Wabtec $WAB Shares Bought by Tredje AP fonden

Tredje AP fonden increased its position in shares of Wabtec (NYSE:WAB) by 24.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,291 shares of the transportation company’s stock after buying an additional 3,624 shares during the quarter. Tredje AP fonden’s holdings in Wabtec were worth $3,904,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. CI Investments Inc. increased its position in shares of Wabtec by 6.1% during the 3rd quarter. CI Investments Inc. now owns 865 shares of the transportation company’s stock worth $173,000 after purchasing an additional 50 shares during the last quarter. Carnegie Investment Counsel raised its holdings in Wabtec by 2.6% in the fourth quarter. Carnegie Investment Counsel now owns 2,051 shares of the transportation company’s stock valued at $438,000 after acquiring an additional 51 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Wabtec by 1.3% during the third quarter. Quadrant Capital Group LLC now owns 4,082 shares of the transportation company’s stock worth $818,000 after purchasing an additional 54 shares in the last quarter. Blue Trust Inc. increased its holdings in Wabtec by 11.1% in the fourth quarter. Blue Trust Inc. now owns 549 shares of the transportation company’s stock valued at $117,000 after buying an additional 55 shares during the last quarter. Finally, True Wealth Design LLC raised its stake in Wabtec by 13.9% in the fourth quarter. True Wealth Design LLC now owns 460 shares of the transportation company’s stock valued at $98,000 after buying an additional 56 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wabtec Stock Performance

Shares of WAB stock opened at $255.31 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42. The stock has a 50 day simple moving average of $256.23 and a 200-day simple moving average of $236.48. The company has a market cap of $43.32 billion, a price-to-earnings ratio of 36.11, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97. Wabtec has a 12-month low of $184.26 and a 12-month high of $275.84.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.09. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the company posted $2.28 earnings per share. Wabtec’s quarterly revenue was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, equities analysts forecast that Wabtec will post 10.61 EPS for the current year.

Wabtec announced that its Board of Directors has initiated a stock 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 repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Wabtec Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd will be issued a $0.31 dividend. The ex-dividend date is Friday, May 22nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. Wabtec’s dividend payout ratio is currently 17.54%.

Insider Transactions at Wabtec

In related news, CEO Rafael Santana sold 60,852 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total transaction of $16,362,494.28. Following the sale, the chief executive officer owned 128,729 shares of the company’s stock, valued at $34,613,940.81. This trade represents a 32.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gina Trombley sold 4,013 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $241.87, for a total transaction of $970,624.31. Following the sale, the executive vice president directly owned 13,841 shares in the company, valued at $3,347,722.67. This represents a 22.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 91,729 shares of company stock worth $24,387,500 over the last ninety days. 0.57% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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 report on Monday, April 20th. Wolfe Research reissued an “outperform” rating and issued a $303.00 target price on shares of Wabtec in a report on Thursday, April 23rd. Citigroup lifted their price target on Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Jefferies Financial Group reiterated a “buy” rating and issued a $290.00 price target (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Finally, Susquehanna restated a “positive” rating and issued a $305.00 price objective on shares of Wabtec in a research note on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $289.82.

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.