Handelsbanken Fonder AB Sells 51,753 Shares of Wabtec $WAB

Handelsbanken Fonder AB reduced its holdings in Wabtec (NYSE:WAB) by 41.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 72,898 shares of the transportation company’s stock after selling 51,753 shares during the quarter. Handelsbanken Fonder AB’s holdings in Wabtec were worth $19,653,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in 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 buying an additional 1,344,744 shares during the period. State Street Corp grew its position 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 buying an additional 197,610 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Wabtec by 0.9% in 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 buying an additional 38,029 shares during the period. Wellington Management Group LLP raised 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 worth $662,390,000 after acquiring an additional 116,329 shares during the last quarter. Finally, Farallon Capital Management LLC raised its position in shares of Wabtec by 12.3% during the fourth quarter. Farallon Capital Management LLC now owns 2,476,003 shares of the transportation company’s stock worth $528,503,000 after acquiring an additional 270,905 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WAB. Wells Fargo & Company increased their target price on shares of Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Wolfe Research restated an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. Susquehanna increased their price objective on shares of 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 research note on Friday, July 17th. Finally, Morgan Stanley boosted their target price on shares of Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Wabtec presently has a consensus rating of “Moderate Buy” and an average price target of $310.64.

Wabtec Trading Down 0.7%

Shares of Wabtec stock opened at $296.00 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. Wabtec has a 52 week low of $184.26 and a 52 week high of $306.64. The stock has a 50 day moving average price of $275.31 and a two-hundred day moving average price of $261.78. The stock has a market capitalization of $50.00 billion, a PE ratio of 39.78, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the prior year, the firm earned $2.27 earnings per share. Wabtec’s revenue for the quarter was up 17.5% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, equities analysts anticipate that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec’s dividend payout ratio (DPR) is 16.67%.

Insider Buying and Selling at Wabtec

In other news, CTO Eric Gebhardt sold 7,100 shares of Wabtec stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the completion of the transaction, the chief technology officer directly owned 19,153 shares in the company, valued at $5,731,918.31. This trade represents a 27.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was 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. The trade was a 0.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 16,834 shares of company stock valued at $4,874,977 over the last ninety days. 0.57% of the stock is currently owned by corporate insiders.

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.