Wabtec $WAB Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its holdings in Wabtec (NYSE:WAB) by 25.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,669 shares of the transportation company’s stock after selling 3,991 shares during the quarter. Intech Investment Management LLC’s holdings in Wabtec were worth $2,339,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in Wabtec in the 2nd quarter valued at approximately $347,194,000. Qube Research & Technologies Ltd purchased a new stake in shares of Wabtec in the second quarter valued at $121,612,000. Aviva PLC boosted its stake in shares of Wabtec by 7,960.0% during the second quarter. Aviva PLC now owns 527,685 shares of the transportation company’s stock valued at $110,471,000 after acquiring an additional 521,138 shares during the last quarter. Vanguard Group Inc. increased its position in Wabtec by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 19,930,893 shares of the transportation company’s stock worth $4,172,532,000 after purchasing an additional 493,437 shares in the last quarter. Finally, Amundi raised its stake in Wabtec by 36.8% in the 2nd quarter. Amundi now owns 1,614,789 shares of the transportation company’s stock valued at $345,371,000 after purchasing an additional 434,401 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WAB shares. Morgan Stanley reaffirmed an “overweight” rating and set a $315.00 price target on shares of Wabtec in a research note on Tuesday, February 17th. Citigroup upped their price objective on shares of Wabtec from $258.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, January 21st. Bank of America increased their price target on Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, KeyCorp lifted their price objective on Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $269.00.

Wabtec Stock Down 1.1%

Shares of WAB opened at $260.70 on Wednesday. Wabtec has a fifty-two week low of $151.81 and a fifty-two week high of $266.27. The company’s fifty day moving average is $237.61 and its two-hundred day moving average is $213.49. The firm has a market cap of $44.45 billion, a PE ratio of 38.17, a price-to-earnings-growth ratio of 1.99 and a beta of 0.99. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, February 11th. The transportation company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.86 billion. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the company posted $1.68 EPS. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Analysts forecast that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a dividend of $0.31 per share. This is a boost from Wabtec’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. Wabtec’s dividend payout ratio is currently 18.16%.

Wabtec announced that its board has initiated a share repurchase plan on Wednesday, February 11th that authorizes the company to repurchase $1.20 billion in shares. This repurchase authorization authorizes the transportation company to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Wabtec

In related news, insider Michael Fetsko sold 5,058 shares of Wabtec stock in a transaction on Friday, December 12th. The shares were sold at an average price of $215.72, for a total transaction of $1,091,111.76. Following the transaction, the insider owned 36,882 shares in the company, valued at approximately $7,956,185.04. The trade was a 12.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO John A. Olin sold 11,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $263.30, for a total transaction of $2,896,300.00. Following the sale, the chief financial officer directly owned 60,487 shares of the company’s stock, valued at approximately $15,926,227.10. This trade represents a 15.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,211 shares of company stock valued at $9,885,467 in the last three months. 1.10% of the stock is owned by company 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.