United Capital Financial Advisors LLC Sells 4,260 Shares of Wabtec $WAB

United Capital Financial Advisors LLC lessened its position in Wabtec (NYSE:WAB) by 5.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. 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 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Wabtec during the second quarter valued at $3,741,077,000. Price T Rowe Associates Inc. MD increased its holdings in 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 raised its position in Wabtec by 2.6% in the 4th quarter. State Street Corp now owns 7,658,040 shares of the transportation company’s stock worth $1,634,609,000 after buying an additional 197,610 shares during the last quarter. Geode Capital Management LLC raised its position 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 worth $928,249,000 after buying an additional 38,029 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Wabtec by 3.6% during the 3rd 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. Institutional investors own 91.69% of the company’s stock.

Wabtec Stock Down 1.2%

WAB opened at $297.03 on Friday. The firm’s 50 day simple moving average is $282.30 and its two-hundred day simple moving average is $266.63. The company has a market capitalization of $50.17 billion, a PE ratio of 39.92, a PEG ratio of 2.04 and a beta of 0.93. Wabtec has a 1-year low of $184.26 and a 1-year 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.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the firm posted $2.27 EPS. The company’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. As a group, equities analysts forecast that Wabtec will post 10.86 EPS for the current year.

Wabtec Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors 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 dividend yield of 0.4%. Wabtec’s payout ratio is 16.67%.

Analyst Upgrades and Downgrades

WAB has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Morgan Stanley increased their price objective on shares of Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. KeyCorp lifted their target price on shares of Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company boosted their target price on shares of Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research note on Thursday, July 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $313.36.

Insider Buying and Selling

In other Wabtec news, insider Sameer Gaur sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $300.64, for a total value of $300,640.00. Following the completion of the transaction, the insider directly owned 10,985 shares in the company, valued at $3,302,530.40. This represents a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $299.04, for a total transaction of $347,783.52. Following the completion of the sale, the chief executive officer directly owned 120,588 shares of the company’s stock, valued at approximately $36,060,635.52. This trade represents a 0.96% decrease in their ownership of the stock. 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. Insiders 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.