The Manufacturers Life Insurance Company Trims Position in Wabtec $WAB

The Manufacturers Life Insurance Company decreased its position in Wabtec (NYSE:WAB) by 4.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 88,739 shares of the transportation company’s stock after selling 4,201 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Wabtec were worth $23,924,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in shares of Wabtec during the 2nd quarter valued at about $26,000. Whipplewood Advisors LLC bought a new stake in Wabtec during the first quarter valued at approximately $25,000. Bell Investment Advisors Inc purchased a new stake in Wabtec during the second quarter valued at approximately $29,000. Fiduciary Financial Advisors bought a new position in Wabtec in the second quarter worth approximately $29,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake 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 acquiring an additional 73 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Susquehanna upped their price objective on Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research note on Thursday, July 23rd. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. Stephens increased their target price on shares of Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, Citigroup raised their target price on shares of Wabtec from $311.00 to $341.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Ten 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, Wabtec presently has an average rating of “Moderate Buy” and an average target price of $313.36.

Insider Activity at Wabtec

In related news, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $299.04, for a total value of $347,783.52. Following the completion of the sale, the chief executive officer directly owned 120,588 shares in the company, valued at $36,060,635.52. This trade represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Eric Gebhardt sold 7,100 shares of Wabtec stock in a transaction on Friday, July 24th. The stock was sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the transaction, the chief technology officer directly owned 19,153 shares of the company’s stock, valued at $5,731,918.31. The trade was a 27.04% 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 21,036 shares of company stock worth $6,113,542 in the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Wabtec Price Performance

WAB stock opened at $297.03 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. The company’s fifty day moving average price is $282.30 and its 200-day moving average price is $266.63. Wabtec has a one year low of $184.26 and a one year high of $306.64. The company has a market capitalization of $50.17 billion, a PE ratio of 39.92, a price-to-earnings-growth ratio of 2.04 and a beta of 0.93.

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

Wabtec Announces Dividend

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

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.