Atlas Capital Advisors Inc. Buys New Holdings in Wabtec $WAB

Atlas Capital Advisors Inc. bought a new stake in Wabtec (NYSE:WAB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,752 shares of the transportation company’s stock, valued at approximately $587,000.

Several other hedge funds have also bought and sold shares of WAB. Guggenheim Capital LLC lifted its stake in Wabtec by 7.4% in the 2nd quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company’s stock valued at $1,034,000 after purchasing an additional 342 shares during the last quarter. Bank of Nova Scotia lifted its position in Wabtec by 0.5% during the second quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company’s stock worth $3,745,000 after acquiring an additional 97 shares during the last quarter. Nebula Research & Development LLC lifted its position in Wabtec by 208.7% during the second quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock worth $1,128,000 after acquiring an additional 3,641 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in Wabtec by 11.6% during the second quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company’s stock worth $19,281,000 after acquiring an additional 9,545 shares during the last quarter. Finally, Ieq Capital LLC lifted its position in Wabtec by 19.2% during the second quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company’s stock worth $6,354,000 after acquiring an additional 4,889 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WAB has been the subject of several research reports. Rothschild & Co Redburn upgraded shares of Wabtec from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $262.00 to $285.00 in a research report on Thursday, March 26th. Susquehanna restated a “positive” rating and set a $305.00 price objective on shares of Wabtec in a research report on Thursday, April 23rd. Citigroup raised their price objective on shares of Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Wabtec presently has a consensus rating of “Moderate Buy” and a consensus target price of $289.82.

Wabtec Stock Up 1.4%

Shares of WAB opened at $268.92 on Tuesday. Wabtec has a 12 month low of $184.26 and a 12 month high of $275.84. The firm’s 50 day moving average is $262.92 and its 200-day moving average is $244.18. The stock has a market capitalization of $45.63 billion, a PE ratio of 38.04, a P/E/G ratio of 1.90 and a beta of 0.94. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42.

Wabtec (NYSE:WAB) last announced its 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 company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period last year, the firm earned $2.28 earnings per share. The business’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. Equities research analysts forecast that Wabtec will post 10.61 EPS for the current year.

Wabtec Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, May 22nd. Wabtec’s dividend payout ratio (DPR) is 17.54%.

Insider Transactions at Wabtec

In related news, CEO Rafael Santana sold 60,852 shares of Wabtec stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $268.89, for a total value of $16,362,494.28. Following the transaction, the chief executive officer directly owned 128,729 shares of the company’s stock, valued at $34,613,940.81. This trade represents 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. Insiders have sold 64,341 shares of company stock valued at $17,277,171 over the last quarter. Company insiders own 0.57% of the company’s stock.

Wabtec Company 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.