Sienna Gestion Makes New $9.93 Million Investment in Wabtec $WAB

Sienna Gestion acquired a new stake in shares of Wabtec (NYSE:WAB) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 54,338 shares of the transportation company’s stock, valued at approximately $9,932,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Colonial Trust Advisors grew its holdings in Wabtec by 454.5% in the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Piscataqua Savings Bank grew 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 valued at $26,000 after acquiring an additional 128 shares during the period. Motco increased its stake 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 acquiring an additional 132 shares during the last quarter. Salomon & Ludwin LLC increased its stake 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. raised its holdings in shares of Wabtec by 18,900.0% in the 3rd quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock worth $38,000 after purchasing an additional 189 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Stock Performance

NYSE:WAB opened at $244.16 on Monday. The firm has a 50-day moving average of $239.58 and a two-hundred day moving average of $214.77. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.11 and a quick ratio of 0.57. The stock has a market cap of $41.63 billion, a P/E ratio of 35.75, a PEG ratio of 1.85 and a beta of 0.99. Wabtec has a 1-year low of $151.81 and a 1-year high of $266.27.

Wabtec (NYSE:WAB) last announced its earnings results on Wednesday, February 11th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period in the previous year, the company earned $1.68 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, research analysts expect that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 11th that authorizes the company to buyback $1.20 billion in outstanding shares. This buyback authorization authorizes the transportation company to reacquire up to 2.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Wabtec Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Wabtec’s previous quarterly dividend of $0.25. Wabtec’s dividend payout ratio is currently 18.16%.

Insider Buying and Selling

In other news, CEO Rafael Santana sold 1,798 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $245.71, for a total transaction of $441,786.58. Following the completion of the transaction, the chief executive officer directly owned 118,749 shares in the company, valued at approximately $29,177,816.79. This represents a 1.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Fetsko sold 5,058 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $215.72, for a total transaction of $1,091,111.76. Following the sale, the insider directly owned 36,882 shares of the company’s stock, valued at $7,956,185.04. The trade was a 12.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,192 shares of company stock worth $8,379,272 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Citigroup increased their target price on shares of Wabtec from $258.00 to $283.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Wednesday, January 21st. Morgan Stanley restated an “overweight” rating and set a $315.00 price objective on shares of Wabtec in a research note on Tuesday, February 17th. Susquehanna set a $300.00 target price on Wabtec in a research report on Thursday, February 12th. Finally, Wolfe Research upgraded Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 target price for the company in a research note on Thursday, January 8th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wabtec presently has a consensus rating of “Moderate Buy” and a consensus target price of $269.00.

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.