Securian Asset Management Inc. Sells 3,504 Shares of Wabtec $WAB

Securian Asset Management Inc. lessened its holdings in shares of Wabtec (NYSE:WAB) by 43.0% during the 4th quarter, HoldingsChannel reports. The firm owned 4,638 shares of the transportation company’s stock after selling 3,504 shares during the period. Securian Asset Management Inc.’s holdings in Wabtec were worth $990,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP increased its stake in Wabtec by 3.6% during the 3rd quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock worth $662,390,000 after purchasing an additional 116,329 shares in the last quarter. Nordea Investment Management AB lifted its stake in Wabtec by 55.5% in the fourth quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock valued at $659,939,000 after buying an additional 1,095,083 shares in the last quarter. Boston Partners boosted its holdings in shares of Wabtec by 1.9% in the third quarter. Boston Partners now owns 2,304,832 shares of the transportation company’s stock valued at $462,057,000 after buying an additional 43,376 shares during the period. Farallon Capital Management LLC boosted its holdings in shares of Wabtec by 68.6% in the third quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company’s stock valued at $442,056,000 after buying an additional 896,900 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Wabtec by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,718,241 shares of the transportation company’s stock worth $344,405,000 after acquiring an additional 19,952 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on WAB. Susquehanna reaffirmed a “positive” rating and issued a $305.00 price objective on shares of Wabtec in a research report on Thursday, April 23rd. KeyCorp increased their target price on Wabtec from $240.00 to $308.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Stephens lifted their price target on Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Citigroup boosted their price target on Wabtec from $283.00 to $292.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Monday, April 20th. Ten research 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 presently has a consensus rating of “Moderate Buy” and an average target price of $289.82.

Insider Activity

In other news, CEO Rafael Santana sold 60,852 shares of the 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 completion of the sale, the chief executive officer owned 128,729 shares of the company’s stock, valued at approximately $34,613,940.81. This represents a 32.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nalin Jain sold 7,936 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $264.09, for a total transaction of $2,095,818.24. Following the completion of the transaction, the insider directly owned 6,364 shares of the company’s stock, valued at $1,680,668.76. This represents a 55.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 91,729 shares of company stock valued at $24,387,500. Corporate insiders own 0.57% of the company’s stock.

Wabtec Stock Performance

Shares of WAB opened at $269.38 on Wednesday. The stock has a market capitalization of $45.71 billion, a price-to-earnings ratio of 38.10, a PEG ratio of 1.92 and a beta of 0.97. Wabtec has a 12 month low of $184.26 and a 12 month high of $275.84. The firm has a fifty day simple moving average of $255.58 and a 200 day simple moving average of $234.24. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42.

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

Wabtec Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd will be issued 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 Friday, May 22nd. Wabtec’s dividend payout ratio is presently 17.54%.

Wabtec declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 11th that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the transportation company to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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.