The Manufacturers Life Insurance Company Decreases Stake in Wabtec $WAB

The Manufacturers Life Insurance Company reduced its position in Wabtec (NYSE:WAB) by 7.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 92,940 shares of the transportation company’s stock after selling 7,478 shares during the period. The Manufacturers Life Insurance Company’s holdings in Wabtec were worth $23,227,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WAB. Whipplewood Advisors LLC bought a new position in Wabtec during the first quarter worth about $25,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 73 shares during the period. Manchester Capital Management LLC raised its position in shares of Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 72 shares during the period. McMillan Office Inc. purchased a new stake in shares of Wabtec during the 4th quarter valued at approximately $31,000. Finally, Reflection Asset Management purchased a new stake in shares of Wabtec during the 4th quarter valued at approximately $35,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. Citigroup reduced their price target on Wabtec from $313.00 to $311.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Stephens boosted their price objective on Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a report on Sunday. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Wabtec currently has a consensus rating of “Moderate Buy” and an average target price of $310.64.

Wabtec Stock Performance

NYSE WAB opened at $291.74 on Friday. The company’s 50 day simple moving average is $269.72 and its two-hundred day simple moving average is $257.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. Wabtec has a 1 year low of $184.26 and a 1 year high of $306.64. The stock has a market capitalization of $49.28 billion, a PE ratio of 39.21, a P/E/G ratio of 1.97 and a beta of 0.94.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.60 by $0.16. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.Wabtec’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Analysts predict that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. Wabtec’s dividend payout ratio is presently 16.67%.

Insider Activity at Wabtec

In other Wabtec news, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $262.07, for a total transaction of $304,787.41. Following the completion of the sale, the chief executive officer owned 122,914 shares of the company’s stock, valued at $32,212,071.98. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP David L. Deninno sold 3,000 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $301.31, for a total value of $903,930.00. Following the completion of the transaction, the vice president owned 55,128 shares of the company’s stock, valued at $16,610,617.68. The trade was a 5.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 16,834 shares of company stock worth $4,833,958. Corporate insiders own 0.57% of the company’s stock.

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.