Nykredit A S Acquires New Position in Wabtec $WAB

Nykredit A S purchased a new position in shares of Wabtec (NYSE:WAB) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 73,329 shares of the transportation company’s stock, valued at approximately $19,769,000.

Several other institutional investors have also added to or reduced their stakes in WAB. Whipplewood Advisors LLC purchased a new position in shares of Wabtec in the first quarter worth about $25,000. Meeder Asset Management Inc. bought a new position in Wabtec during the 2nd quarter worth approximately $26,000. Clal Insurance Enterprises Holdings Ltd increased its stake in Wabtec by 125.9% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Manchester Capital Management LLC lifted its position in 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 during the last quarter. Finally, Bell Investment Advisors Inc bought a new stake in Wabtec in the second quarter valued at approximately $29,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wabtec Stock Up 0.5%

Shares of NYSE:WAB opened at $282.25 on Friday. The firm has a market capitalization of $47.67 billion, a P/E ratio of 37.94, a P/E/G ratio of 1.90 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. The stock has a 50 day moving average price of $283.36 and a 200-day moving average price of $267.88. Wabtec has a 52-week low of $184.26 and a 52-week high of $306.64.

Wabtec (NYSE:WAB) last issued its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.16. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, equities research analysts anticipate that Wabtec will post 10.86 EPS for the current fiscal year.

Wabtec Dividend Announcement

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

Insider Transactions at Wabtec

In other news, VP David L. Deninno sold 3,000 shares of Wabtec stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $301.31, for a total value of $903,930.00. Following the completion of the transaction, the vice president owned 55,128 shares of the company’s stock, valued at $16,610,617.68. The trade was a 5.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $285,107.00. Following the completion of the transaction, the insider owned 11,985 shares in the company, valued at approximately $3,158,047.50. This represents a 8.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 19,873 shares of company stock worth $5,809,243 over the last quarter. Corporate insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WAB shares. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. JPMorgan Chase & Co. increased their price target on shares of Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. KeyCorp raised their price target on shares of Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research note on Friday, July 17th. Finally, Susquehanna boosted their price target on Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $313.36.

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.