729 shares of the company’s stock, valued at approximately $34,613,940.81. This trade represents a 32.10% decrease in their position. 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. Over the last 90 days, insiders sold 68,354 shares of company stock worth $18,247,795. 0.57% of the stock is owned by insiders.

Wabtec Stock Performance

Shares of WAB opened at $265.71 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. Wabtec has a 1 year low of $184.26 and a 1 year high of $275.84. The stock has a market capitalization of $45.09 billion, a P/E ratio of 37.58, a P/E/G ratio of 1.86 and a beta of 0.94. The company’s fifty day moving average is $261.83 and its two-hundred day moving average is $242.42.

Wabtec (NYSE:WAB) last posted its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.09. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the prior year, the company posted $2.28 EPS. The business’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. On average, sell-side analysts predict that Wabtec will post 10.61 earnings per share for the current year.

Wabtec announced that its board has authorized a share repurchase program on Wednesday, February 11th that authorizes the company to buyback $1.20 billion in shares. This buyback authorization authorizes the transportation company to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Wabtec Announces Dividend

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

Wall Street Analysts Forecast Growth

WAB has been the subject of a number of recent analyst reports. Stephens lifted their price target on shares of Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. JPMorgan Chase & Co. dropped their price target on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Susquehanna restated a “positive” rating and issued a $305.00 price objective on shares of Wabtec in a report on Thursday, April 23rd. Finally, Rothschild & Co Redburn upgraded shares of Wabtec from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $262.00 to $285.00 in a report on Thursday, March 26th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $289.82.

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.