Gaddis Premier Wealth Advisors LLC Buys New Shares in Wabtec $WAB

Gaddis Premier Wealth Advisors LLC bought a new stake in shares of Wabtec (NYSE:WAB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,409 shares of the transportation company’s stock, valued at approximately $514,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Fox Run Management L.L.C. purchased a new position in Wabtec during the fourth quarter valued at $2,654,000. Cerity Partners LLC lifted its position in Wabtec by 5.3% during the fourth quarter. Cerity Partners LLC now owns 158,660 shares of the transportation company’s stock valued at $33,866,000 after purchasing an additional 8,032 shares in the last quarter. Manchester Capital Management LLC lifted its position in Wabtec by 122.0% during the fourth 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. JPMorgan Chase & Co. raised its holdings in Wabtec by 1.8% during the fourth quarter. JPMorgan Chase & Co. now owns 973,757 shares of the transportation company’s stock valued at $207,849,000 after acquiring an additional 16,842 shares during the period. Finally, Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its holdings in Wabtec by 1.7% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 8,841 shares of the transportation company’s stock valued at $1,887,000 after acquiring an additional 150 shares during the period. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wabtec Stock Down 0.4%

NYSE WAB opened at $259.43 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. The company has a market capitalization of $44.02 billion, a P/E ratio of 36.69, a P/E/G ratio of 1.86 and a beta of 0.94. Wabtec has a one year low of $184.26 and a one year high of $275.84. The stock has a 50 day moving average price of $261.34 and a 200-day moving average price of $241.94.

Wabtec (NYSE:WAB) last posted its 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 firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, equities analysts predict that Wabtec will post 10.61 EPS for the current fiscal year.

Wabtec Dividend Announcement

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

Wabtec declared that its board has approved a stock repurchase program on Wednesday, February 11th that permits the company to buyback $1.20 billion in shares. This buyback authorization permits the transportation company to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

WAB has been the topic of a number of recent analyst reports. Citigroup raised their price target on Wabtec from $283.00 to $292.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Jefferies Financial Group reiterated a “buy” rating and set a $290.00 price objective (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Susquehanna reaffirmed a “positive” rating and set a $305.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. Morgan Stanley reiterated an “overweight” rating and issued a $318.00 price target on shares of Wabtec in a report on Monday, April 27th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Wabtec has a consensus rating of “Moderate Buy” and an average target price of $289.82.

Insider Buying and Selling

In other Wabtec news, CEO Rafael Santana sold 60,852 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total transaction of $16,362,494.28. Following the sale, the chief executive officer directly owned 128,729 shares of the company’s stock, valued at $34,613,940.81. The trade was a 32.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gina Trombley sold 4,013 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $241.87, for a total value of $970,624.31. Following the sale, the executive vice president directly owned 13,841 shares in the company, valued at $3,347,722.67. The trade was a 22.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 66,028 shares of company stock valued at $17,639,883 over the last quarter. Corporate insiders own 0.57% of the company’s stock.

Wabtec 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.