Cynosure Group LLC Makes New $482,000 Investment in Wabtec $WAB

Cynosure Group LLC purchased a new position in shares of Wabtec (NYSE:WAB) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,256 shares of the transportation company’s stock, valued at approximately $482,000.

Several other hedge funds also recently modified their holdings of the company. CI Investments Inc. boosted its stake in shares of Wabtec by 6.1% during the 3rd 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 last quarter. Carnegie Investment Counsel lifted its holdings in shares of Wabtec by 2.6% during the 4th quarter. Carnegie Investment Counsel now owns 2,051 shares of the transportation company’s stock worth $438,000 after acquiring an additional 51 shares during the period. Quadrant Capital Group LLC lifted its holdings 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 worth $818,000 after acquiring an additional 54 shares during the period. Blue Trust Inc. lifted its holdings in shares of Wabtec by 11.1% during the 4th quarter. Blue Trust Inc. now owns 549 shares of the transportation company’s stock worth $117,000 after acquiring an additional 55 shares during the period. Finally, True Wealth Design LLC lifted its holdings in shares of Wabtec by 13.9% during the 4th quarter. True Wealth Design LLC now owns 460 shares of the transportation company’s stock worth $98,000 after acquiring an additional 56 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Wabtec

In other Wabtec news, insider Sameer Gaur sold 1,082 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the completion of the sale, the insider owned 11,985 shares of the company’s stock, valued at $3,158,047.50. This trade represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rafael Santana sold 1,163 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 124,077 shares of the company’s stock, valued at $32,391,541.62. This trade represents a 0.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 65,423 shares of company stock valued at $17,562,278 in the last ninety days. 0.57% of the stock is owned by corporate insiders.

Wabtec Stock Up 1.3%

Shares of NYSE:WAB opened at $272.26 on Wednesday. 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 has a 52-week low of $184.26 and a 52-week high of $276.22. The company has a 50 day moving average of $263.29 and a two-hundred day moving average of $244.63. The company has a market capitalization of $46.20 billion, a price-to-earnings ratio of 38.51, a price-to-earnings-growth ratio of 1.92 and a beta of 0.94.

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

Wabtec Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd were given 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 (DPR) is 17.54%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on WAB shares. Wells Fargo & Company increased their price objective on shares of Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Jefferies Financial Group reiterated a “buy” rating and set a $290.00 price objective (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Monday, April 20th. Citigroup increased their price objective on shares of Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Finally, Rothschild & Co Redburn upgraded shares of Wabtec from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $262.00 to $285.00 in a report on Thursday, March 26th. Ten equities research 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 a consensus rating of “Moderate Buy” and a consensus target price of $289.82.

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.