Handelsbanken Fonder AB Lowers Stock Position in Wabtec $WAB

Handelsbanken Fonder AB trimmed its position in Wabtec (NYSE:WAB) by 41.5% in the second quarter, HoldingsChannel reports. The firm owned 72,898 shares of the transportation company’s stock after selling 51,753 shares during the quarter. Handelsbanken Fonder AB’s holdings in Wabtec were worth $19,653,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Meeder Advisory Services Inc. raised its stake in shares of Wabtec by 1.6% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company’s stock worth $618,000 after purchasing an additional 38 shares during the period. Hilltop Holdings Inc. lifted its position in shares of Wabtec by 3.9% during the 4th quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock valued at $228,000 after buying an additional 40 shares during the last quarter. Apollon Wealth Management LLC raised its stake in Wabtec by 1.6% in the 1st quarter. Apollon Wealth Management LLC now owns 3,081 shares of the transportation company’s stock valued at $770,000 after acquiring an additional 48 shares during the period. IHT Wealth Management LLC increased its stake in shares of Wabtec by 1.0% in the fourth quarter. IHT Wealth Management LLC now owns 4,856 shares of the transportation company’s stock worth $1,037,000 after purchasing an additional 50 shares in the last quarter. Finally, DGS Capital Management LLC boosted its holdings in Wabtec by 5.2% in the 1st quarter. DGS Capital Management LLC now owns 1,051 shares of the transportation company’s stock worth $263,000 after buying an additional 52 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. KeyCorp increased their target price on Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research report 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. Wolfe Research reiterated an “outperform” rating and set a $303.00 price objective on shares of Wabtec in a research note on Thursday, April 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. Finally, Wells Fargo & Company raised 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. According to data from MarketBeat.com, Wabtec has an average rating of “Moderate Buy” and an average price target of $310.64.

Wabtec Stock Performance

NYSE WAB opened at $296.00 on Thursday. The company’s 50 day simple moving average is $275.31 and its two-hundred day simple moving average is $261.78. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. Wabtec has a 1 year low of $184.26 and a 1 year high of $306.64. The stock has a market capitalization of $50.00 billion, a PE ratio of 39.78, a P/E/G ratio of 2.02 and a beta of 0.93.

Wabtec (NYSE:WAB) last released its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS 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 analyst estimates of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Analysts predict that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

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

Insiders Place Their Bets

In other news, CTO Eric Gebhardt sold 7,100 shares of Wabtec stock in a transaction dated 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 completion of the sale, the chief technology officer owned 19,153 shares in the company, valued at approximately $5,731,918.31. This trade represents a 27.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $299.04, for a total transaction of $347,783.52. Following the completion of the transaction, the chief executive officer owned 120,588 shares in the company, valued at approximately $36,060,635.52. This trade represents a 0.96% 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 quarter, insiders sold 16,834 shares of company stock worth $4,874,977. 0.57% of the stock is currently owned by insiders.

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.