OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes $2.13 Million Position in Wabtec $WAB

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Wabtec (NYSE:WAB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the transportation company’s stock, valued at approximately $2,134,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CI Investments Inc. boosted its holdings in Wabtec by 6.1% in the third quarter. CI Investments Inc. now owns 865 shares of the transportation company’s stock valued at $173,000 after acquiring an additional 50 shares during the last quarter. Carnegie Investment Counsel boosted its holdings in Wabtec by 2.6% in the fourth quarter. Carnegie Investment Counsel now owns 2,051 shares of the transportation company’s stock valued at $438,000 after acquiring an additional 51 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Wabtec by 1.3% in the third quarter. Quadrant Capital Group LLC now owns 4,082 shares of the transportation company’s stock valued at $818,000 after acquiring an additional 54 shares during the last quarter. Blue Trust Inc. boosted its holdings in Wabtec by 11.1% in the fourth quarter. Blue Trust Inc. now owns 549 shares of the transportation company’s stock valued at $117,000 after acquiring an additional 55 shares during the last quarter. Finally, True Wealth Design LLC boosted its holdings in Wabtec by 13.9% in the fourth quarter. True Wealth Design LLC now owns 460 shares of the transportation company’s stock valued at $98,000 after acquiring an additional 56 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Wabtec

In related news, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $261.06, for a total value of $303,612.78. Following the sale, the chief executive officer owned 124,077 shares of the company’s stock, valued at approximately $32,391,541.62. This trade represents a 0.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 64,341 shares of company stock valued at $17,277,171. 0.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

WAB has been the topic of several recent research reports. Rothschild & Co Redburn upgraded Wabtec from a “neutral” rating to a “buy” rating and raised their price target for the company from $262.00 to $285.00 in a report on Thursday, March 26th. Morgan Stanley reiterated an “overweight” rating and issued a $318.00 price target on shares of Wabtec in a report on Monday, April 27th. Jefferies Financial Group reiterated a “buy” rating and issued a $290.00 price target (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Wells Fargo & Company raised their price target on Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $289.82.

Wabtec Trading Up 1.4%

NYSE:WAB opened at $268.92 on Tuesday. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $275.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54. The stock has a market capitalization of $45.63 billion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 1.90 and a beta of 0.94. The business’s 50-day simple moving average is $262.92 and its 200-day simple moving average is $244.18.

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

Wabtec Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were given 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%.

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.