Lifeworks Advisors LLC Cuts Stock Holdings in Wabtec $WAB

Lifeworks Advisors LLC lowered its position in shares of Wabtec (NYSE:WAB) by 12.9% in the first quarter, Holdings Channel.com reports. The fund owned 22,241 shares of the transportation company’s stock after selling 3,285 shares during the quarter. Lifeworks Advisors LLC’s holdings in Wabtec were worth $5,558,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in shares of Wabtec during the first quarter worth approximately $25,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Wabtec by 125.9% in the 4th 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 lifted its holdings 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 purchasing an additional 72 shares in the last quarter. McMillan Office Inc. acquired a new stake in Wabtec during the 4th quarter worth $31,000. Finally, Reflection Asset Management acquired a new stake in Wabtec during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Activity at Wabtec

In other news, CEO Rafael Santana sold 1,163 shares of the stock in a transaction that occurred 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 sale, the chief executive officer owned 122,914 shares of the company’s stock, valued at $32,212,071.98. This represents a 0.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the firm’s stock in a transaction that occurred 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. This represents a 8.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 66,586 shares of company stock valued at $17,867,065. Corporate insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WAB shares. Citigroup upped their target price on shares of Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Morgan Stanley restated an “overweight” rating and set a $318.00 price target on shares of Wabtec in a research report on Monday, April 27th. Wells Fargo & Company upped their price objective 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. Susquehanna reiterated a “positive” rating and issued a $305.00 price objective on shares of Wabtec in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. One investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $289.82.

Wabtec Stock Up 0.1%

Shares of WAB opened at $261.50 on Monday. Wabtec has a 52-week low of $184.26 and a 52-week high of $284.91. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $264.85 and a two-hundred day simple moving average of $251.57. The company has a market capitalization of $44.37 billion, a PE ratio of 36.99, a price-to-earnings-growth ratio of 1.87 and a beta of 0.94.

Wabtec (NYSE:WAB) last announced its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.09. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the previous year, the company posted $2.28 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, equities analysts forecast that Wabtec will post 10.61 EPS for the current year.

Wabtec Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, May 22nd. Wabtec’s payout ratio is presently 17.54%.

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.