VCI Wealth Management LLC Makes New Investment in Wabtec $WAB

VCI Wealth Management LLC acquired a new stake in Wabtec (NYSE:WAB) during the first quarter, Holdings Channel reports. The institutional investor acquired 7,332 shares of the transportation company’s stock, valued at approximately $1,832,000.

Several other institutional investors have also recently modified their holdings of WAB. GHP Investment Advisors Inc. boosted its position in Wabtec by 86,400.0% in the first quarter. GHP Investment Advisors Inc. now owns 865 shares of the transportation company’s stock valued at $216,000 after buying an additional 864 shares during the last quarter. Aaron Wealth Advisors LLC increased its holdings in Wabtec by 63.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 2,106 shares of the transportation company’s stock worth $526,000 after buying an additional 815 shares during the period. OLD National Bancorp IN raised its position in Wabtec by 19.2% during the 1st quarter. OLD National Bancorp IN now owns 2,071 shares of the transportation company’s stock worth $518,000 after buying an additional 333 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in Wabtec during the 1st quarter worth approximately $2,174,000. Finally, Silver Oak Securities Incorporated lifted its stake in Wabtec by 5.0% during the 1st quarter. Silver Oak Securities Incorporated now owns 3,186 shares of the transportation company’s stock valued at $796,000 after acquiring an additional 151 shares during the period. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WAB shares. Wells Fargo & Company upped their price objective on shares of Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Jefferies Financial Group reissued a “buy” rating and set a $290.00 target price (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. Citigroup upped their price target on shares of Wabtec from $283.00 to $292.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Susquehanna reaffirmed a “positive” rating and set a $305.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $318.00 price objective on shares of Wabtec in a research note on Monday, April 27th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $289.82.

Wabtec Stock Down 4.2%

Wabtec stock opened at $270.46 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54. The stock has a market capitalization of $45.89 billion, a PE ratio of 38.25, a price-to-earnings-growth ratio of 2.02 and a beta of 0.94. The business has a 50 day simple moving average of $264.92 and a 200-day simple moving average of $247.95. Wabtec has a 12 month low of $184.26 and a 12 month high of $284.91.

Wabtec (NYSE:WAB) last released its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, analysts anticipate that Wabtec will post 10.61 EPS for the current fiscal year.

Wabtec Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd were issued 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 Friday, May 22nd. Wabtec’s dividend payout ratio (DPR) is presently 17.54%.

Insider Activity

In related news, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $261.06, for a total transaction of $303,612.78. Following the completion of the transaction, the chief executive officer owned 124,077 shares in the company, valued at $32,391,541.62. This represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $263.50, for a total transaction of $285,107.00. Following the completion of the transaction, the insider directly owned 11,985 shares in the company, valued at $3,158,047.50. This represents a 8.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 65,423 shares of company stock worth $17,562,278. Company insiders own 0.57% of the company’s stock.

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.