Wabtec $WAB Stake Lifted by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP lifted its stake in shares of Wabtec (NYSE:WAB) by 47.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,439 shares of the transportation company’s stock after acquiring an additional 4,630 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Wabtec were worth $2,895,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CI Investments Inc. lifted its position in Wabtec by 6.1% in the third quarter. CI Investments Inc. now owns 865 shares of the transportation company’s stock worth $173,000 after purchasing an additional 50 shares during the period. Quadrant Capital Group LLC increased its position in shares of Wabtec by 1.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 4,082 shares of the transportation company’s stock valued at $818,000 after purchasing an additional 54 shares during the period. Wedmont Private Capital raised its stake in shares of Wabtec by 2.6% in the 3rd quarter. Wedmont Private Capital now owns 2,246 shares of the transportation company’s stock worth $444,000 after buying an additional 56 shares in the last quarter. OFI Invest Asset Management raised its stake in shares of Wabtec by 10.0% in the 3rd quarter. OFI Invest Asset Management now owns 625 shares of the transportation company’s stock worth $125,000 after buying an additional 57 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Wabtec by 6.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the transportation company’s stock valued at $204,000 after buying an additional 59 shares during the period. Institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Wells Fargo & Company raised their target price on Wabtec from $224.00 to $270.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Morgan Stanley reissued an “overweight” rating and issued a $315.00 price target on shares of Wabtec in a report on Tuesday, February 17th. Susquehanna set a $300.00 price objective on shares of Wabtec in a research report on Thursday, February 12th. Citigroup lifted their price objective on shares of Wabtec from $258.00 to $283.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $269.00.

Wabtec Trading Up 1.1%

Shares of NYSE WAB opened at $239.32 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. Wabtec has a 12 month low of $151.81 and a 12 month high of $266.27. The company has a market cap of $40.81 billion, a price-to-earnings ratio of 35.04, a P/E/G ratio of 1.79 and a beta of 0.99. The business has a fifty day simple moving average of $242.81 and a 200-day simple moving average of $216.80.

Wabtec (NYSE:WAB) last posted 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 return on equity of 14.12% and a net margin of 10.48%.The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the previous year, the company earned $1.68 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Sell-side analysts predict that Wabtec will post 8.54 EPS 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. 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 dividend yield of 0.5%. The ex-dividend date was Tuesday, February 17th. Wabtec’s dividend payout ratio (DPR) is presently 18.16%.

Wabtec declared that its board has authorized a stock repurchase plan on Wednesday, February 11th that allows the company to buyback $1.20 billion in outstanding shares. This buyback authorization allows the transportation company to purchase up to 2.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Wabtec

In other Wabtec news, insider Sameer Gaur sold 1,150 shares of Wabtec stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $262.62, for a total transaction of $302,013.00. Following the transaction, the insider directly owned 12,017 shares in the company, valued at approximately $3,155,904.54. The trade was a 8.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Gina Trombley sold 4,013 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $241.87, for a total transaction 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. This trade represents a 22.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 33,310 shares of company stock valued at $8,541,509 over the last three months. 1.10% 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.