Wabtec $WAB Shares Bought by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC grew its stake in Wabtec (NYSE:WAB) by 52.8% during the 3rd quarter, Holdings Channel reports. The firm owned 19,444 shares of the transportation company’s stock after purchasing an additional 6,723 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Wabtec were worth $3,898,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Colonial Trust Advisors raised its position in shares of Wabtec by 454.5% during the 2nd quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Piscataqua Savings Bank boosted its holdings in Wabtec by 12,800.0% in the 3rd quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock worth $26,000 after buying an additional 128 shares during the last quarter. Motco boosted its holdings in Wabtec by 6,600.0% in the 3rd quarter. Motco now owns 134 shares of the transportation company’s stock worth $27,000 after buying an additional 132 shares during the last quarter. Salomon & Ludwin LLC increased its stake in Wabtec by 370.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock worth $32,000 after buying an additional 126 shares in the last quarter. Finally, North Capital Inc. increased its stake in Wabtec by 18,900.0% during the 3rd quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock worth $38,000 after buying an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

WAB has been the topic of several research reports. Stephens raised their target price on Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Wolfe Research upgraded Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price target for the company in a research report on Thursday, January 8th. Citigroup increased their price objective on Wabtec from $258.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Susquehanna set a $300.00 target price on shares of Wabtec in a research note on Thursday, February 12th. Finally, Wall Street Zen raised shares of Wabtec from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Wabtec has a consensus rating of “Moderate Buy” and an average target price of $269.00.

Insider Activity

In related news, insider Rogerio Mendonca sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $264.21, for a total value of $924,735.00. Following the transaction, the insider directly owned 10,101 shares in the company, valued at approximately $2,668,785.21. This represents a 25.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sameer Gaur sold 1,150 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $262.62, for a total value of $302,013.00. Following the completion of the transaction, the insider owned 12,017 shares of the company’s stock, valued at $3,155,904.54. The trade was a 8.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 34,355 shares of company stock worth $8,661,997. 1.10% of the stock is owned by company insiders.

Wabtec Trading Down 0.3%

Shares of WAB stock opened at $245.94 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. Wabtec has a twelve month low of $151.81 and a twelve month high of $266.27. The company’s 50-day moving average price is $241.42 and its 200-day moving average price is $215.73. The stock has a market cap of $41.94 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 1.86 and a beta of 0.99.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, February 11th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.02. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same period last year, the business earned $1.68 earnings per share. Wabtec’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. As a group, equities analysts predict that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.31 per share. The ex-dividend date was Tuesday, February 17th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Wabtec’s previous quarterly dividend of $0.25. Wabtec’s payout ratio is 18.16%.

Wabtec announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 11th that allows the company to buyback $1.20 billion in shares. This buyback authorization allows the transportation company to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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.