Hahn Capital Management LLC Cuts Stock Position in Wabtec $WAB

Hahn Capital Management LLC trimmed its position in Wabtec (NYSE:WAB) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,007 shares of the transportation company’s stock after selling 3,419 shares during the quarter. Wabtec accounts for approximately 6.2% of Hahn Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Hahn Capital Management LLC’s holdings in Wabtec were worth $11,528,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WAB. Hilltop Holdings Inc. grew its holdings in Wabtec by 3.9% in the 4th quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock worth $228,000 after acquiring an additional 40 shares during the last quarter. CI Investments Inc. raised its stake 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 last quarter. IHT Wealth Management LLC raised its stake in shares of Wabtec by 1.0% during the fourth quarter. IHT Wealth Management LLC now owns 4,856 shares of the transportation company’s stock valued at $1,037,000 after acquiring an additional 50 shares during the last quarter. Carnegie Investment Counsel boosted its holdings in shares of Wabtec by 2.5% during the fourth quarter. Carnegie Investment Counsel now owns 2,051 shares of the transportation company’s stock worth $438,000 after purchasing an additional 51 shares during the period. Finally, Quadrant Capital Group LLC grew 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 worth $818,000 after purchasing an additional 54 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

Wabtec Trading Up 1.0%

Shares of WAB opened at $274.49 on Friday. Wabtec has a 1-year low of $184.26 and a 1-year high of $278.39. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average price is $264.02 and its 200-day moving average price is $245.55. The firm has a market capitalization of $46.58 billion, a price-to-earnings ratio of 38.82, a PEG ratio of 1.94 and a beta of 0.94.

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. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the prior year, the firm earned $2.28 earnings per share. Wabtec’s revenue was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Sell-side analysts anticipate that Wabtec will post 10.61 EPS for the current year.

Wabtec Dividend Announcement

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

Wall Street Analyst Weigh In

WAB has been the topic of a number of research analyst reports. Morgan Stanley restated an “overweight” rating and set a $318.00 price target on shares of Wabtec in a report on Monday, April 27th. Rothschild & Co Redburn upgraded Wabtec from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $262.00 to $285.00 in a report on Thursday, March 26th. Wolfe Research reiterated an “outperform” rating and issued a $303.00 price objective on shares of Wabtec in a research report on Thursday, April 23rd. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Jefferies Financial Group restated a “buy” rating and set a $290.00 target price (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $289.82.

Insider Activity at Wabtec

In related news, insider Sameer Gaur sold 1,082 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $263.50, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rafael Santana sold 60,852 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total value of $16,362,494.28. Following the completion of the transaction, the chief executive officer owned 128,729 shares of the company’s stock, valued at approximately $34,613,940.81. This trade represents a 32.10% 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. Insiders sold a total of 65,423 shares of company stock valued at $17,562,278 in the last three months. Corporate insiders own 0.57% of the company’s stock.

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.