Wabtec $WAB Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in shares of Wabtec (NYSE:WAB) by 0.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,725,361 shares of the transportation company’s stock after selling 14,904 shares during the period. Dimensional Fund Advisors LP’s holdings in Wabtec were worth $431,023,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Hilltop Holdings Inc. boosted its stake in shares of Wabtec by 3.9% in the fourth quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock worth $228,000 after buying an additional 40 shares during the last quarter. Apollon Wealth Management LLC raised its position in Wabtec by 1.6% during the first quarter. Apollon Wealth Management LLC now owns 3,081 shares of the transportation company’s stock valued at $770,000 after acquiring an additional 48 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in Wabtec by 1.0% in 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 period. Carnegie Investment Counsel lifted its holdings in Wabtec by 2.5% in the fourth quarter. Carnegie Investment Counsel now owns 2,051 shares of the transportation company’s stock valued at $438,000 after acquiring an additional 51 shares during the period. Finally, DGS Capital Management LLC boosted its position in Wabtec by 5.2% in the 1st quarter. DGS Capital Management LLC now owns 1,051 shares of the transportation company’s stock worth $263,000 after purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Trading Down 1.6%

Shares of WAB opened at $258.01 on Tuesday. Wabtec has a 52-week low of $184.26 and a 52-week high of $284.91. The stock has a market cap of $43.78 billion, a PE ratio of 36.49, a price-to-earnings-growth ratio of 1.87 and a beta of 0.94. The firm’s fifty day moving average is $264.10 and its two-hundred day moving average is $253.37. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42.

Wabtec (NYSE:WAB) last issued its earnings results 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 business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period 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. Research analysts forecast that Wabtec will post 10.64 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be paid 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 is Tuesday, August 18th. Wabtec’s dividend payout ratio is currently 17.54%.

Analysts Set New Price Targets

WAB has been the topic of a number of analyst reports. Stephens raised shares of Wabtec to a “strong-buy” rating in a research note on Wednesday, July 8th. Wells Fargo & Company boosted their target price on shares of Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Rothschild & Co Redburn raised shares of Wabtec from a “neutral” rating to a “buy” rating and increased their price target for the stock from $262.00 to $285.00 in a report on Thursday, March 26th. Susquehanna restated a “positive” rating and set a $305.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $290.00 price objective (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $293.36.

Insider Transactions at Wabtec

In other news, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $262.07, for a total value of $304,787.41. Following the completion of the sale, the chief executive officer directly owned 122,914 shares in the company, valued at $32,212,071.98. This represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 company’s stock in a transaction that occurred 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 sale, the insider owned 11,985 shares of the company’s stock, valued at $3,158,047.50. This trade represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 5,734 shares of company stock valued at $1,504,571. 0.57% of the stock is owned by insiders.

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.