Tredje AP fonden Increases Stock Holdings in Wabtec $WAB

Tredje AP fonden increased its stake in shares of Wabtec (NYSE:WAB) by 24.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 18,291 shares of the transportation company’s stock after acquiring an additional 3,624 shares during the period. Tredje AP fonden’s holdings in Wabtec were worth $3,904,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BOKF NA raised its stake in shares of Wabtec by 66.7% during the fourth quarter. BOKF NA now owns 175 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 70 shares during the period. FNY Investment Advisers LLC acquired a new stake in Wabtec during the 4th quarter valued at $42,000. Root Financial Partners LLC purchased a new stake in Wabtec during the 3rd quarter worth $44,000. Westfuller Advisors LLC lifted its holdings in Wabtec by 83.2% in the 4th quarter. Westfuller Advisors LLC now owns 207 shares of the transportation company’s stock worth $44,000 after buying an additional 94 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. lifted its holdings in Wabtec by 258.3% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 215 shares of the transportation company’s stock worth $46,000 after buying an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wabtec Stock Performance

Wabtec stock opened at $255.31 on Wednesday. The company has a market cap of $43.32 billion, a PE ratio of 36.11, a P/E/G ratio of 1.86 and a beta of 0.97. The company has a fifty day moving average price of $256.23 and a two-hundred day moving average price of $236.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54. Wabtec has a 12 month low of $184.26 and a 12 month high of $275.84.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the prior year, the company earned $2.28 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Research analysts expect that Wabtec will post 10.61 earnings per share for the current year.

Wabtec declared that its board has approved a stock repurchase program on Wednesday, February 11th that permits the company to buyback $1.20 billion in shares. This buyback authorization permits the transportation company to buy up to 2.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Wabtec Announces Dividend

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

Insider Transactions at Wabtec

In other Wabtec news, insider Rogerio Mendonca sold 3,500 shares of Wabtec stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $264.21, for a total value of $924,735.00. Following the completion of the transaction, the insider directly owned 10,101 shares in the company, valued at $2,668,785.21. The trade was a 25.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Gina Trombley sold 4,013 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $241.87, for a total value of $970,624.31. Following the transaction, the executive vice president directly owned 13,841 shares of the company’s stock, valued at $3,347,722.67. This trade represents a 22.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 91,729 shares of company stock valued at $24,387,500 over the last ninety days. Insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Citigroup raised their price target 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. Stephens increased their price objective on shares of Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Wolfe Research reissued an “outperform” rating and issued a $303.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. Finally, Rothschild & Co Redburn raised shares of Wabtec from a “neutral” rating to a “buy” rating and increased their price target for the stock from $262.00 to $285.00 in a research report on Thursday, March 26th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.