Fox Run Management L.L.C. Acquires Shares of 12,432 Wabtec $WAB

Fox Run Management L.L.C. acquired a new stake in shares of Wabtec (NYSE:WAB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,432 shares of the transportation company’s stock, valued at approximately $2,654,000. Wabtec accounts for 0.4% of Fox Run Management L.L.C.’s portfolio, making the stock its 8th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CI Investments Inc. lifted its holdings in shares of Wabtec by 6.1% during the third quarter. CI Investments Inc. now owns 865 shares of the transportation company’s stock valued at $173,000 after acquiring an additional 50 shares during the period. Carnegie Investment Counsel lifted its holdings in shares of Wabtec by 2.6% during the fourth quarter. Carnegie Investment Counsel now owns 2,051 shares of the transportation company’s stock valued at $438,000 after acquiring an additional 51 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Wabtec by 1.3% in the third quarter. Quadrant Capital Group LLC now owns 4,082 shares of the transportation company’s stock valued at $818,000 after buying an additional 54 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Wabtec by 11.1% in the fourth quarter. Blue Trust Inc. now owns 549 shares of the transportation company’s stock valued at $117,000 after buying an additional 55 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in shares of Wabtec by 13.9% in the fourth quarter. True Wealth Design LLC now owns 460 shares of the transportation company’s stock valued at $98,000 after buying an additional 56 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WAB has been the subject of a number of research reports. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. KeyCorp raised their target price on Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Citigroup raised their target price on Wabtec from $283.00 to $292.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Morgan Stanley restated an “overweight” rating and issued a $318.00 target price on shares of Wabtec in a research note on Monday, April 27th. Finally, Wolfe Research restated an “outperform” rating and issued a $303.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. Ten 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, Wabtec has an average rating of “Moderate Buy” and a consensus target price of $289.82.

Insider Transactions at Wabtec

In related news, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $263.77, for a total value of $306,764.51. Following the completion of the sale, the chief executive officer directly owned 127,566 shares in the company, valued at $33,648,083.82. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gina Trombley sold 4,013 shares of Wabtec stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $241.87, for a total value of $970,624.31. Following the completion of the sale, the executive vice president owned 13,841 shares of the company’s stock, valued at approximately $3,347,722.67. The trade was a 22.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 66,028 shares of company stock valued at $17,639,883. Corporate insiders own 0.57% of the company’s stock.

Wabtec Price Performance

Shares of WAB stock opened at $259.43 on Tuesday. The stock has a 50-day moving average price of $261.34 and a 200 day moving average price of $241.94. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. The firm has a market cap of $44.02 billion, a price-to-earnings ratio of 36.69, a PEG ratio of 1.86 and a beta of 0.94. Wabtec has a 12 month low of $184.26 and a 12 month high of $275.84.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.09. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The company’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the company earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Research analysts expect that Wabtec will post 10.61 EPS for the current year.

Wabtec Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, May 22nd. Wabtec’s dividend payout ratio (DPR) is presently 17.54%.

Wabtec declared that its board has initiated a stock buyback program on Wednesday, February 11th that authorizes the company to buyback $1.20 billion in shares. This buyback authorization authorizes the transportation company to purchase up to 2.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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.