Schroder Investment Management Group Sells 7,018 Shares of Wabtec $WAB

Schroder Investment Management Group decreased its holdings in Wabtec (NYSE:WAB) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 147,185 shares of the transportation company’s stock after selling 7,018 shares during the quarter. Schroder Investment Management Group owned 0.09% of Wabtec worth $29,081,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Colonial Trust Advisors increased its stake in Wabtec by 454.5% in the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Piscataqua Savings Bank raised its position in Wabtec by 12,800.0% in the third quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock worth $26,000 after purchasing an additional 128 shares in the last quarter. Motco lifted its stake in Wabtec by 6,600.0% during the third quarter. Motco now owns 134 shares of the transportation company’s stock worth $27,000 after purchasing an additional 132 shares during the period. Salomon & Ludwin LLC lifted its stake in Wabtec by 370.6% during the third quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock worth $32,000 after purchasing an additional 126 shares during the period. Finally, North Capital Inc. boosted its holdings in Wabtec by 18,900.0% during the third quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 189 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Insider Activity at Wabtec

In other Wabtec news, insider Nalin Jain sold 7,936 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $264.09, for a total value of $2,095,818.24. Following the transaction, the insider directly owned 6,364 shares of the company’s stock, valued at approximately $1,680,668.76. This trade represents a 55.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction on Monday, March 9th. The stock was sold at an average price of $243.10, for a total transaction of $282,725.30. Following the sale, the chief executive officer directly owned 190,744 shares of the company’s stock, valued at $46,369,866.40. This represents a 0.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 34,355 shares of company stock worth $8,661,997 over the last 90 days. Insiders own 1.10% of the company’s stock.

Wabtec Trading Down 0.3%

WAB stock opened at $245.94 on Thursday. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. Wabtec has a twelve month low of $151.81 and a twelve month high of $266.27. The company has a market cap of $41.94 billion, a P/E ratio of 36.01, a PEG ratio of 1.86 and a beta of 0.99. The business has a fifty day moving average of $241.42 and a 200-day moving average of $215.73.

Wabtec (NYSE:WAB) last posted its quarterly earnings results on Wednesday, February 11th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.68 earnings per share. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. As a group, equities research analysts expect that Wabtec will post 8.54 EPS for the current year.

Wabtec declared that its board has authorized a share buyback plan on Wednesday, February 11th that authorizes the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization authorizes the transportation company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Wabtec Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were paid a $0.31 dividend. This is a boost from Wabtec’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. Wabtec’s payout ratio is 18.16%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WAB. Wall Street Zen raised Wabtec from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $315.00 price target on shares of Wabtec in a research note on Tuesday, February 17th. Susquehanna set a $300.00 price target on Wabtec in a research report on Thursday, February 12th. Wolfe Research upgraded Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price objective for the company in a research note on Thursday, January 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Wabtec from $215.00 to $245.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Wabtec presently has a consensus rating of “Moderate Buy” and an average target price of $269.00.

Wabtec Company 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.