Bull Harbor Capital LLC Buys New Stake in Wabtec $WAB

Bull Harbor Capital LLC purchased a new position in Wabtec (NYSE:WAB) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,517 shares of the transportation company’s stock, valued at approximately $1,129,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Wabtec during the fourth quarter valued at approximately $409,039,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Wabtec by 20.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock worth $1,700,238,000 after buying an additional 1,344,744 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Wabtec by 360.0% during the 4th quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company’s stock worth $188,945,000 after buying an additional 692,773 shares during the period. UBS Group AG lifted its position in shares of Wabtec by 194.2% during the 3rd quarter. UBS Group AG now owns 1,033,304 shares of the transportation company’s stock worth $207,146,000 after buying an additional 682,048 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in Wabtec by 288.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 851,733 shares of the transportation company’s stock valued at $212,857,000 after buying an additional 632,218 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Susquehanna upped their price target on Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a research report on Thursday, July 23rd. Morgan Stanley boosted their target price on shares of Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Citigroup lowered their target price on shares of Wabtec from $313.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Wall Street Zen upgraded shares of Wabtec from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Stephens lifted their price target on shares of Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $310.64.

Insider Activity at Wabtec

In related news, CTO Eric Gebhardt sold 7,100 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $299.27, for a total value of $2,124,817.00. Following the completion of the transaction, the chief technology officer owned 19,153 shares in the company, valued at $5,731,918.31. The trade was a 27.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $262.07, for a total value of $304,787.41. Following the transaction, the chief executive officer directly owned 122,914 shares in the company, valued at approximately $32,212,071.98. This represents a 0.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 16,834 shares of company stock worth $4,833,958. 0.57% of the stock is currently owned by company insiders.

Wabtec Stock Down 4.5%

Shares of NYSE WAB opened at $292.04 on Thursday. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64. The firm’s 50-day simple moving average is $268.27 and its 200 day simple moving average is $257.11. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The company has a market cap of $49.33 billion, a price-to-earnings ratio of 39.25, a price-to-earnings-growth ratio of 2.07 and a beta of 0.94.

Wabtec (NYSE:WAB) last posted its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the company posted $2.27 EPS. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, research analysts expect that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. Wabtec’s dividend payout ratio (DPR) is currently 16.67%.

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.