Hsbc Holdings PLC Has $87.73 Million Position in Wabtec $WAB

Hsbc Holdings PLC grew its stake in Wabtec (NYSE:WAB) by 15.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 351,769 shares of the transportation company’s stock after acquiring an additional 45,760 shares during the quarter. Hsbc Holdings PLC’s holdings in Wabtec were worth $87,735,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WAB. Norges Bank bought a new position in Wabtec during the 4th quarter worth approximately $409,039,000. Price T Rowe Associates Inc. MD grew its holdings in Wabtec by 20.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock valued at $1,700,238,000 after purchasing an additional 1,344,744 shares during the period. Nordea Investment Management AB increased its stake in Wabtec by 55.5% in the fourth quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock valued at $659,939,000 after purchasing an additional 1,095,083 shares in the last quarter. Bank of Montreal Can raised its holdings in Wabtec by 360.0% in the fourth quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company’s stock worth $188,945,000 after purchasing an additional 692,773 shares during the period. Finally, UBS Group AG raised its holdings in Wabtec by 194.2% in the third quarter. UBS Group AG now owns 1,033,304 shares of the transportation company’s stock worth $207,146,000 after purchasing an additional 682,048 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Sameer Gaur sold 1,082 shares of the company’s 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 completion of the transaction, the insider directly owned 11,985 shares of the company’s stock, valued at $3,158,047.50. This represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $262.07, for a total value of $304,787.41. Following the transaction, the chief executive officer owned 122,914 shares of the company’s stock, valued at approximately $32,212,071.98. The trade was a 0.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,734 shares of company stock worth $1,504,571 in the last three months. Company insiders own 0.57% of the company’s stock.

Wabtec Stock Down 0.1%

Wabtec stock opened at $261.85 on Monday. The stock has a market capitalization of $44.43 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 1.87 and a beta of 0.94. Wabtec has a twelve month low of $184.26 and a twelve month high of $284.91. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $264.30 and a 200-day moving average of $253.08.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.09. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the firm earned $2.28 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, equities research analysts anticipate that Wabtec will post 10.64 EPS for the current fiscal year.

Wabtec Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, August 18th. Wabtec’s dividend payout ratio is 17.54%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on WAB shares. Jefferies Financial Group reissued a “buy” rating and set a $290.00 price target (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Stephens raised Wabtec to a “strong-buy” rating in a research note on Wednesday, July 8th. Susquehanna reiterated a “positive” rating and set a $305.00 target price on shares of Wabtec in a report on Thursday, April 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research note on Monday, April 20th. Finally, Morgan Stanley restated an “overweight” rating and issued a $318.00 price target on shares of Wabtec in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Wabtec currently has a consensus rating of “Moderate Buy” and an average target price of $293.36.

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.