Wabtec $WAB Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its stake in Wabtec (NYSE:WAB) by 153.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 163,440 shares of the transportation company’s stock after buying an additional 98,942 shares during the quarter. Vontobel Holding Ltd.’s holdings in Wabtec were worth $34,886,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. CI Investments Inc. raised its holdings in Wabtec by 6.1% during the third quarter. CI Investments Inc. now owns 865 shares of the transportation company’s stock worth $173,000 after purchasing an additional 50 shares in the last quarter. Carnegie Investment Counsel raised its holdings in Wabtec by 2.6% during the fourth quarter. Carnegie Investment Counsel now owns 2,051 shares of the transportation company’s stock worth $438,000 after purchasing an additional 51 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Wabtec by 1.3% during the third quarter. Quadrant Capital Group LLC now owns 4,082 shares of the transportation company’s stock worth $818,000 after purchasing an additional 54 shares in the last quarter. Blue Trust Inc. raised its holdings in Wabtec by 11.1% during the fourth quarter. Blue Trust Inc. now owns 549 shares of the transportation company’s stock worth $117,000 after purchasing an additional 55 shares in the last quarter. Finally, True Wealth Design LLC raised its holdings in Wabtec by 13.9% during the fourth quarter. True Wealth Design LLC now owns 460 shares of the transportation company’s stock worth $98,000 after purchasing an additional 56 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Wabtec news, CEO Rafael Santana sold 60,852 shares of Wabtec stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $268.89, for a total transaction of $16,362,494.28. Following the transaction, the chief executive officer directly owned 128,729 shares in the company, valued at approximately $34,613,940.81. The trade was a 32.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 64,341 shares of company stock worth $17,277,171. Insiders own 0.57% of the company’s stock.

Wabtec Price Performance

NYSE WAB opened at $264.90 on Friday. Wabtec has a 1 year low of $184.26 and a 1 year high of $275.84. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. The stock has a market capitalization of $44.95 billion, a P/E ratio of 37.47, a P/E/G ratio of 1.88 and a beta of 0.94. The business’s fifty day moving average is $262.62 and its two-hundred day moving average is $243.43.

Wabtec (NYSE:WAB) last posted its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.09. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the previous year, the company posted $2.28 EPS. The company’s quarterly 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. On average, research analysts forecast that Wabtec will post 10.61 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on WAB shares. Morgan Stanley reissued an “overweight” rating and set a $318.00 target price on shares of Wabtec in a report on Monday, April 27th. Susquehanna reaffirmed a “positive” rating and issued a $305.00 price target on shares of Wabtec in a report on Thursday, April 23rd. Wells Fargo & Company upped their price target on Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Wolfe Research reaffirmed an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a report on Thursday, April 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $290.00 price target (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $289.82.

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.