Wabtec $WAB Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lessened its stake in shares of Wabtec (NYSE:WAB) by 12.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,085 shares of the transportation company’s stock after selling 5,756 shares during the period. Cetera Investment Advisers’ holdings in Wabtec were worth $10,517,000 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 acquired a new position in shares of Wabtec in the 1st quarter valued at $25,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Wabtec by 125.9% in the fourth 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 during the period. Manchester Capital Management LLC raised its stake in shares of Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 72 shares during the last quarter. McMillan Office Inc. acquired a new stake in shares of Wabtec during the fourth quarter worth about $31,000. Finally, Reflection Asset Management acquired a new stake in shares of Wabtec during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

WAB has been the topic of several research reports. Wolfe Research reiterated an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a report on Thursday, April 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Friday, July 17th. Morgan Stanley increased their price objective on shares of Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. KeyCorp raised their target price on shares of Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with 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 $310.64.

Wabtec Price Performance

NYSE:WAB opened at $292.52 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. The firm has a market cap of $49.41 billion, a price-to-earnings ratio of 39.32, a price-to-earnings-growth ratio of 1.98 and a beta of 0.94. The company has a 50 day moving average price of $269.02 and a 200-day moving average price of $257.59. Wabtec has a 1-year low of $184.26 and a 1-year high of $306.64.

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, topping analysts’ consensus estimates of $2.60 by $0.16. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Equities research analysts forecast that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

The firm 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 dividend of $0.31 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. Wabtec’s dividend payout ratio (DPR) is 16.67%.

Insiders Place Their Bets

In other Wabtec news, 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 value of $285,107.00. Following the sale, the insider directly owned 11,985 shares of the company’s stock, valued at approximately $3,158,047.50. This trade represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David L. Deninno sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $301.31, for a total value of $903,930.00. Following the completion of the sale, the vice president owned 55,128 shares of the company’s stock, valued at $16,610,617.68. This trade represents a 5.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 16,834 shares of company stock worth $4,833,958 in the last 90 days. 0.57% of the stock is currently owned by company 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.