Leonteq Securities AG Purchases Shares of 2,526 Wabtec $WAB

Leonteq Securities AG purchased a new stake in Wabtec (NYSE:WAB) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 2,526 shares of the transportation company’s stock, valued at approximately $539,000.

A number of other institutional investors have also recently bought and sold shares of WAB. BOKF NA lifted its stake in Wabtec by 66.7% in the fourth quarter. BOKF NA now owns 175 shares of the transportation company’s stock valued at $37,000 after buying an additional 70 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Wabtec in the fourth quarter valued at approximately $42,000. Root Financial Partners LLC bought a new position in Wabtec in the third quarter valued at approximately $44,000. Westfuller Advisors LLC lifted its stake in Wabtec by 83.2% in the fourth quarter. Westfuller Advisors LLC now owns 207 shares of the transportation company’s stock valued at $44,000 after buying an additional 94 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. lifted its stake in Wabtec by 258.3% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 215 shares of the transportation company’s stock valued at $46,000 after buying an additional 155 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

WAB has been the topic of a number of research reports. KeyCorp lifted their price target on shares of Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Citigroup lifted their price target on shares of Wabtec from $283.00 to $292.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Wells Fargo & Company lifted their price target on shares of Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Susquehanna reaffirmed a “positive” rating and issued a $305.00 price target on shares of Wabtec in a research note on Thursday, April 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research note on Monday, April 20th. Ten 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, Wabtec currently has a consensus rating of “Moderate Buy” and a consensus target price of $289.82.

Wabtec Trading Up 0.7%

Shares of NYSE:WAB opened at $257.00 on Friday. The company’s 50-day moving average price is $256.87 and its two-hundred day moving average price is $237.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54. Wabtec has a one year low of $184.26 and a one year high of $275.84. The stock has a market capitalization of $43.61 billion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 1.83 and a beta of 0.97.

Wabtec (NYSE:WAB) last issued its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.62 by $0.09. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the previous year, the firm posted $2.28 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, equities analysts forecast that Wabtec will post 10.61 EPS for the current fiscal year.

Wabtec Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.24 annualized dividend and a yield of 0.5%. Wabtec’s payout ratio is 17.54%.

Wabtec announced that its Board of Directors has approved a share repurchase plan on Wednesday, February 11th that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the transportation company to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other Wabtec news, EVP Gina Trombley sold 4,013 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $241.87, for a total transaction of $970,624.31. Following the sale, the executive vice president directly owned 13,841 shares of the company’s stock, valued at $3,347,722.67. The trade was a 22.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Sameer Gaur sold 1,150 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $262.62, for a total transaction of $302,013.00. Following the sale, the insider directly owned 12,017 shares in the company, valued at $3,155,904.54. This trade represents a 8.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 87,277 shares of company stock worth $23,216,740. 0.57% of the stock is currently owned by company 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.