Virtu Financial LLC Acquires New Position in Wabtec $WAB

Virtu Financial LLC bought a new position in Wabtec (NYSE:WAB) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 3,426 shares of the transportation company’s stock, valued at approximately $731,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Wabtec during the fourth quarter valued at approximately $409,039,000. Price T Rowe Associates Inc. MD raised 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 acquiring an additional 1,344,744 shares during the last quarter. Nordea Investment Management AB lifted its position in Wabtec by 55.5% in the 4th quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock valued at $659,939,000 after acquiring an additional 1,095,083 shares in the last quarter. Farallon Capital Management LLC boosted its stake in Wabtec by 68.6% during the 3rd quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company’s stock valued at $442,056,000 after purchasing an additional 896,900 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Wabtec by 360.0% during the 4th quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company’s stock valued at $188,945,000 after purchasing an additional 692,773 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Insider Activity at Wabtec

In related news, 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 value of $16,362,494.28. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $263.50, for a total transaction of $285,107.00. Following the completion of the transaction, the insider owned 11,985 shares in the company, valued at $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 65,423 shares of company stock worth $17,562,278 in the last quarter. Company insiders own 0.57% of the company’s stock.

Wabtec Stock Performance

WAB stock opened at $276.80 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54. Wabtec has a 1 year low of $184.26 and a 1 year high of $278.98. The company has a market cap of $46.97 billion, a P/E ratio of 39.15, a price-to-earnings-growth ratio of 1.96 and a beta of 0.94. The stock’s fifty day moving average price is $264.23 and its 200-day moving average price is $246.50.

Wabtec (NYSE:WAB) last posted its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, equities analysts forecast that Wabtec will post 10.61 earnings per share for the current year.

Wabtec Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 22nd were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, May 22nd. Wabtec’s dividend payout ratio is 17.54%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wolfe Research restated an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a research note on Thursday, April 23rd. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Wells Fargo & Company boosted their target price on Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Monday, April 20th. Finally, Citigroup raised their price target on shares of Wabtec from $283.00 to $292.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $289.82.

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.