Wabtec $WAB Stock Position Decreased by Erste Asset Management GmbH

Erste Asset Management GmbH decreased its position in Wabtec (NYSE:WAB) by 1.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 203,373 shares of the transportation company’s stock after selling 3,386 shares during the period. Erste Asset Management GmbH’s holdings in Wabtec were worth $44,253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in Wabtec by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company’s stock worth $928,249,000 after purchasing an additional 38,029 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Wabtec by 3.6% in the third quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock valued at $662,390,000 after acquiring an additional 116,329 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of 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 acquiring 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 acquiring an additional 43,376 shares in the last quarter. Finally, 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 acquiring an additional 896,900 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

WAB has been the subject of several recent analyst reports. Wolfe Research reiterated an “outperform” rating and issued a $303.00 price objective on shares of Wabtec in a report on Thursday, April 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Monday, April 20th. KeyCorp increased their price objective on shares of Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Stephens increased their target price on shares of Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $289.82.

Wabtec Stock Up 0.1%

WAB stock opened at $260.77 on Monday. Wabtec has a 12 month low of $184.26 and a 12 month high of $275.84. The firm has a market cap of $44.25 billion, a PE ratio of 36.88, a P/E/G ratio of 1.86 and a beta of 0.94. The firm has a 50 day simple moving average of $261.06 and a 200 day simple moving average of $241.51. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54.

Wabtec (NYSE:WAB) last released its 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 business had revenue of $2.95 billion during 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 business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Equities research analysts forecast that Wabtec will post 10.61 earnings per share 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 given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, May 22nd. Wabtec’s dividend payout ratio is 17.54%.

Wabtec announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 11th that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the transportation company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insider Activity at Wabtec

In related news, EVP Gina Trombley sold 4,013 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $241.87, for a total value of $970,624.31. Following the completion of the sale, the executive vice president owned 13,841 shares in the company, valued at approximately $3,347,722.67. This represents a 22.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $263.77, for a total transaction of $306,764.51. Following the completion of the sale, the chief executive officer owned 127,566 shares of the company’s stock, valued at approximately $33,648,083.82. This trade represents a 0.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 66,028 shares of company stock valued at $17,639,883. 0.57% of the stock is owned by 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.