Hikari Power Ltd Invests $1.66 Million in Wabtec $WAB

Hikari Power Ltd bought a new position in shares of Wabtec (NYSE:WAB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,143 shares of the transportation company’s stock, valued at approximately $1,656,000. Wabtec accounts for about 0.2% of Hikari Power Ltd’s holdings, making the stock its 24th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new position in Wabtec during the 1st quarter worth approximately $25,000. Bell Investment Advisors Inc purchased a new stake in shares of Wabtec during the 2nd quarter worth $29,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Wabtec by 125.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Manchester Capital Management LLC grew its stake in shares of Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 72 shares in the last quarter. Finally, McMillan Office Inc. acquired a new position in shares of Wabtec during the fourth quarter worth $31,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Price Performance

Shares of NYSE:WAB opened at $299.40 on Monday. The company’s fifty day moving average price is $276.79 and its 200 day moving average price is $262.74. Wabtec has a 12 month low of $184.26 and a 12 month high of $306.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. The firm has a market capitalization of $50.57 billion, a P/E ratio of 40.24, a P/E/G ratio of 2.03 and a beta of 0.93.

Wabtec (NYSE:WAB) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.60 by $0.16. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. Wabtec’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, sell-side analysts predict that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec’s payout ratio is presently 16.67%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. KeyCorp raised their price target on Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Wolfe Research reaffirmed an “outperform” rating and set a $303.00 price objective on shares of Wabtec in a research report on Thursday, April 23rd. Stephens increased their price objective on Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Wells Fargo & Company boosted their target price on Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wabtec currently has a consensus rating of “Moderate Buy” and an average target price of $313.36.

Insider Transactions at Wabtec

In other Wabtec news, VP David L. Deninno sold 3,000 shares of Wabtec stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $301.31, for a total transaction of $903,930.00. Following the transaction, the vice president owned 55,128 shares of the company’s stock, valued at $16,610,617.68. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Sameer Gaur sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $300.64, for a total value of $300,640.00. Following the completion of the sale, the insider owned 10,985 shares of the company’s stock, valued at approximately $3,302,530.40. This represents a 8.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 16,834 shares of company stock valued at $4,874,977 in the last 90 days. Company insiders own 0.57% of the company’s stock.

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.