Wellington Grp LLC Sells 1,990 Shares of Wabtec $WAB

Wellington Grp LLC reduced its holdings in shares of Wabtec (NYSE:WAB) by 83.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 387 shares of the transportation company’s stock after selling 1,990 shares during the period. Wellington Grp LLC’s holdings in Wabtec were worth $97,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Whipplewood Advisors LLC acquired a new position in Wabtec during the first quarter worth $25,000. Clal Insurance Enterprises Holdings Ltd grew its position in Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Manchester Capital Management LLC increased its stake in Wabtec by 122.0% in the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after buying an additional 72 shares during the last quarter. McMillan Office Inc. acquired a new stake in Wabtec in the 4th quarter valued at $31,000. Finally, Reflection Asset Management bought a new stake in Wabtec during the 4th quarter worth about $35,000. Institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

WAB has been the subject of a number of recent research reports. Susquehanna increased their price objective on shares of Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research note on Thursday, July 23rd. Morgan Stanley lifted their target price on Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. Wells Fargo & Company raised their price target on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $303.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Wabtec has a consensus rating of “Moderate Buy” and an average target price of $310.64.

Insider Activity at Wabtec

In related news, insider Sameer Gaur sold 1,082 shares of the business’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 completion of the sale, the insider directly owned 11,985 shares in the company, valued at $3,158,047.50. The trade was a 8.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP David L. Deninno sold 3,000 shares of Wabtec stock in a transaction on Friday, July 24th. The stock was sold at an average price of $301.31, for a total value of $903,930.00. Following the sale, the vice president directly owned 55,128 shares of the company’s stock, valued at $16,610,617.68. This represents a 5.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 16,834 shares of company stock valued at $4,833,958 in the last 90 days. Insiders own 0.57% of the company’s stock.

Wabtec Price Performance

Shares of NYSE WAB opened at $291.74 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average price is $269.72 and its two-hundred day moving average price is $257.83. The company has a market cap of $49.28 billion, a PE ratio of 39.21, a price-to-earnings-growth ratio of 1.97 and a beta of 0.94. Wabtec has a twelve month low of $184.26 and a twelve month high of $306.64.

Wabtec (NYSE:WAB) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.16. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the firm posted $2.27 EPS. The company’s quarterly revenue was up 17.5% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, analysts predict that Wabtec will post 10.86 EPS for the current year.

Wabtec Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec’s dividend payout ratio is currently 16.67%.

Wabtec Company 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.