Mediolanum International Funds Ltd Trims Stake in Wabtec $WAB

Mediolanum International Funds Ltd reduced its stake in Wabtec (NYSE:WAB) by 61.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 39,092 shares of the transportation company’s stock after selling 61,204 shares during the period. Mediolanum International Funds Ltd’s holdings in Wabtec were worth $9,279,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Wabtec by 20.3% during the 4th 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 acquiring an additional 1,344,744 shares during the period. State Street Corp lifted its stake in shares of Wabtec by 2.6% in the 4th quarter. State Street Corp now owns 7,658,040 shares of the transportation company’s stock valued at $1,634,609,000 after purchasing an additional 197,610 shares during the period. Geode Capital Management LLC lifted its stake in shares of Wabtec by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company’s stock valued at $928,249,000 after purchasing an additional 38,029 shares during the period. Wellington Management Group LLP boosted its position in shares of Wabtec by 3.6% during the third quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock valued at $662,390,000 after purchasing an additional 116,329 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Wabtec by 55.5% during the fourth quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock valued at $659,939,000 after purchasing an additional 1,095,083 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WAB has been the subject of a number of research reports. Morgan Stanley reiterated an “overweight” rating and issued a $318.00 price objective on shares of Wabtec in a report on Monday, April 27th. JPMorgan Chase & Co. boosted their target price on shares of Wabtec from $290.00 to $300.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Susquehanna reaffirmed a “positive” rating and issued a $305.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research note on Monday, April 20th. Finally, Wolfe Research reissued an “outperform” rating and set a $303.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $293.36.

Insider Activity

In related news, CEO Rafael Santana sold 1,163 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $261.06, for a total transaction of $303,612.78. Following the sale, the chief executive officer directly owned 124,077 shares of the company’s stock, valued at approximately $32,391,541.62. This represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $263.50, for a total transaction of $285,107.00. Following the sale, the insider owned 11,985 shares of the company’s stock, valued at approximately $3,158,047.50. This represents a 8.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 5,734 shares of company stock valued at $1,504,571. 0.57% of the stock is owned by insiders.

Wabtec Stock Performance

Wabtec stock opened at $261.85 on Monday. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $44.43 billion, a P/E ratio of 37.04, a PEG ratio of 1.87 and a beta of 0.94. The stock’s 50 day moving average is $264.30 and its 200 day moving average is $253.08. Wabtec has a twelve month low of $184.26 and a twelve month high of $284.91.

Wabtec (NYSE:WAB) last posted its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the company earned $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, equities research analysts predict that Wabtec will post 10.64 earnings per share for the current fiscal year.

Wabtec Announces Dividend

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 dividend of $0.31 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is presently 17.54%.

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.