Fjarde AP Fonden Fourth Swedish National Pension Fund Has $8.24 Million Holdings in Wabtec $WAB

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Wabtec (NYSE:WAB) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,593 shares of the transportation company’s stock after selling 5,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Wabtec were worth $8,238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. CI Investments Inc. boosted its holdings in shares of Wabtec by 6.1% in the 3rd quarter. CI Investments Inc. now owns 865 shares of the transportation company’s stock worth $173,000 after acquiring an additional 50 shares in the last quarter. Carnegie Investment Counsel boosted its holdings in shares of Wabtec by 2.6% in the 4th quarter. Carnegie Investment Counsel now owns 2,051 shares of the transportation company’s stock worth $438,000 after acquiring an additional 51 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Wabtec by 1.3% during the 3rd 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 in the last quarter. Blue Trust Inc. lifted its holdings in Wabtec by 11.1% during the 4th quarter. Blue Trust Inc. now owns 549 shares of the transportation company’s stock worth $117,000 after buying an additional 55 shares in the last quarter. Finally, True Wealth Design LLC lifted its holdings in Wabtec by 13.9% during the 4th quarter. True Wealth Design LLC now owns 460 shares of the transportation company’s stock worth $98,000 after buying an additional 56 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Wabtec Stock Up 0.1%

NYSE:WAB opened at $260.77 on Monday. The stock’s fifty day moving average price is $261.06 and its two-hundred day moving average price is $241.51. Wabtec has a 52-week low of $184.26 and a 52-week high of $275.84. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. The company has a market cap of $44.25 billion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 1.86 and a beta of 0.94.

Wabtec (NYSE:WAB) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, analysts anticipate that Wabtec will post 10.61 EPS for the current year.

Wabtec Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 22nd were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. Wabtec’s dividend payout ratio is 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.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on WAB shares. Morgan Stanley reaffirmed an “overweight” rating and set a $318.00 price objective on shares of Wabtec in a report on Monday, April 27th. KeyCorp upped their price objective on Wabtec from $240.00 to $308.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Jefferies Financial Group reaffirmed a “buy” rating and set a $290.00 price objective (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. Finally, Stephens upped their price objective on Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $289.82.

Insiders Place Their Bets

In other news, CEO Rafael Santana sold 60,852 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total value of $16,362,494.28. Following the transaction, the chief executive officer owned 128,729 shares of the company’s stock, valued at $34,613,940.81. This represents a 32.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gina Trombley sold 4,013 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $241.87, for a total value of $970,624.31. Following the completion of the transaction, the executive vice president directly owned 13,841 shares in the company, valued at approximately $3,347,722.67. This trade represents a 22.48% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 66,028 shares of company stock worth $17,639,883. 0.57% of the stock is currently owned by company insiders.

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.