Sienna Gestion Buys Shares of 54,338 Wabtec $WAB

Sienna Gestion purchased a new position in shares of Wabtec (NYSE:WAB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 54,338 shares of the transportation company’s stock, valued at approximately $9,932,000.

Other large investors have also made changes to their positions in the company. Colonial Trust Advisors grew its position in Wabtec by 454.5% during the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock worth $26,000 after buying an additional 100 shares during the period. Piscataqua Savings Bank lifted its position in shares of Wabtec by 12,800.0% during the 3rd quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 128 shares during the period. Motco lifted its position in shares of Wabtec by 6,600.0% during the 3rd quarter. Motco now owns 134 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 132 shares during the period. Salomon & Ludwin LLC boosted its stake in shares of Wabtec by 370.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock worth $32,000 after acquiring an additional 126 shares in the last quarter. Finally, North Capital Inc. grew its holdings in shares of Wabtec by 18,900.0% in the 3rd quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock worth $38,000 after acquiring an additional 189 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Activity at Wabtec

In other news, insider Sameer Gaur sold 1,150 shares of Wabtec stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $262.62, for a total transaction of $302,013.00. Following the completion of the sale, the insider directly owned 12,017 shares in the company, valued at $3,155,904.54. The trade was a 8.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Gregory Sbrocco sold 952 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $258.43, for a total transaction of $246,025.36. Following the completion of the transaction, the executive vice president directly owned 21,159 shares of the company’s stock, valued at approximately $5,468,120.37. This represents a 4.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 33,192 shares of company stock worth $8,379,272 over the last three months. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on WAB. Bank of America raised their price objective on Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. JPMorgan Chase & Co. upped their target price on Wabtec from $215.00 to $245.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Wells Fargo & Company raised their price target on Wabtec from $224.00 to $270.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Wolfe Research raised Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price target for the company in a research note on Thursday, January 8th. Finally, Wall Street Zen upgraded shares of Wabtec from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $269.00.

Wabtec Price Performance

WAB stock opened at $244.16 on Monday. The stock’s 50 day moving average price is $239.58 and its 200 day moving average price is $214.77. The firm has a market cap of $41.63 billion, a P/E ratio of 35.75, a PEG ratio of 1.85 and a beta of 0.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 1.11. Wabtec has a 1 year low of $151.81 and a 1 year high of $266.27.

Wabtec (NYSE:WAB) last released its quarterly earnings results on Wednesday, February 11th. The transportation company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.68 earnings per share. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, sell-side analysts expect that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec declared that its board has approved a stock buyback plan on Wednesday, February 11th that allows the company to repurchase $1.20 billion in shares. This repurchase authorization allows the transportation company to purchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Wabtec Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were issued a $0.31 dividend. This is a positive change from Wabtec’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, February 17th. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. Wabtec’s payout ratio is currently 18.16%.

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.