Royal London Asset Management Ltd. Sells 31,533 Shares of Wabtec $WAB

Royal London Asset Management Ltd. lessened its stake in shares of Wabtec (NYSE:WAB) by 3.2% during the second quarter, Holdings Channel.com reports. The firm owned 960,916 shares of the transportation company’s stock after selling 31,533 shares during the period. Royal London Asset Management Ltd.’s holdings in Wabtec were worth $259,063,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nissay Asset Management Corp Japan boosted its holdings in Wabtec by 3.8% in the second quarter. Nissay Asset Management Corp Japan now owns 22,852 shares of the transportation company’s stock worth $6,161,000 after acquiring an additional 826 shares in the last quarter. BNP Paribas raised its position in shares of Wabtec by 11.9% during the second quarter. BNP Paribas now owns 13,700 shares of the transportation company’s stock worth $3,678,000 after purchasing an additional 1,452 shares during the period. Kingsview Wealth Management LLC bought a new position in shares of Wabtec in the 2nd quarter worth $404,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Wabtec in the 2nd quarter worth $244,000. Finally, Rakuten Investment Management Inc. grew its position in Wabtec by 9.7% in the 2nd quarter. Rakuten Investment Management Inc. now owns 27,781 shares of the transportation company’s stock valued at $7,454,000 after purchasing an additional 2,453 shares during the period. 91.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Sameer Gaur sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $300.64, for a total transaction of $300,640.00. Following the completion of the sale, the insider owned 10,985 shares in the company, valued at $3,302,530.40. This trade represents a 8.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Gregory Sbrocco sold 952 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $300.00, for a total value of $285,600.00. Following the completion of the transaction, the executive vice president owned 21,043 shares in the company, valued at approximately $6,312,900. The trade was a 4.33% decrease in their position. 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. In the last quarter, insiders have sold 21,036 shares of company stock valued at $6,113,542. Company insiders own 0.57% of the company’s stock.

Wabtec Price Performance

Wabtec stock opened at $292.28 on Friday. Wabtec has a 52 week low of $184.26 and a 52 week high of $306.64. The company’s 50 day moving average price is $282.66 and its two-hundred day moving average price is $266.81. The stock has a market cap of $49.37 billion, a P/E ratio of 39.28, a P/E/G ratio of 2.01 and a beta of 0.93. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WAB) last released its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, beating 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 quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, equities analysts predict that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Susquehanna lifted their price objective on shares of Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a report on Thursday, July 23rd. Stephens raised their price target on shares of Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Wells Fargo & Company raised their target price on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $313.36.

Wabtec 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.