United Capital Financial Advisors LLC Lowers Holdings in Wabtec $WAB

United Capital Financial Advisors LLC reduced its stake in shares of Wabtec (NYSE:WAB) by 5.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 72,971 shares of the transportation company’s stock after selling 4,260 shares during the period. United Capital Financial Advisors LLC’s holdings in Wabtec were worth $19,673,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Wabtec during the second quarter valued at $3,741,077,000. Norges Bank purchased a new stake in Wabtec in the 4th quarter worth $409,039,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Wabtec by 20.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock valued at $1,700,238,000 after purchasing an additional 1,344,744 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Wabtec during the second quarter valued at about $212,692,000. Finally, Deutsche Bank AG purchased a new position in shares of Wabtec during the second quarter valued at about $207,228,000. Institutional investors own 91.69% of the company’s stock.

Wabtec Stock Down 1.2%

Shares of NYSE:WAB opened at $297.03 on Friday. The company has a market cap of $50.17 billion, a price-to-earnings ratio of 39.92, a PEG ratio of 2.04 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 current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $282.30 and a 200 day moving average price of $266.63.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share 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 company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the firm posted $2.27 earnings per share. The firm’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, equities research analysts predict that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. Wabtec’s payout ratio is currently 16.67%.

Analysts Set New Price Targets

WAB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Stephens upped their price objective on Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. Finally, KeyCorp raised their target price on shares of Wabtec from $308.00 to $340.00 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $313.36.

Insider Activity at Wabtec

In related news, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $299.04, for a total value of $347,783.52. Following the completion of the sale, the chief executive officer directly owned 120,588 shares in the company, valued at $36,060,635.52. This trade represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Eric Gebhardt sold 7,100 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the completion of the sale, the chief technology officer directly owned 19,153 shares in the company, valued at approximately $5,731,918.31. This represents a 27.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,036 shares of company stock worth $6,113,542 in the last ninety days. Corporate 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.