Louisiana State Employees Retirement System Makes New Investment in Wabtec $WAB

Louisiana State Employees Retirement System bought a new position in Wabtec (NYSE:WAB) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 8,700 shares of the transportation company’s stock, valued at approximately $2,174,000.

A number of other large investors have also recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd increased its position 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 valued at $28,000 after buying an additional 73 shares during the period. Manchester Capital Management LLC lifted its holdings in Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 72 shares during the period. McMillan Office Inc. bought a new stake in Wabtec during the 4th quarter valued at approximately $31,000. Reflection Asset Management purchased a new position in shares of Wabtec during the 4th quarter worth approximately $35,000. Finally, BOKF NA grew its holdings in shares of Wabtec by 66.7% during the 4th quarter. BOKF NA now owns 175 shares of the transportation company’s stock worth $37,000 after acquiring an additional 70 shares during the period. Institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WAB shares. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Rothschild & Co Redburn upgraded Wabtec from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $262.00 to $285.00 in a report on Thursday, March 26th. Wells Fargo & Company raised their price objective on Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Wolfe Research restated an “outperform” rating and set a $303.00 target price on shares of Wabtec in a report on Thursday, April 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Monday, April 20th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $289.82.

Wabtec Trading Down 0.1%

NYSE:WAB opened at $269.39 on Tuesday. The company has a market cap of $45.71 billion, a PE ratio of 38.10, a price-to-earnings-growth ratio of 1.93 and a beta of 0.94. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42. Wabtec has a 12 month low of $184.26 and a 12 month high of $284.91. The company has a 50 day simple moving average of $265.20 and a two-hundred day simple moving average of $248.63.

Wabtec (NYSE:WAB) last posted its 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. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the company earned $2.28 earnings per share. Wabtec’s revenue was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Research analysts forecast that Wabtec will post 10.61 earnings per share for the current year.

Wabtec Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were issued 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 was Friday, May 22nd. Wabtec’s dividend payout ratio (DPR) is currently 17.54%.

Insider Activity

In other news, insider Sameer Gaur sold 1,082 shares of Wabtec stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $263.50, for a total transaction of $285,107.00. Following the transaction, the insider directly owned 11,985 shares of the company’s stock, valued at $3,158,047.50. The trade was a 8.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rafael Santana sold 60,852 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total transaction of $16,362,494.28. Following the sale, the chief executive officer owned 128,729 shares in the company, valued at approximately $34,613,940.81. The trade was a 32.10% 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 65,423 shares of company stock worth $17,562,278 in the last ninety days. Corporate insiders own 0.57% of the company’s stock.

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.