Wabtec $WAB Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC lowered its stake in shares of Wabtec (NYSE:WAB) by 11.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 135,775 shares of the transportation company’s stock after selling 18,404 shares during the quarter. Trillium Asset Management LLC’s holdings in Wabtec were worth $29,281,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of WAB. Manchester Capital Management LLC increased its holdings in shares of Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 72 shares in the last quarter. McMillan Office Inc. acquired a new position in shares of Wabtec during the fourth quarter valued at about $31,000. BOKF NA increased its holdings in shares of Wabtec by 66.7% during the fourth quarter. BOKF NA now owns 175 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 70 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Wabtec during the fourth quarter valued at about $42,000. Finally, Westfuller Advisors LLC raised its stake in shares of Wabtec by 83.2% in the fourth quarter. Westfuller Advisors LLC now owns 207 shares of the transportation company’s stock worth $44,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WAB shares. Wells Fargo & Company raised their price objective on Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Susquehanna restated a “positive” rating and issued a $305.00 price objective on shares of Wabtec in a research note on Thursday, April 23rd. Morgan Stanley restated an “overweight” rating and issued a $318.00 price objective on shares of Wabtec in a research note on Monday, April 27th. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Monday, April 20th. Finally, Rothschild & Co Redburn upgraded Wabtec from a “neutral” rating to a “buy” rating and raised their price objective for the stock 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 given a Hold rating to the company. According to MarketBeat.com, Wabtec presently has a consensus rating of “Moderate Buy” and an average price target of $289.82.

Insider Buying and Selling

In related news, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $261.06, for a total transaction of $303,612.78. Following the sale, the chief executive officer directly owned 124,077 shares of the company’s stock, valued at $32,391,541.62. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 64,341 shares of company stock worth $17,277,171 over the last quarter. 0.57% of the stock is owned by company insiders.

Wabtec Trading Up 1.1%

Shares of NYSE:WAB opened at $264.90 on Friday. Wabtec has a 52-week low of $184.26 and a 52-week high of $275.84. The stock has a market cap of $44.95 billion, a price-to-earnings ratio of 37.47, a PEG ratio of 1.88 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. The business has a 50-day moving average price of $262.62 and a 200-day moving average price of $243.43.

Wabtec (NYSE:WAB) last posted its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.62 by $0.09. The firm had revenue of $2.95 billion for 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%.Wabtec’s revenue for the quarter was up 13.0% compared to the same quarter last year. 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. Equities analysts predict that Wabtec will post 10.61 EPS for the current year.

Wabtec Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were 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 was Friday, May 22nd. Wabtec’s dividend payout ratio (DPR) is 17.54%.

About Wabtec

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.