Mitsubishi UFJ Trust & Banking Corp Has $40.94 Million Stock Holdings in Wabtec $WAB

Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Wabtec (NYSE:WAB) by 132.9% in the second quarter, Holdings Channel reports. The firm owned 195,541 shares of the transportation company’s stock after buying an additional 111,582 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Wabtec were worth $40,937,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Boston Partners boosted its holdings in shares of Wabtec by 8.7% during the 2nd quarter. Boston Partners now owns 2,255,994 shares of the transportation company’s stock worth $470,267,000 after buying an additional 180,786 shares during the period. Nordea Investment Management AB increased its stake in Wabtec by 33.4% during the second quarter. Nordea Investment Management AB now owns 1,592,529 shares of the transportation company’s stock valued at $333,062,000 after acquiring an additional 398,782 shares during the period. AustralianSuper Pty Ltd raised its stake in shares of Wabtec by 11.5% in the second quarter. AustralianSuper Pty Ltd now owns 874,061 shares of the transportation company’s stock valued at $182,985,000 after purchasing an additional 90,392 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Wabtec by 56.3% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 778,156 shares of the transportation company’s stock valued at $162,907,000 after acquiring an additional 280,140 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Wabtec by 2,220.1% in the 1st quarter. Pacer Advisors Inc. now owns 738,038 shares of the transportation company’s stock valued at $133,843,000 after purchasing an additional 706,227 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP David L. Deninno sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $199.87, for a total transaction of $419,727.00. Following the completion of the sale, the vice president owned 60,450 shares of the company’s stock, valued at $12,082,141.50. This trade represents a 3.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Pascal Schweitzer sold 3,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $208.07, for a total value of $624,210.00. Following the completion of the sale, the insider directly owned 4,955 shares of the company’s stock, valued at $1,030,986.85. The trade was a 37.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,556 shares of company stock worth $3,685,311 in the last quarter. 1.10% of the stock is currently owned by company insiders.

Wabtec Stock Performance

WAB opened at $204.01 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 1.42. Wabtec has a 52-week low of $151.81 and a 52-week high of $216.10. The firm has a market cap of $34.88 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09. The business’s fifty day moving average is $197.24 and its 200-day moving average is $198.90.

Wabtec (NYSE:WAB) last released its earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.04. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Wabtec had a return on equity of 13.84% and a net margin of 10.94%.The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.00 earnings per share. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. Sell-side analysts expect that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Wabtec’s dividend payout ratio is 14.53%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WAB. Bank of America lifted their target price on shares of Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research note on Thursday. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Susquehanna upped their price objective on Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a report on Thursday, October 23rd. Morgan Stanley increased their target price on shares of Wabtec from $220.00 to $226.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $224.56.

Wabtec Company Profile

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.