Wabtec $WAB Position Trimmed by Hahn Capital Management LLC

Hahn Capital Management LLC decreased its holdings in shares of Wabtec (NYSE:WAB) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,007 shares of the transportation company’s stock after selling 3,419 shares during the period. Wabtec accounts for 6.2% of Hahn Capital Management LLC’s portfolio, making the stock its 2nd largest position. Hahn Capital Management LLC’s holdings in Wabtec were worth $11,528,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. DGS Capital Management LLC purchased a new stake in shares of Wabtec in the 4th quarter worth approximately $213,000. Virtu Financial LLC bought a new position in Wabtec during the 4th quarter valued at approximately $731,000. Corient Private Wealth LLC raised its stake in Wabtec by 602.4% during the fourth quarter. Corient Private Wealth LLC now owns 78,644 shares of the transportation company’s stock valued at $16,787,000 after buying an additional 67,448 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in Wabtec during the fourth quarter valued at $777,000. Finally, NewEdge Advisors LLC boosted its holdings in Wabtec by 11.9% in the fourth quarter. NewEdge Advisors LLC now owns 3,176 shares of the transportation company’s stock worth $678,000 after acquiring an additional 339 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wabtec Stock Up 1.0%

Shares of Wabtec stock opened at $274.49 on Friday. The company’s 50 day moving average is $264.02 and its 200 day moving average is $245.55. The company has a market cap of $46.58 billion, a price-to-earnings ratio of 38.82, a price-to-earnings-growth ratio of 1.94 and a beta of 0.94. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. Wabtec has a twelve month low of $184.26 and a twelve month high of $278.39.

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

Wabtec Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WAB. Susquehanna reissued a “positive” rating and issued a $305.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Monday, April 20th. Citigroup upped their price target on shares of Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Wells Fargo & Company increased their price objective on shares of Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Finally, Rothschild & Co Redburn upgraded shares of Wabtec from a “neutral” rating to a “buy” rating and raised their price objective for the company from $262.00 to $285.00 in a research note on Thursday, March 26th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average 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 company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $263.50, for a total transaction of $285,107.00. Following the completion of the sale, the insider owned 11,985 shares of the company’s stock, valued at $3,158,047.50. This represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $261.06, for a total transaction of $303,612.78. Following the completion of the transaction, the chief executive officer directly owned 124,077 shares in the company, valued at approximately $32,391,541.62. The trade was a 0.93% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 65,423 shares of company stock valued at $17,562,278. 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.