Moran Wealth Management LLC Sells 9,633 Shares of Wabtec $WAB

Moran Wealth Management LLC trimmed its stake in shares of Wabtec (NYSE:WAB) by 13.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,062 shares of the transportation company’s stock after selling 9,633 shares during the quarter. Moran Wealth Management LLC’s holdings in Wabtec were worth $15,260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of Wabtec by 20.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock worth $1,700,238,000 after buying an additional 1,344,744 shares in the last quarter. State Street Corp boosted its stake in Wabtec by 2.6% in the 4th quarter. State Street Corp now owns 7,658,040 shares of the transportation company’s stock valued at $1,634,609,000 after buying an additional 197,610 shares in the last quarter. Geode Capital Management LLC boosted its stake in Wabtec by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company’s stock valued at $928,249,000 after buying an additional 38,029 shares in the last quarter. Wellington Management Group LLP grew its position in Wabtec by 3.6% in the third quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock valued at $662,390,000 after acquiring an additional 116,329 shares during the period. Finally, Nordea Investment Management AB raised its stake in Wabtec by 55.5% during the fourth quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock worth $659,939,000 after acquiring an additional 1,095,083 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WAB. Jefferies Financial Group reissued a “buy” rating and set a $290.00 price objective (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. Wolfe Research reiterated an “outperform” rating and set a $303.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. JPMorgan Chase & Co. cut their price target on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Rothschild & Co Redburn upgraded shares of Wabtec from a “neutral” rating to a “buy” rating and boosted their price target for the company from $262.00 to $285.00 in a research report on Thursday, March 26th. Finally, Susquehanna reaffirmed a “positive” rating and set a $305.00 price objective on shares of Wabtec in a research note on Thursday, April 23rd. Ten equities 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $289.82.

Insider Transactions at Wabtec

In other news, insider Sameer Gaur sold 1,082 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $263.50, for a total transaction of $285,107.00. Following the sale, the insider directly owned 11,985 shares of the company’s stock, valued at $3,158,047.50. This represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rafael Santana sold 60,852 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $268.89, for a total transaction of $16,362,494.28. Following the completion of the sale, the chief executive officer directly owned 128,729 shares of the company’s stock, valued at approximately $34,613,940.81. This represents a 32.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 65,423 shares of company stock valued at $17,562,278. Insiders own 0.57% of the company’s stock.

Wabtec Price Performance

Wabtec stock opened at $262.38 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. The firm has a market cap of $44.52 billion, a P/E ratio of 37.11, a P/E/G ratio of 1.88 and a beta of 0.94. The business’s fifty day moving average is $265.43 and its two-hundred day moving average is $249.76. Wabtec has a 52 week low of $184.26 and a 52 week high of $284.91.

Wabtec (NYSE:WAB) last announced its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the company posted $2.28 earnings per share. The firm’s quarterly 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. Equities research analysts forecast that Wabtec will post 10.61 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd were given a $0.31 dividend. This represents a $1.24 annualized dividend 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 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.