Leeward Investments LLC MA Has $12.04 Million Position in Wabtec $WAB

Leeward Investments LLC MA cut its holdings in shares of Wabtec (NYSE:WAB) by 5.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 44,666 shares of the transportation company’s stock after selling 2,574 shares during the period. Leeward Investments LLC MA’s holdings in Wabtec were worth $12,042,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WAB. Meeder Advisory Services Inc. grew its holdings in shares of Wabtec by 1.6% in the 1st quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company’s stock valued at $618,000 after acquiring an additional 38 shares in the last quarter. Hilltop Holdings Inc. raised its holdings in Wabtec by 3.9% during the fourth quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock worth $228,000 after acquiring an additional 40 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in Wabtec by 1.6% during the first quarter. Apollon Wealth Management LLC now owns 3,081 shares of the transportation company’s stock worth $770,000 after acquiring an additional 48 shares in the last quarter. IHT Wealth Management LLC raised its stake in shares of Wabtec by 1.0% during the 4th quarter. IHT Wealth Management LLC now owns 4,856 shares of the transportation company’s stock worth $1,037,000 after purchasing an additional 50 shares in the last quarter. Finally, DGS Capital Management LLC raised its stake in shares of Wabtec by 5.2% during 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. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WAB. KeyCorp raised their target price on shares of Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Stephens upped their price target on shares of Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Wells Fargo & Company increased their price target on shares of Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Wall Street Zen downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Friday, July 17th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $313.36.

Wabtec Stock Up 0.8%

WAB stock opened at $297.93 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $50.32 billion, a PE ratio of 40.04, a PEG ratio of 2.00 and a beta of 0.93. Wabtec has a 1-year low of $184.26 and a 1-year high of $306.64. The business’s 50 day simple moving average is $276.02 and its 200 day simple moving average is $262.26.

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. As a group, research analysts anticipate that Wabtec will post 10.86 EPS for the current year.

Wabtec Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. Wabtec’s dividend payout ratio is presently 16.67%.

Insider Activity at Wabtec

In related news, insider Sameer Gaur sold 1,000 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $300.64, for a total value of $300,640.00. Following the transaction, the insider owned 10,985 shares in the company, valued at approximately $3,302,530.40. This represents a 8.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Eric Gebhardt sold 7,100 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the completion of the transaction, the chief technology officer directly owned 19,153 shares in the company, valued at approximately $5,731,918.31. This represents a 27.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 16,834 shares of company stock worth $4,874,977. 0.57% of the stock is owned by corporate insiders.

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.