Wabtec $WAB Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its position in shares of Wabtec (NYSE:WAB) by 24,274.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 323,936 shares of the transportation company’s stock after purchasing an additional 322,607 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Wabtec were worth $69,144,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WAB. Varma Mutual Pension Insurance Co grew its position in Wabtec by 9.1% during the third quarter. Varma Mutual Pension Insurance Co now owns 47,924 shares of the transportation company’s stock valued at $9,607,000 after purchasing an additional 4,000 shares in the last quarter. SG Americas Securities LLC grew its position in Wabtec by 809.6% during the fourth quarter. SG Americas Securities LLC now owns 152,297 shares of the transportation company’s stock valued at $32,508,000 after purchasing an additional 135,553 shares in the last quarter. Alberta Investment Management Corp purchased a new position in Wabtec during the third quarter valued at approximately $842,000. 111 Capital purchased a new position in Wabtec during the third quarter valued at approximately $949,000. Finally, Nordea Investment Management AB grew its stake in shares of Wabtec by 55.5% in 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 buying an additional 1,095,083 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wabtec Price Performance

NYSE WAB opened at $264.29 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $255.84 and a 200 day simple moving average of $235.67. The company has a market cap of $44.84 billion, a P/E ratio of 37.38, a P/E/G ratio of 1.89 and a beta of 0.97. Wabtec has a 1 year low of $184.26 and a 1 year high of $275.84.

Wabtec (NYSE:WAB) last posted its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.09. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. Wabtec’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, sell-side analysts predict that Wabtec will post 10.61 EPS for the current year.

Wabtec announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 11th that authorizes the company to repurchase $1.20 billion in shares. This repurchase authorization authorizes the transportation company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Wabtec Dividend Announcement

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

Insider Buying and Selling at Wabtec

In related news, EVP Gina Trombley sold 4,013 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $241.87, for a total transaction of $970,624.31. Following the completion of the sale, the executive vice president directly owned 13,841 shares of the company’s stock, valued at approximately $3,347,722.67. This represents a 22.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nalin Jain sold 7,936 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $264.09, for a total transaction of $2,095,818.24. Following the sale, the insider directly owned 6,364 shares of the company’s stock, valued at approximately $1,680,668.76. This represents a 55.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 91,729 shares of company stock worth $24,387,500 in the last quarter. 0.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

WAB has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating and issued a $290.00 target price (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Stephens boosted their target price on shares of Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Citigroup boosted their target price on shares of Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Morgan Stanley reissued an “overweight” rating and issued a $318.00 target price on shares of Wabtec in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $289.82.

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.