Wabtec $WAB Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its stake in shares of Wabtec (NYSE:WAB) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 338,531 shares of the transportation company’s stock after selling 13,238 shares during the period. Hsbc Holdings PLC’s holdings in Wabtec were worth $91,265,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Guggenheim Capital LLC raised its holdings in shares of Wabtec by 7.4% in the second quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company’s stock worth $1,034,000 after buying an additional 342 shares during the last quarter. Bank of Nova Scotia grew its holdings in shares of Wabtec by 0.5% during the second quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company’s stock valued at $3,745,000 after buying an additional 97 shares during the last quarter. Nebula Research & Development LLC increased its position in shares of Wabtec by 208.7% in the 2nd quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock valued at $1,128,000 after acquiring an additional 3,641 shares during the period. Treasurer of the State of North Carolina raised its stake in Wabtec by 11.6% in the 2nd 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 raised its stake in Wabtec by 19.2% in the 2nd 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. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Price Performance

Shares of NYSE WAB opened at $300.63 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. The stock has a market capitalization of $50.78 billion, a price-to-earnings ratio of 40.41, a PEG ratio of 2.01 and a beta of 0.93. The firm’s 50 day simple moving average is $281.85 and its 200-day simple moving average is $266.27. Wabtec has a 12 month low of $184.26 and a 12 month high of $306.64.

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

Wabtec Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec’s dividend payout ratio is presently 16.67%.

Wall Street Analyst Weigh In

WAB has been the subject of a number of research reports. Susquehanna lifted their price target on Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. Wells Fargo & Company raised their price objective on Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, JPMorgan Chase & Co. upped their target price on Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $313.36.

Insider Activity

In related news, EVP Gregory Sbrocco sold 952 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $300.00, for a total value of $285,600.00. Following the completion of the transaction, the executive vice president owned 21,043 shares of the company’s stock, valued at approximately $6,312,900. This represents a 4.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Fetsko sold 3,250 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $293.22, for a total value of $952,965.00. Following the transaction, the insider owned 37,380 shares in the company, valued at $10,960,563.60. This represents a 8.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 21,036 shares of company stock worth $6,113,542. 0.57% of the stock is currently owned by corporate insiders.

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.