Gaddis Premier Wealth Advisors LLC Makes New $514,000 Investment in Wabtec $WAB

Gaddis Premier Wealth Advisors LLC acquired a new position in shares of Wabtec (NYSE:WAB) in the 4th quarter, Holdings Channel.com reports. The fund acquired 2,409 shares of the transportation company’s stock, valued at approximately $514,000.

Several other institutional investors and hedge funds also recently bought and sold shares of WAB. Manchester Capital Management LLC raised its holdings in shares of Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 72 shares during the period. BOKF NA raised its holdings in shares of Wabtec by 66.7% in the fourth quarter. BOKF NA now owns 175 shares of the transportation company’s stock worth $37,000 after buying an additional 70 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Wabtec in the fourth quarter worth approximately $42,000. Westfuller Advisors LLC raised its holdings in shares of Wabtec by 83.2% in the fourth quarter. Westfuller Advisors LLC now owns 207 shares of the transportation company’s stock worth $44,000 after buying an additional 94 shares during the period. Finally, Steigerwald Gordon & Koch Inc. raised its holdings in shares of Wabtec by 258.3% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 215 shares of the transportation company’s stock worth $46,000 after buying an additional 155 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wabtec Stock Down 0.4%

Shares of NYSE:WAB opened at $259.43 on Tuesday. Wabtec has a 52-week low of $184.26 and a 52-week high of $275.84. The stock has a market cap of $44.02 billion, a P/E ratio of 36.69, a price-to-earnings-growth ratio of 1.86 and a beta of 0.94. The business’s 50 day moving average is $261.34 and its 200 day moving average is $241.94. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42.

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

Wabtec Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.24 annualized dividend and a yield of 0.5%. Wabtec’s dividend payout ratio is 17.54%.

Wabtec announced that its Board of Directors has initiated a stock repurchase plan 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 plans are often a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

WAB has been the topic of several recent analyst reports. Rothschild & Co Redburn upgraded Wabtec from a “neutral” rating to a “buy” rating and increased their price target for the stock from $262.00 to $285.00 in a report on Thursday, March 26th. JPMorgan Chase & Co. reduced their price target on Wabtec from $290.00 to $280.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Wolfe Research reiterated an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a report on Thursday, April 23rd. Susquehanna reiterated a “positive” rating and issued a $305.00 price target on shares of Wabtec in a report on Thursday, April 23rd. Finally, KeyCorp increased their price target on Wabtec from $240.00 to $308.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $289.82.

Insider Activity at Wabtec

In related news, EVP Gina Trombley sold 4,013 shares of the 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 transaction, the executive vice president owned 13,841 shares of the company’s stock, valued at $3,347,722.67. This represents a 22.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rafael Santana sold 60,852 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total value of $16,362,494.28. Following the completion of the transaction, the chief executive officer directly owned 128,729 shares in the company, valued at approximately $34,613,940.81. This trade represents a 32.10% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 66,028 shares of company stock worth $17,639,883. 0.57% of the stock is owned by insiders.

Wabtec Company 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.