United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $1.41 Million Stock Holdings in Wabtec $WAB

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund trimmed its position in shares of Wabtec (NYSE:WAB) by 48.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,600 shares of the transportation company’s stock after selling 6,300 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Wabtec were worth $1,409,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moors & Cabot Inc. increased its stake in Wabtec by 24.9% during the fourth quarter. Moors & Cabot Inc. now owns 2,157 shares of the transportation company’s stock valued at $460,000 after acquiring an additional 430 shares during the period. Huntington National Bank increased its stake in Wabtec by 33.7% during the fourth quarter. Huntington National Bank now owns 1,547 shares of the transportation company’s stock valued at $330,000 after acquiring an additional 390 shares during the period. Geode Capital Management LLC increased its stake in Wabtec by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company’s stock valued at $928,249,000 after acquiring an additional 38,029 shares during the period. Flputnam Investment Management Co. increased its stake in Wabtec by 3.0% during the fourth quarter. Flputnam Investment Management Co. now owns 30,951 shares of the transportation company’s stock valued at $6,607,000 after acquiring an additional 900 shares during the period. Finally, Malaga Cove Capital LLC bought a new position in Wabtec during the fourth quarter valued at about $396,000. 91.69% of the stock is currently owned by institutional investors.

Wabtec Stock Up 0.0%

NYSE WAB opened at $261.27 on Friday. The firm has a market cap of $44.33 billion, a PE ratio of 36.95, a price-to-earnings-growth ratio of 1.87 and a beta of 0.97. Wabtec has a one year low of $184.26 and a one year high of $275.84. The stock’s 50 day simple moving average is $259.09 and its 200 day simple moving average is $239.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54.

Wabtec (NYSE:WAB) last released its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.09. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the company earned $2.28 EPS. Wabtec’s revenue for the quarter was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, sell-side 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 will be paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.24 annualized dividend and a yield of 0.5%. Wabtec’s dividend payout ratio is currently 17.54%.

Wabtec declared that its board has authorized a share buyback plan on Wednesday, February 11th that authorizes the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization authorizes the transportation company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Stephens boosted their price target on Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Rothschild & Co Redburn upgraded Wabtec from a “neutral” rating to a “buy” rating and upped their price objective for the company from $262.00 to $285.00 in a research note on Thursday, March 26th. Jefferies Financial Group reiterated a “buy” rating and issued a $290.00 price objective (down from $300.00) on shares of Wabtec in a research note on Tuesday, March 31st. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Citigroup upped their price objective on Wabtec from $283.00 to $292.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Ten investment 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.com, Wabtec currently has a consensus rating of “Moderate Buy” and an average target price of $289.82.

Insider Buying and Selling at Wabtec

In other Wabtec news, CEO Rafael Santana sold 60,852 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total transaction of $16,362,494.28. Following the transaction, the chief executive officer owned 128,729 shares of the company’s stock, valued at approximately $34,613,940.81. This represents a 32.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gina Trombley sold 4,013 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $241.87, for a total value of $970,624.31. Following the transaction, the executive vice president directly owned 13,841 shares in the company, valued at approximately $3,347,722.67. This represents a 22.48% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 67,191 shares of company stock worth $17,922,608. Company insiders own 0.57% of the company’s stock.

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.