ProShare Advisors LLC Buys 2,474 Shares of Wabtec $WAB

ProShare Advisors LLC grew its stake in shares of Wabtec (NYSE:WAB) by 8.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 31,567 shares of the transportation company’s stock after purchasing an additional 2,474 shares during the period. ProShare Advisors LLC’s holdings in Wabtec were worth $6,738,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BOKF NA increased its holdings in Wabtec by 66.7% during the 4th quarter. BOKF NA now owns 175 shares of the transportation company’s stock worth $37,000 after purchasing an additional 70 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Wabtec in the fourth quarter valued at approximately $42,000. Westfuller Advisors LLC grew its holdings in shares of Wabtec by 83.2% in the fourth quarter. Westfuller Advisors LLC now owns 207 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 94 shares in the last quarter. Steigerwald Gordon & Koch Inc. grew its holdings in shares of Wabtec by 258.3% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 215 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 155 shares in the last quarter. Finally, Salomon & Ludwin LLC grew its holdings in shares of Wabtec by 35.6% in the fourth quarter. Salomon & Ludwin LLC now owns 217 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 57 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on WAB shares. JPMorgan Chase & Co. reduced their target price on Wabtec from $290.00 to $280.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a report on Monday, April 20th. Rothschild & Co Redburn raised Wabtec from a “neutral” rating to a “buy” rating and upped their target price for the company from $262.00 to $285.00 in a report on Thursday, March 26th. Morgan Stanley reaffirmed an “overweight” rating and issued a $318.00 target price on shares of Wabtec in a report on Monday, April 27th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $303.00 target price on shares of Wabtec in a report on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.82.

Insider Buying and Selling at Wabtec

In other Wabtec news, EVP Gina Trombley sold 4,013 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $241.87, for a total transaction of $970,624.31. Following the completion of the transaction, the executive vice president directly owned 13,841 shares of the company’s stock, valued at approximately $3,347,722.67. This represents a 22.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nalin Jain sold 7,936 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $264.09, for a total value of $2,095,818.24. Following the transaction, the insider directly owned 6,364 shares of the company’s stock, valued at approximately $1,680,668.76. This trade represents a 55.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 87,277 shares of company stock valued at $23,216,740 in the last quarter. Insiders own 0.57% of the company’s stock.

Wabtec Price Performance

Wabtec stock opened at $257.00 on Friday. The business’s 50 day simple moving average is $256.87 and its 200 day simple moving average is $237.37. Wabtec has a 12 month low of $184.26 and a 12 month high of $275.84. The company has a market cap of $43.61 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.83 and a beta of 0.97. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42.

Wabtec (NYSE:WAB) last announced its quarterly earnings data 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. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the company earned $2.28 earnings per share. Wabtec’s revenue was up 13.0% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Sell-side analysts forecast that Wabtec will post 10.61 EPS for the current year.

Wabtec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, May 22nd. Wabtec’s dividend payout ratio is 17.54%.

Wabtec announced that its board has initiated a stock repurchase program on Wednesday, February 11th that authorizes the company to buyback $1.20 billion in outstanding shares. This buyback authorization authorizes the transportation company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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.