Hikari Power Ltd Makes New Investment in Wabtec $WAB

Hikari Power Ltd acquired a new stake in Wabtec (NYSE:WAB) during the second quarter, HoldingsChannel reports. The firm acquired 6,143 shares of the transportation company’s stock, valued at approximately $1,656,000. Wabtec accounts for 0.2% of Hikari Power Ltd’s holdings, making the stock its 24th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Whipplewood Advisors LLC acquired a new stake in shares of Wabtec during the first quarter worth about $25,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Wabtec by 125.9% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 73 shares during the last quarter. Manchester Capital Management LLC increased its position in Wabtec by 122.0% in the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 72 shares during the period. Bell Investment Advisors Inc acquired a new position in Wabtec in the 2nd quarter valued at about $29,000. Finally, McMillan Office Inc. purchased a new stake in Wabtec during the 4th quarter valued at approximately $31,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wabtec Stock Performance

NYSE WAB opened at $299.40 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $276.79 and its two-hundred day moving average is $262.74. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64. The stock has a market capitalization of $50.57 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 2.03 and a beta of 0.93.

Wabtec (NYSE:WAB) last posted its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.60 by $0.16. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period last year, the firm earned $2.27 EPS. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Research analysts expect that Wabtec will post 10.86 EPS for the current year.

Wabtec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 yield of 0.4%. Wabtec’s dividend payout ratio (DPR) is 16.67%.

Insiders Place Their Bets

In other news, insider Sameer Gaur sold 1,000 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $300.64, for a total value of $300,640.00. Following the completion of the transaction, 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 through this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $299.04, for a total transaction of $347,783.52. Following the completion of the sale, the chief executive officer owned 120,588 shares of the company’s stock, valued at $36,060,635.52. This trade represents a 0.96% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 16,834 shares of company stock worth $4,874,977 in the last ninety days. 0.57% of the stock is owned by insiders.

Analyst Ratings Changes

WAB has been the subject of a number of recent research reports. Susquehanna increased their price objective on Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. KeyCorp upped their price target on Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. increased their price target on Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Finally, Citigroup lifted their price objective on shares of Wabtec from $311.00 to $341.00 and gave the company a “buy” rating in a research report on Thursday. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $313.36.

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.