Natixis Advisors LLC Has $21.02 Million Stock Holdings in Wabtec $WAB

Natixis Advisors LLC decreased its position in Wabtec (NYSE:WAB) by 43.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 104,871 shares of the transportation company’s stock after selling 79,001 shares during the period. Natixis Advisors LLC’s holdings in Wabtec were worth $21,023,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Wabtec in the second quarter valued at approximately $347,194,000. Qube Research & Technologies Ltd acquired a new position in Wabtec during the second quarter worth $121,612,000. Vanguard Group Inc. boosted its holdings in Wabtec by 2.5% during the second quarter. Vanguard Group Inc. now owns 19,930,893 shares of the transportation company’s stock worth $4,172,532,000 after purchasing an additional 493,437 shares during the last quarter. Amundi grew its position in Wabtec by 36.8% in the second quarter. Amundi now owns 1,614,789 shares of the transportation company’s stock valued at $345,371,000 after purchasing an additional 434,401 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in Wabtec by 24.0% in the third quarter. Nordea Investment Management AB now owns 1,974,257 shares of the transportation company’s stock valued at $393,252,000 after purchasing an additional 381,728 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Stock Performance

Shares of WAB stock opened at $245.94 on Thursday. The stock has a market cap of $41.94 billion, a P/E ratio of 36.01, a P/E/G ratio of 1.86 and a beta of 0.99. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.11 and a quick ratio of 0.57. The company has a fifty day moving average price of $241.42 and a two-hundred day moving average price of $215.73. Wabtec has a one year low of $151.81 and a one year high of $266.27.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.86 billion. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 EPS. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. As a group, equities analysts predict that Wabtec will post 8.54 EPS for the current year.

Wabtec announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 11th that allows the company to buyback $1.20 billion in shares. This buyback authorization allows the transportation company to buy up to 2.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Wabtec Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were issued a dividend of $0.31 per share. The ex-dividend date was Tuesday, February 17th. This is an increase from Wabtec’s previous quarterly dividend of $0.25. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. Wabtec’s dividend payout ratio is 18.16%.

Insider Activity

In other Wabtec news, insider Michael Fetsko sold 5,058 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $215.72, for a total value of $1,091,111.76. Following the sale, the insider owned 36,882 shares in the company, valued at $7,956,185.04. This represents a 12.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Rogerio Mendonca sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $264.21, for a total value of $924,735.00. Following the completion of the sale, the insider directly owned 10,101 shares of the company’s stock, valued at approximately $2,668,785.21. The trade was a 25.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 34,355 shares of company stock valued at $8,661,997. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WAB has been the topic of several analyst reports. Wolfe Research raised shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price target on the stock in a research report on Thursday, January 8th. Wells Fargo & Company raised their price objective on Wabtec from $224.00 to $270.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Citigroup lifted their target price on Wabtec from $258.00 to $283.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating and set a $315.00 target price on shares of Wabtec in a report on Tuesday, February 17th. Finally, KeyCorp increased their price target on Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $269.00.

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.