Bessemer Group Inc. Has $234.34 Million Holdings in Wabtec $WAB

Bessemer Group Inc. cut its stake in shares of Wabtec (NYSE:WAB) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,097,846 shares of the transportation company’s stock after selling 52,125 shares during the period. Bessemer Group Inc.’s holdings in Wabtec were worth $234,337,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WAB. Guggenheim Capital LLC raised its position in shares of Wabtec by 7.4% in the second quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company’s stock valued at $1,034,000 after buying an additional 342 shares in the last quarter. Bank of Nova Scotia raised its position in shares of Wabtec by 0.5% in the second quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company’s stock valued at $3,745,000 after buying an additional 97 shares in the last quarter. Nebula Research & Development LLC raised its position in shares of Wabtec by 208.7% in the second quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock valued at $1,128,000 after buying an additional 3,641 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of Wabtec by 11.6% in the second quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company’s stock valued at $19,281,000 after buying an additional 9,545 shares in the last quarter. Finally, Ieq Capital LLC raised its position in shares of Wabtec by 19.2% in the second quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company’s stock valued at $6,354,000 after buying an additional 4,889 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WAB shares. Citigroup lifted their price target on shares of Wabtec from $283.00 to $292.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Stephens lifted their price target on shares of Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research report on Monday, April 20th. Wall Street Zen downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $318.00 price target on shares of Wabtec in a research report on Monday, April 27th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $289.82.

Insiders Place Their Bets

In related news, EVP Gina Trombley sold 4,013 shares of Wabtec stock in a transaction that occurred 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 transaction, the executive vice president directly owned 13,841 shares of the company’s stock, valued at $3,347,722.67. This trade represents a 22.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Rogerio Mendonca sold 3,500 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $264.21, for a total transaction of $924,735.00. Following the sale, the insider directly owned 10,101 shares in the company, valued at approximately $2,668,785.21. The trade was a 25.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 91,729 shares of company stock valued at $24,387,500 over the last three months. 0.57% of the stock is owned by corporate insiders.

Wabtec Stock Performance

Shares of NYSE:WAB opened at $269.08 on Friday. The company’s 50 day simple moving average is $255.77 and its 200 day simple moving average is $235.22. The stock has a market capitalization of $45.66 billion, a price-to-earnings ratio of 38.06, a price-to-earnings-growth ratio of 1.89 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54. Wabtec has a 1 year low of $184.26 and a 1 year high of $275.84.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, research analysts predict that Wabtec will post 10.61 EPS for the current fiscal year.

Wabtec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, May 22nd. Wabtec’s dividend payout ratio (DPR) is 17.54%.

Wabtec announced that its board has authorized a share repurchase program on Wednesday, February 11th that authorizes the company to buyback $1.20 billion in outstanding shares. This buyback authorization authorizes the transportation company to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are typically an indication 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.