Wabtec $WAB Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its position in Wabtec (NYSE:WAB) by 25.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,669 shares of the transportation company’s stock after selling 3,991 shares during the quarter. Intech Investment Management LLC’s holdings in Wabtec were worth $2,339,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Colonial Trust Advisors boosted its stake in shares of 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 boosted its position in Wabtec by 12,800.0% in the 3rd quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock valued at $26,000 after buying an additional 128 shares during the last quarter. Motco grew its stake in shares of Wabtec by 6,600.0% during the third quarter. Motco now owns 134 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 132 shares in the last quarter. Salomon & Ludwin LLC increased its position in shares of 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. lifted its stake in shares of Wabtec by 18,900.0% in 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 in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Wabtec Stock Performance

Shares of WAB opened at $260.70 on Wednesday. The stock has a market capitalization of $44.45 billion, a PE ratio of 38.17, a price-to-earnings-growth ratio of 1.99 and a beta of 0.99. The business’s fifty day moving average price is $237.61 and its 200 day moving average price is $213.49. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.11 and a quick ratio of 0.57. Wabtec has a 12-month low of $151.81 and a 12-month high of $266.27.

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

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 $0.31 dividend. The ex-dividend date was Tuesday, February 17th. This is an increase from Wabtec’s previous quarterly dividend of $0.25. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. Wabtec’s payout ratio is presently 18.16%.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their price objective on Wabtec from $224.00 to $270.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. increased their target price on Wabtec from $215.00 to $245.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Stephens lifted their price target on shares of Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. KeyCorp upped their price target on shares of Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, Citigroup raised their price objective on shares of Wabtec from $258.00 to $283.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Wabtec presently has a consensus rating of “Moderate Buy” and a consensus price target of $269.00.

Insider Activity at Wabtec

In related news, insider Michael Fetsko sold 5,058 shares of the business’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 completion of the transaction, the insider owned 36,882 shares in the company, valued at $7,956,185.04. The trade was a 12.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David L. Deninno sold 5,000 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $214.62, for a total value of $1,073,100.00. Following the completion of the sale, the vice president directly owned 50,450 shares in the company, valued at $10,827,579. This represents a 9.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 40,211 shares of company stock valued at $9,885,467. 1.10% of the stock is owned by insiders.

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.