NEOS Investment Management LLC Has $3.87 Million Stock Position in Wabtec $WAB

NEOS Investment Management LLC boosted its holdings in shares of Wabtec (NYSE:WAB) by 111.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,281 shares of the transportation company’s stock after buying an additional 10,163 shares during the quarter. NEOS Investment Management LLC’s holdings in Wabtec were worth $3,865,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WAB. Colonial Trust Advisors increased its holdings 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 during the last quarter. Piscataqua Savings Bank boosted its position in Wabtec by 12,800.0% during 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 period. Motco increased its holdings in shares of Wabtec by 6,600.0% in the third 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 lifted its position in Wabtec by 370.6% during the third quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock worth $32,000 after acquiring an additional 126 shares during the last quarter. Finally, North Capital Inc. increased its position in Wabtec by 18,900.0% during the third quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock worth $38,000 after acquiring an additional 189 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Wabtec news, insider Rogerio Mendonca sold 2,019 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $214.51, for a total transaction of $433,095.69. Following the transaction, the insider directly owned 9,516 shares in the company, valued at approximately $2,041,277.16. This trade represents a 17.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rafael Santana sold 1,798 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $245.71, for a total transaction of $441,786.58. Following the completion of the sale, the chief executive officer owned 118,749 shares of the company’s stock, valued at approximately $29,177,816.79. This trade represents a 1.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 15,673 shares of company stock valued at $3,420,576. 1.10% of the stock is owned by corporate insiders.

Wabtec Stock Up 1.0%

Shares of NYSE:WAB opened at $261.95 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 1.11. Wabtec has a 52-week low of $151.81 and a 52-week high of $263.66. The business’s 50 day simple moving average is $230.02 and its two-hundred day simple moving average is $209.11. The firm has a market cap of $44.67 billion, a P/E ratio of 38.35, a PEG ratio of 1.96 and a beta of 1.01.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, February 11th. The transportation company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.86 billion. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.68 earnings per share. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. As a group, research analysts forecast that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec announced that its Board of Directors has initiated a stock buyback 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 stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wabtec Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on WAB. Morgan Stanley reissued an “overweight” rating and set a $315.00 price target on shares of Wabtec in a research report on Tuesday. Susquehanna set a $300.00 target price on Wabtec in a research report on Thursday, February 12th. KeyCorp raised their price objective on shares of Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Bank of America boosted their target price on shares of Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $269.00.

Wabtec 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.