Union Bancaire Privee UBP SA Has $2.39 Million Position in Wabtec $WAB

Union Bancaire Privee UBP SA cut its stake in shares of Wabtec (NYSE:WAB) by 22.2% in the fourth quarter, Holdings Channel reports. The fund owned 11,019 shares of the transportation company’s stock after selling 3,151 shares during the period. Union Bancaire Privee UBP SA’s holdings in Wabtec were worth $2,393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CI Investments Inc. increased its position in shares of Wabtec by 6.1% during the 3rd quarter. CI Investments Inc. now owns 865 shares of the transportation company’s stock worth $173,000 after purchasing an additional 50 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Wabtec by 1.3% during the third quarter. Quadrant Capital Group LLC now owns 4,082 shares of the transportation company’s stock worth $818,000 after buying an additional 54 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of Wabtec by 2.6% during the third quarter. Wedmont Private Capital now owns 2,246 shares of the transportation company’s stock worth $444,000 after buying an additional 56 shares in the last quarter. OFI Invest Asset Management raised its stake in shares of Wabtec by 10.0% in the third quarter. OFI Invest Asset Management now owns 625 shares of the transportation company’s stock valued at $125,000 after acquiring an additional 57 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Wabtec by 6.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the transportation company’s stock valued at $204,000 after acquiring an additional 59 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Susquehanna set a $300.00 price target on Wabtec in a research report on Thursday, February 12th. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Stephens boosted their price objective on Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. increased their target price on Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Finally, Citigroup raised their target price on Wabtec from $258.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $269.00.

Insider Transactions at Wabtec

In other Wabtec news, CFO John A. Olin sold 11,000 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $263.30, for a total transaction of $2,896,300.00. Following the completion of the sale, the chief financial officer directly owned 60,487 shares of the company’s stock, valued at approximately $15,926,227.10. The trade was a 15.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Sameer Gaur sold 1,150 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $262.62, for a total transaction of $302,013.00. Following the completion of the transaction, the insider directly owned 12,017 shares in the company, valued at $3,155,904.54. This trade represents a 8.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 31,512 shares of company stock valued at $8,160,028. 1.10% of the stock is currently owned by insiders.

Wabtec Price Performance

WAB opened at $235.68 on Friday. 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 stock has a market capitalization of $40.19 billion, a P/E ratio of 34.51, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. The company’s 50 day simple moving average is $244.09 and its 200-day simple moving average is $217.69. Wabtec has a one year low of $151.81 and a one year high of $266.27.

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

Wabtec Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a $0.31 dividend. The ex-dividend date was Tuesday, February 17th. This is a positive change 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%.

Wabtec announced that its Board of Directors has approved 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 reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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.