Wabtec $WAB Shares Sold by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas cut its position in Wabtec (NYSE:WAB) by 73.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,645 shares of the transportation company’s stock after selling 15,708 shares during the period. Oddo BHF Asset Management Sas’ holdings in Wabtec were worth $1,205,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WAB. Clal Insurance Enterprises Holdings Ltd increased 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 valued at $28,000 after purchasing an additional 73 shares during the period. Manchester Capital Management LLC increased its stake 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 worth $28,000 after acquiring an additional 72 shares during the period. McMillan Office Inc. acquired a new stake in shares of Wabtec in the fourth quarter worth $31,000. BOKF NA lifted its position in Wabtec by 66.7% during the fourth quarter. BOKF NA now owns 175 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 70 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in Wabtec during the fourth quarter valued at $42,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Wabtec Stock Up 1.3%

WAB stock opened at $272.26 on Wednesday. The firm has a market cap of $46.20 billion, a PE ratio of 38.51, a P/E/G ratio of 1.92 and a beta of 0.94. 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 firm’s fifty day moving average is $263.29 and its 200 day moving average is $244.63. Wabtec has a one year low of $184.26 and a one year high of $276.22.

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

Wabtec Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were 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 was Friday, May 22nd. Wabtec’s dividend payout ratio (DPR) is currently 17.54%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WAB shares. Rothschild & Co Redburn upgraded shares of Wabtec from a “neutral” rating to a “buy” rating and boosted their target price for the company from $262.00 to $285.00 in a research report on Thursday, March 26th. Susquehanna restated a “positive” rating and set a $305.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. Wolfe Research restated an “outperform” rating and set a $303.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. Wells Fargo & Company boosted their target price on shares of Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. decreased their target price 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 company. According to data from MarketBeat, Wabtec presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.82.

Insider Buying and Selling at Wabtec

In other news, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $261.06, for a total transaction of $303,612.78. Following the completion of the transaction, the chief executive officer directly owned 124,077 shares of the company’s stock, valued at $32,391,541.62. This represents a 0.93% decrease in their position. The sale was disclosed in a filing with the SEC, 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 company’s 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 transaction, the insider directly owned 11,985 shares of the company’s stock, valued at approximately $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 65,423 shares of company stock worth $17,562,278. 0.57% of the stock is owned by company insiders.

About Wabtec

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.