Wabtec $WAB Shares Purchased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG increased its holdings in shares of Wabtec (NYSE:WAB) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,736 shares of the transportation company’s stock after buying an additional 6,918 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Wabtec were worth $32,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in Wabtec by 809.6% in the 4th quarter. SG Americas Securities LLC now owns 152,297 shares of the transportation company’s stock worth $32,508,000 after purchasing an additional 135,553 shares in the last quarter. Nordea Investment Management AB increased its stake in Wabtec by 55.5% during the 4th quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock valued at $659,939,000 after purchasing an additional 1,095,083 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Wabtec by 5.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 85,485 shares of the transportation company’s stock worth $18,247,000 after buying an additional 4,266 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Wabtec by 897.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 15,502 shares of the transportation company’s stock worth $3,309,000 after buying an additional 13,948 shares during the period. Finally, Azzad Asset Management Inc. ADV grew its holdings in shares of Wabtec by 47.7% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,710 shares of the transportation company’s stock valued at $1,859,000 after buying an additional 2,811 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Wabtec Stock Up 0.1%

NYSE:WAB opened at $261.50 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54. The company’s fifty day moving average price is $264.85 and its 200-day moving average price is $251.57. Wabtec has a 1-year low of $184.26 and a 1-year high of $284.91. The firm has a market capitalization of $44.37 billion, a P/E ratio of 36.99, a PEG ratio of 1.87 and a beta of 0.94.

Wabtec (NYSE:WAB) last posted its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the firm posted $2.28 earnings per share. The firm’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. As a group, equities research analysts anticipate that Wabtec will post 10.61 EPS for the current year.

Wabtec Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 22nd were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, May 22nd. Wabtec’s payout ratio is 17.54%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Monday, April 20th. Wolfe Research reiterated an “outperform” rating and set a $303.00 price target on shares of Wabtec in a research note on Thursday, April 23rd. Jefferies Financial Group reissued a “buy” rating and issued a $290.00 price objective (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. Morgan Stanley restated an “overweight” rating and issued a $318.00 price objective on shares of Wabtec in a research note on Monday, April 27th. Finally, Rothschild & Co Redburn raised Wabtec from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $262.00 to $285.00 in a report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Wabtec presently has an average rating of “Moderate Buy” and a consensus price target of $289.82.

Insider Activity

In other news, insider Sameer Gaur sold 1,082 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $263.50, for a total value of $285,107.00. Following the sale, the insider owned 11,985 shares in the company, valued at $3,158,047.50. This represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rafael Santana sold 60,852 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total value of $16,362,494.28. Following the sale, the chief executive officer directly owned 128,729 shares in the company, valued at approximately $34,613,940.81. This trade represents a 32.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 66,586 shares of company stock valued at $17,867,065. Insiders own 0.57% of the company’s stock.

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.