W.G. Shaheen & Associates DBA Whitney & Co Sells 38,105 Shares of Wabtec $WAB

W.G. Shaheen & Associates DBA Whitney & Co trimmed its holdings in Wabtec (NYSE:WAB) by 97.0% in the first quarter, Holdings Channel reports. The institutional investor owned 1,186 shares of the transportation company’s stock after selling 38,105 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Wabtec were worth $296,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whipplewood Advisors LLC purchased a new stake in shares of Wabtec during the first quarter worth $25,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after acquiring an additional 73 shares during the period. Manchester Capital Management LLC grew its position in shares of Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 72 shares in the last quarter. McMillan Office Inc. purchased a new position in shares of Wabtec in the fourth quarter valued at $31,000. Finally, Reflection Asset Management purchased a new position in shares of Wabtec in the fourth quarter valued at $35,000. Institutional investors own 91.69% of the company’s stock.

Insider Activity at Wabtec

In related news, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $261.06, for a total value of $303,612.78. Following the sale, the chief executive officer directly owned 124,077 shares of the company’s stock, valued at $32,391,541.62. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $263.50, for a total value of $285,107.00. Following the completion of the sale, the insider owned 11,985 shares of the company’s stock, valued at approximately $3,158,047.50. This trade represents a 8.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 5,734 shares of company stock worth $1,504,571. 0.57% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WAB. Citigroup dropped their price objective on Wabtec from $313.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a $290.00 target price (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research report on Monday, April 20th. Susquehanna reiterated a “positive” rating and issued a $305.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. Finally, Rothschild & Co Redburn raised Wabtec from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $262.00 to $285.00 in a research note on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $293.36.

Wabtec Stock Performance

Wabtec stock opened at $261.85 on Friday. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $284.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. The stock has a market cap of $44.43 billion, a P/E ratio of 37.04, a price-to-earnings-growth ratio of 1.88 and a beta of 0.94. The firm’s fifty day moving average price is $264.30 and its 200-day moving average price is $252.83.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.Wabtec’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, equities research analysts expect that Wabtec will post 10.64 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 given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, August 18th. Wabtec’s dividend payout ratio (DPR) is presently 17.54%.

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.