Wabtec $WAB Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC cut its stake in shares of Wabtec (NYSE:WAB) by 3.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 128,251 shares of the transportation company’s stock after selling 4,681 shares during the quarter. Wabtec accounts for about 1.1% of Trillium Asset Management LLC’s investment portfolio, making the stock its 20th biggest holding. Trillium Asset Management LLC’s holdings in Wabtec were worth $34,577,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new stake in shares of Wabtec in the first quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in shares of Wabtec in the 2nd quarter valued at $26,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Wabtec by 125.9% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 73 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 72 shares in the last quarter. Finally, Bell Investment Advisors Inc acquired a new stake in Wabtec during the second quarter valued at $29,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WAB. Susquehanna increased their target price 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. Wells Fargo & Company upped their price target on Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Wolfe Research reiterated an “outperform” rating and set a $303.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. Morgan Stanley raised their price objective on Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Citigroup boosted their price objective on Wabtec from $311.00 to $341.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $313.36.

Wabtec Stock Up 0.1%

WAB stock opened at $292.62 on Friday. Wabtec has a 52 week low of $184.26 and a 52 week high of $306.64. 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 firm has a 50-day simple moving average of $279.54 and a 200-day simple moving average of $264.56. The stock has a market capitalization of $49.43 billion, a P/E ratio of 39.33, a P/E/G ratio of 1.98 and a beta of 0.93.

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

Wabtec Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, August 18th. Wabtec’s dividend payout ratio (DPR) is 16.67%.

Insiders Place Their Bets

In related news, EVP Gregory Sbrocco sold 952 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $300.00, for a total value of $285,600.00. Following the completion of the transaction, the executive vice president directly owned 21,043 shares of the company’s stock, valued at approximately $6,312,900. This represents a 4.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 on Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the completion of the transaction, the insider directly owned 11,985 shares of the company’s stock, valued at approximately $3,158,047.50. This represents a 8.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 17,786 shares of company stock valued at $5,160,577. 0.57% of the stock is owned by corporate insiders.

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.