Hudson Bay Capital Management LP Increases Stake in Wabtec $WAB

Hudson Bay Capital Management LP grew its stake in shares of Wabtec (NYSE:WAB) by 338.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,905 shares of the transportation company’s stock after buying an additional 71,698 shares during the period. Hudson Bay Capital Management LP owned 0.05% of Wabtec worth $18,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

WAB has been the topic of several research reports. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Stephens increased their price target on Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Morgan Stanley restated an “overweight” rating and set a $315.00 price target on shares of Wabtec in a report on Tuesday, February 17th. Citigroup lifted their price objective on Wabtec from $258.00 to $283.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Finally, JPMorgan Chase & Co. upped their price objective on Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $269.00.

Insider Transactions at Wabtec

In other news, CEO Rafael Santana sold 1,798 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $245.71, for a total transaction of $441,786.58. Following the transaction, the chief executive officer owned 118,749 shares of the company’s stock, valued at approximately $29,177,816.79. The trade was a 1.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Rogerio Mendonca sold 3,500 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $264.21, for a total value of $924,735.00. Following the completion of the sale, the insider owned 10,101 shares of the company’s stock, valued at approximately $2,668,785.21. This represents a 25.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 31,512 shares of company stock worth $8,160,028. 1.10% of the stock is currently owned by corporate insiders.

Wabtec Stock Performance

Wabtec stock opened at $237.92 on Thursday. The company’s 50-day moving average price is $243.58 and its 200-day moving average price is $217.26. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. The company has a market cap of $40.57 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 1.80 and a beta of 0.99. Wabtec has a twelve month low of $151.81 and a twelve month high of $266.27.

Wabtec (NYSE:WAB) last announced its quarterly earnings results on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter last year, the firm earned $1.68 EPS. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, equities research analysts forecast that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders 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 dividend yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is presently 18.16%.

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

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.