Wabtec $WAB Shares Sold by Lifeworks Advisors LLC

Lifeworks Advisors LLC trimmed its holdings in shares of Wabtec (NYSE:WAB) by 12.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,241 shares of the transportation company’s stock after selling 3,285 shares during the period. Lifeworks Advisors LLC’s holdings in Wabtec were worth $5,558,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Diversify Wealth Management LLC acquired a new stake in shares of Wabtec in the first quarter worth $298,000. Pittenger & Anderson Inc. acquired a new position in Wabtec during the first quarter valued at $402,000. Citizens Financial Group Inc. RI lifted its position in Wabtec by 12.1% during the first quarter. Citizens Financial Group Inc. RI now owns 1,237 shares of the transportation company’s stock valued at $309,000 after purchasing an additional 134 shares during the period. Fifth Third Bancorp boosted its holdings in Wabtec by 497.1% in the first quarter. Fifth Third Bancorp now owns 41,734 shares of the transportation company’s stock valued at $10,430,000 after purchasing an additional 34,744 shares during the last quarter. Finally, Cedar Mountain Advisors LLC grew its position in Wabtec by 5,520.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 281 shares of the transportation company’s stock worth $70,000 after purchasing an additional 276 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Rothschild & Co Redburn upgraded Wabtec from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $262.00 to $285.00 in a research note on Thursday, March 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $290.00 target price (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. Susquehanna reiterated a “positive” rating and set a $305.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. Morgan Stanley reiterated an “overweight” rating and set a $318.00 price target on shares of Wabtec in a research report on Monday, April 27th. Finally, Wells Fargo & Company boosted their price target on Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.82.

Wabtec Trading Up 0.1%

WAB stock opened at $261.50 on Monday. Wabtec has a 52-week low of $184.26 and a 52-week high of $284.91. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. The firm has a market cap of $44.37 billion, a P/E ratio of 36.99, a PEG ratio of 1.87 and a beta of 0.94. The company’s 50-day simple moving average is $264.85 and its 200-day simple moving average is $251.57.

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

Wabtec Announces Dividend

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

Insider Buying and Selling

In other news, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $262.07, for a total transaction of $304,787.41. Following the completion of the transaction, the chief executive officer directly owned 122,914 shares of the company’s stock, valued at $32,212,071.98. This represents a 0.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction, the insider owned 11,985 shares in the company, valued at $3,158,047.50. This trade represents a 8.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 66,586 shares of company stock valued at $17,867,065 over the last 90 days. Company insiders own 0.57% of the company’s stock.

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.