Leeward Investments LLC MA Sells 2,574 Shares of Wabtec $WAB

Leeward Investments LLC MA trimmed its position in Wabtec (NYSE:WAB) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,666 shares of the transportation company’s stock after selling 2,574 shares during the period. Leeward Investments LLC MA’s holdings in Wabtec were worth $12,042,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in Wabtec during the first quarter valued at approximately $25,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Manchester Capital Management LLC boosted its position in shares of Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 72 shares in the last quarter. McMillan Office Inc. bought a new position in shares of Wabtec during the fourth quarter worth $31,000. Finally, Reflection Asset Management acquired a new position in shares of Wabtec in the 4th quarter valued at $35,000. Institutional investors own 91.69% of the company’s stock.

Wabtec Stock Up 0.8%

Shares of WAB stock opened at $297.93 on Friday. 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. The firm has a fifty day moving average of $276.02 and a 200-day moving average of $262.26. The company has a market capitalization of $50.32 billion, a price-to-earnings ratio of 40.04, a P/E/G ratio of 2.00 and a beta of 0.93.

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

Wabtec Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, August 18th. Wabtec’s payout ratio is 16.67%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. Wells Fargo & Company increased their price target on Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. KeyCorp increased their price target on Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Susquehanna raised their price target on Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research report on Thursday, July 23rd. Finally, Stephens lifted their price objective on Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Wabtec currently has a consensus rating of “Moderate Buy” and a consensus target price of $313.36.

Insider Transactions at Wabtec

In other news, VP David L. Deninno sold 3,000 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $301.31, for a total transaction of $903,930.00. Following the completion of the transaction, the vice president directly owned 55,128 shares of the company’s stock, valued at $16,610,617.68. This represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $261.06, for a total value of $303,612.78. Following the transaction, the chief executive officer owned 124,077 shares of the company’s stock, valued at approximately $32,391,541.62. The trade was a 0.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 16,834 shares of company stock valued at $4,874,977 over the last three months. 0.57% of the stock is currently owned by corporate 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.