Wabtec $WAB Holdings Cut by Dnca Finance

Dnca Finance reduced its stake in Wabtec (NYSE:WAB) by 74.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,060 shares of the transportation company’s stock after selling 27,000 shares during the period. Dnca Finance’s holdings in Wabtec were worth $1,816,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Squarepoint Ops LLC lifted its holdings in shares of Wabtec by 930.7% in the 3rd quarter. Squarepoint Ops LLC now owns 157,371 shares of the transportation company’s stock worth $31,548,000 after purchasing an additional 142,103 shares during the last quarter. Wellington Management Group LLP grew its stake in Wabtec by 3.6% during the 3rd quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock worth $662,390,000 after buying an additional 116,329 shares during the last quarter. NorthRock Partners LLC grew its stake in Wabtec by 155.1% during the 3rd quarter. NorthRock Partners LLC now owns 4,345 shares of the transportation company’s stock worth $871,000 after buying an additional 2,642 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in Wabtec by 9.6% in the third quarter. Brown Brothers Harriman & Co. now owns 2,653 shares of the transportation company’s stock worth $532,000 after buying an additional 232 shares during the period. Finally, Banque Transatlantique SA increased its position in Wabtec by 5,866.7% in the third quarter. Banque Transatlantique SA now owns 895 shares of the transportation company’s stock worth $176,000 after buying an additional 880 shares during the period. 91.69% of the stock is owned by institutional investors.

Insider Activity at Wabtec

In related news, CFO John A. Olin sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $263.30, for a total transaction of $2,896,300.00. Following the transaction, the chief financial officer owned 60,487 shares in the company, valued at $15,926,227.10. This trade represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gina Trombley sold 4,013 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $241.87, for a total value of $970,624.31. Following the sale, the executive vice president directly owned 13,841 shares in the company, valued at approximately $3,347,722.67. The trade was a 22.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,310 shares of company stock worth $8,541,509 in the last three months. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Wabtec from $215.00 to $245.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Stephens increased their price objective on shares of Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating and issued a $315.00 price objective on shares of Wabtec in a research report on Tuesday, February 17th. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Wells Fargo & Company upped their target price on shares of Wabtec from $224.00 to $270.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Wabtec has an average rating of “Moderate Buy” and an average price target of $269.00.

Wabtec Trading Down 1.6%

NYSE:WAB opened at $236.60 on Friday. Wabtec has a 1 year low of $151.81 and a 1 year high of $266.27. The stock has a market cap of $40.34 billion, a price-to-earnings ratio of 34.64, a PEG ratio of 1.81 and a beta of 0.99. The business has a fifty day moving average of $242.37 and a 200-day moving average of $216.20. 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 (NYSE:WAB) last issued its quarterly earnings results on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.86 billion. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company earned $1.68 earnings per share. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Equities analysts predict that Wabtec will post 8.54 earnings per share for the current year.

Wabtec declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 11th that permits the company to buyback $1.20 billion in outstanding shares. This buyback authorization permits the transportation company to purchase up to 2.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Wabtec Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a 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 18.16%.

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.