OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $2.13 Million in Wabtec $WAB

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Wabtec (NYSE:WAB) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 10,000 shares of the transportation company’s stock, valued at approximately $2,134,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of WAB. Norges Bank bought a new stake in Wabtec during the fourth quarter valued at about $409,039,000. Price T Rowe Associates Inc. MD raised its stake in shares of Wabtec by 20.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock worth $1,700,238,000 after buying an additional 1,344,744 shares during the period. Nordea Investment Management AB lifted its position in shares of Wabtec by 55.5% during 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. Farallon Capital Management LLC lifted its position in shares of Wabtec by 68.6% during the 3rd quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company’s stock valued at $442,056,000 after buying an additional 896,900 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Wabtec by 360.0% during the 4th quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company’s stock valued at $188,945,000 after acquiring an additional 692,773 shares during the period. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WAB shares. Susquehanna reaffirmed a “positive” rating and set a $305.00 price target on shares of Wabtec in a report on Thursday, April 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Wolfe Research restated an “outperform” rating and set a $303.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. Finally, Rothschild & Co Redburn raised shares of Wabtec from a “neutral” rating to a “buy” rating and upped their target price for the stock from $262.00 to $285.00 in a report on Thursday, March 26th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $289.82.

Insiders Place Their Bets

In other Wabtec news, insider Sameer Gaur sold 1,082 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $263.50, for a total transaction of $285,107.00. Following the sale, the insider directly owned 11,985 shares of the company’s stock, valued at $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $261.06, for a total value of $303,612.78. Following the sale, the chief executive officer owned 124,077 shares in the company, valued at approximately $32,391,541.62. This trade represents a 0.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 65,423 shares of company stock worth $17,562,278. 0.57% of the stock is currently owned by insiders.

Wabtec Stock Up 0.2%

NYSE WAB opened at $274.49 on Friday. Wabtec has a 12 month low of $184.26 and a 12 month high of $278.39. 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 stock has a market cap of $46.58 billion, a PE ratio of 38.82, a P/E/G ratio of 1.96 and a beta of 0.94. The stock’s 50 day moving average is $264.12 and its 200 day moving average is $245.75.

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

Wabtec Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, May 22nd. Wabtec’s payout ratio is currently 17.54%.

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.