Hsbc Holdings PLC Reduces Stock Holdings in Wabtec $WAB

Hsbc Holdings PLC decreased its holdings in Wabtec (NYSE:WAB) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 306,009 shares of the transportation company’s stock after selling 10,692 shares during the quarter. Hsbc Holdings PLC’s holdings in Wabtec were worth $65,452,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of WAB. Clal Insurance Enterprises Holdings Ltd raised its stake 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 buying an additional 73 shares during the period. Manchester Capital Management LLC grew its stake in shares of Wabtec by 122.0% during the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 72 shares during the period. McMillan Office Inc. bought a new stake in Wabtec during the 4th quarter worth approximately $31,000. Reflection Asset Management bought a new stake in Wabtec during the 4th quarter worth approximately $35,000. Finally, BOKF NA lifted its holdings 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 in the last quarter. Institutional investors own 91.69% of the company’s stock.

Insider Activity at Wabtec

In other Wabtec news, insider Sameer Gaur sold 1,082 shares of Wabtec 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 sale, the insider owned 11,985 shares of the company’s stock, valued at $3,158,047.50. The trade was a 8.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Rafael Santana sold 60,852 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total value of $16,362,494.28. Following the sale, the chief executive officer directly owned 128,729 shares in the company, valued at $34,613,940.81. This trade represents a 32.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 65,423 shares of company stock valued at $17,562,278 in the last 90 days. 0.57% of the stock is currently owned by company insiders.

Wabtec Stock Up 1.1%

Shares of WAB stock opened at $276.80 on Tuesday. The stock has a market cap of $46.97 billion, a P/E ratio of 39.15, a PEG ratio of 1.96 and a beta of 0.94. Wabtec has a 52 week low of $184.26 and a 52 week high of $278.98. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. The company’s fifty day simple moving average is $264.23 and its two-hundred day simple moving average is $246.50.

Wabtec (NYSE:WAB) last issued 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. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter last year, the business posted $2.28 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Analysts predict that Wabtec will post 10.61 EPS for the current fiscal year.

Wabtec Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.24 dividend on an annualized basis and a yield of 0.4%. Wabtec’s dividend payout ratio is presently 17.54%.

Analyst Ratings Changes

WAB has been the subject of a number of analyst reports. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. JPMorgan Chase & Co. dropped their target price on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Wells Fargo & Company increased their price target on Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Susquehanna reissued a “positive” rating and set a $305.00 price target on shares of Wabtec in a report on Thursday, April 23rd. Finally, Citigroup upped their price objective on Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Wabtec currently has a consensus rating of “Moderate Buy” and a consensus target price of $289.82.

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.