Silvant Capital Management LLC Sells 9,684 Shares of Wabtec $WAB

Silvant Capital Management LLC trimmed its position in shares of Wabtec (NYSE:WAB) by 33.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 19,394 shares of the transportation company’s stock after selling 9,684 shares during the quarter. Silvant Capital Management LLC’s holdings in Wabtec were worth $5,229,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of Wabtec in the second quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new stake in Wabtec during the 1st quarter worth approximately $25,000. Bell Investment Advisors Inc acquired a new stake in Wabtec during the 2nd quarter valued at $29,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Wabtec by 125.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Finally, Manchester Capital Management LLC raised its position in Wabtec by 122.0% in the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 72 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Activity

In other news, VP David L. Deninno sold 3,000 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $301.31, for a total value of $903,930.00. Following the transaction, the vice president owned 55,128 shares of the company’s stock, valued at $16,610,617.68. This represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sameer Gaur sold 1,000 shares of Wabtec stock in a transaction on Friday, July 24th. The stock was sold at an average price of $300.64, for a total value of $300,640.00. Following the sale, the insider directly owned 10,985 shares of the company’s stock, valued at approximately $3,302,530.40. This trade represents a 8.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 17,786 shares of company stock worth $5,160,577. Corporate insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on WAB shares. JPMorgan Chase & Co. boosted their price objective on Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Citigroup raised their target price on Wabtec from $311.00 to $341.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Stephens lifted their price target on Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. KeyCorp upped their price target on shares of Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Wabtec currently has a consensus rating of “Moderate Buy” and an average price target of $313.36.

Wabtec Price Performance

Wabtec stock opened at $292.62 on Friday. The business’s 50-day simple moving average is $279.54 and its 200 day simple moving average is $264.56. The stock has a market cap of $49.43 billion, a price-to-earnings ratio of 39.33, a P/E/G ratio of 1.98 and a beta of 0.93. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the firm earned $2.27 EPS. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, research analysts anticipate that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a yield of 0.4%. Wabtec’s dividend payout ratio (DPR) is presently 16.67%.

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.