Kestra Advisory Services LLC Acquires 3,529 Shares of Wabtec $WAB

Kestra Advisory Services LLC raised its holdings in shares of Wabtec (NYSE:WAB) by 8.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 43,439 shares of the transportation company’s stock after purchasing an additional 3,529 shares during the period. Kestra Advisory Services LLC’s holdings in Wabtec were worth $10,856,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WAB. Hilltop Holdings Inc. boosted its stake in shares of Wabtec by 3.9% during the fourth quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock valued at $228,000 after purchasing an additional 40 shares in the last quarter. Apollon Wealth Management LLC raised its stake in Wabtec by 1.6% in the first quarter. Apollon Wealth Management LLC now owns 3,081 shares of the transportation company’s stock worth $770,000 after buying an additional 48 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in Wabtec by 1.0% during the fourth quarter. IHT Wealth Management LLC now owns 4,856 shares of the transportation company’s stock worth $1,037,000 after buying an additional 50 shares during the period. Carnegie Investment Counsel boosted its position in Wabtec by 2.5% during the 4th 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 in the last quarter. Finally, DGS Capital Management LLC boosted its position in Wabtec by 5.2% during the 1st quarter. DGS Capital Management LLC now owns 1,051 shares of the transportation company’s stock valued at $263,000 after acquiring an additional 52 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

WAB has been the subject of several recent research reports. Wolfe Research reissued an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. JPMorgan Chase & Co. cut their target price on Wabtec from $290.00 to $280.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Morgan Stanley reiterated an “overweight” rating and issued a $318.00 target price on shares of Wabtec in a report on Monday, April 27th. Susquehanna reissued a “positive” rating and set a $305.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $289.82.

Wabtec Stock Up 0.1%

Shares of WAB stock opened at $261.50 on Monday. The stock’s fifty day moving average price is $264.85 and its 200 day moving average price is $251.57. Wabtec has a 1-year low of $184.26 and a 1-year high of $284.91. The company has a market cap of $44.37 billion, a price-to-earnings ratio of 36.99, a price-to-earnings-growth ratio of 1.87 and a beta of 0.94. 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 (NYSE:WAB) last released its quarterly 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 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%.The firm’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business posted $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, research analysts expect that Wabtec will post 10.61 earnings per share for the current fiscal year.

Wabtec Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, May 22nd. Wabtec’s dividend payout ratio (DPR) is presently 17.54%.

Insider Buying and Selling

In other Wabtec news, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $262.07, for a total value of $304,787.41. Following the completion of the transaction, the chief executive officer owned 122,914 shares of the company’s stock, valued at approximately $32,212,071.98. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 Wabtec stock in a transaction 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 sale, the insider owned 11,985 shares of the company’s stock, 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 66,586 shares of company stock valued at $17,867,065 over the last quarter. 0.57% of the stock is owned by company 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.