Mirabella Financial Services LLP Sells 2,720 Shares of Wabtec $WAB

Mirabella Financial Services LLP lessened its stake in shares of Wabtec (NYSE:WAB) by 19.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,371 shares of the transportation company’s stock after selling 2,720 shares during the quarter. Mirabella Financial Services LLP’s holdings in Wabtec were worth $3,066,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Whipplewood Advisors LLC purchased a new position in shares of Wabtec during the first quarter valued at approximately $25,000. Clal Insurance Enterprises Holdings Ltd boosted 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 last quarter. Manchester Capital Management LLC grew 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 worth $28,000 after purchasing an additional 72 shares during the period. McMillan Office Inc. bought a new stake in Wabtec in the 4th quarter worth approximately $31,000. Finally, Reflection Asset Management purchased a new stake in Wabtec during the 4th quarter valued at $35,000. 91.69% of the stock is currently owned by institutional investors.

Wabtec Price Performance

NYSE WAB opened at $299.40 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. The business’s fifty day moving average is $276.79 and its 200 day moving average is $262.52. The company has a market capitalization of $50.57 billion, a PE ratio of 40.24, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $306.64.

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

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.31 per share. The ex-dividend date 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%.

Analyst Ratings Changes

WAB has been the topic of several research analyst reports. Citigroup increased their price target on Wabtec from $311.00 to $341.00 and gave the company a “buy” rating in a report on Thursday. Wolfe Research reiterated an “outperform” rating and set a $303.00 price objective on shares of Wabtec in a research report on Thursday, April 23rd. Stephens increased their target price on Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Susquehanna raised their target price on Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research report on Thursday, July 23rd. Finally, KeyCorp upped their price target on shares of Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Wabtec has a consensus rating of “Moderate Buy” and an average price target of $313.36.

Insider Activity

In other Wabtec news, VP David L. Deninno sold 3,000 shares of Wabtec stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $301.31, for a total transaction 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. The trade was a 5.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Eric Gebhardt sold 7,100 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the completion of the transaction, the chief technology officer owned 19,153 shares of the company’s stock, valued at approximately $5,731,918.31. The trade was a 27.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 16,834 shares of company stock worth $4,874,977 over the last ninety days. Company insiders own 0.57% of the company’s stock.

Wabtec 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.