Natixis Advisors LLC Sells 79,001 Shares of Wabtec $WAB

Natixis Advisors LLC lowered its stake in Wabtec (NYSE:WAB) by 43.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 104,871 shares of the transportation company’s stock after selling 79,001 shares during the quarter. Natixis Advisors LLC owned about 0.06% of Wabtec worth $21,023,000 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. Penserra Capital Management LLC increased its holdings in Wabtec by 9.9% in the second quarter. Penserra Capital Management LLC now owns 933 shares of the transportation company’s stock valued at $195,000 after purchasing an additional 84 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Wabtec by 24.5% in the second quarter. Los Angeles Capital Management LLC now owns 7,504 shares of the transportation company’s stock valued at $1,571,000 after buying an additional 1,478 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Wabtec during the second quarter worth about $2,542,000. Profund Advisors LLC grew its position in shares of Wabtec by 31.1% during the 2nd quarter. Profund Advisors LLC now owns 2,409 shares of the transportation company’s stock worth $504,000 after buying an additional 571 shares during the period. Finally, Allworth Financial LP grew its position in shares of Wabtec by 19.7% during the 2nd quarter. Allworth Financial LP now owns 1,702 shares of the transportation company’s stock worth $356,000 after buying an additional 280 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Wabtec Trading Down 0.3%

NYSE:WAB opened at $245.94 on Thursday. Wabtec has a fifty-two week low of $151.81 and a fifty-two week high of $266.27. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.11 and a quick ratio of 0.57. The stock has a market capitalization of $41.94 billion, a PE ratio of 36.01, a price-to-earnings-growth ratio of 1.86 and a beta of 0.99. The business’s 50-day simple moving average is $241.42 and its 200-day simple moving average is $215.73.

Wabtec (NYSE:WAB) last posted its earnings results on Wednesday, February 11th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. The business 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%.Wabtec’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 EPS. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Sell-side analysts expect that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were given a dividend of $0.31 per share. This is a positive change from Wabtec’s previous quarterly dividend of $0.25. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, February 17th. Wabtec’s payout ratio is currently 18.16%.

Wabtec declared that its board has authorized 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 usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

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

Insider Buying and Selling at Wabtec

In related news, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $243.10, for a total value of $282,725.30. Following the completion of the transaction, the chief executive officer directly owned 190,744 shares of the company’s stock, valued at approximately $46,369,866.40. This represents a 0.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John A. Olin sold 11,000 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $263.30, for a total value of $2,896,300.00. Following the transaction, the chief financial officer owned 60,487 shares of the company’s stock, valued at approximately $15,926,227.10. This trade represents a 15.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 34,355 shares of company stock valued at $8,661,997 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

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.