5,977 Shares in Wabtec $WAB Bought by Y.D. More Investments Ltd

Y.D. More Investments Ltd purchased a new stake in shares of Wabtec (NYSE:WAB) during the 4th quarter, HoldingsChannel reports. The firm purchased 5,977 shares of the transportation company’s stock, valued at approximately $1,276,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Varma Mutual Pension Insurance Co raised its holdings in Wabtec by 9.1% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 47,924 shares of the transportation company’s stock worth $9,607,000 after purchasing an additional 4,000 shares during the period. Gibraltar Capital Management Inc. purchased a new position in Wabtec during the third quarter worth approximately $5,801,000. 111 Capital acquired a new stake in Wabtec in the third quarter valued at approximately $949,000. Alberta Investment Management Corp acquired a new stake in Wabtec in the third quarter valued at approximately $842,000. Finally, Nordea Investment Management AB increased its position 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 buying an additional 1,095,083 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wabtec Stock Performance

NYSE:WAB opened at $253.98 on Monday. The company’s 50-day moving average price is $247.73 and its 200-day moving average price is $222.11. The company has a current ratio of 1.11, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The company has a market cap of $43.22 billion, a P/E ratio of 37.19, a P/E/G ratio of 1.92 and a beta of 0.99. Wabtec has a twelve month low of $151.81 and a twelve month high of $266.27.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. Wabtec’s quarterly revenue was up 14.8% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, sell-side analysts forecast that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec declared that its Board of Directors has approved a share repurchase program on Wednesday, February 11th that permits the company to buyback $1.20 billion in outstanding shares. This buyback authorization permits the transportation company to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wabtec Increases Dividend

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

Insider Activity

In other Wabtec news, CEO Rafael Santana sold 1,798 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $245.71, for a total value of $441,786.58. Following the completion of the sale, the chief executive officer directly owned 118,749 shares of the company’s stock, valued at $29,177,816.79. This trade represents a 1.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John A. Olin sold 11,000 shares of Wabtec stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $263.30, for a total value of $2,896,300.00. Following the transaction, the chief financial officer owned 60,487 shares in the company, valued at approximately $15,926,227.10. This represents a 15.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 31,512 shares of company stock valued at $8,160,028 in the last 90 days. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

WAB has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, January 21st. Stephens boosted their price target on shares of Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Rothschild & Co Redburn raised shares of Wabtec from a “neutral” rating to a “buy” rating and increased their price objective for the company from $262.00 to $285.00 in a report on Thursday, March 26th. Morgan Stanley reiterated an “overweight” rating and issued a $315.00 target price on shares of Wabtec in a research report on Tuesday, February 17th. Finally, KeyCorp boosted their target price on shares of Wabtec from $240.00 to $308.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $272.08.

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.