Lansforsakringar Fondforvaltning AB publ Sells 3,309 Shares of Wabtec $WAB

Lansforsakringar Fondforvaltning AB publ lowered its holdings in Wabtec (NYSE:WAB) by 5.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,617 shares of the transportation company’s stock after selling 3,309 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Wabtec were worth $13,649,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Wabtec by 125.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Wabtec by 122.0% in the 4th 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 last quarter. McMillan Office Inc. purchased a new position in shares of Wabtec in the 4th quarter worth about $31,000. Reflection Asset Management bought a new position in Wabtec during the fourth quarter valued at about $35,000. Finally, BOKF NA grew its position in Wabtec by 66.7% during the fourth quarter. BOKF NA now owns 175 shares of the transportation company’s stock valued at $37,000 after buying an additional 70 shares during the period. Institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling at Wabtec

In other news, CEO Rafael Santana sold 60,852 shares of Wabtec stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total value of $16,362,494.28. Following the completion of the transaction, the chief executive officer directly owned 128,729 shares in the company, valued at approximately $34,613,940.81. The trade was a 32.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the sale, the insider owned 11,985 shares in the company, valued at approximately $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 65,423 shares of company stock valued at $17,562,278. 0.57% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on WAB. Wolfe Research reaffirmed an “outperform” rating and issued a $303.00 price objective on shares of Wabtec in a research report on Thursday, April 23rd. Wall Street Zen downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. JPMorgan Chase & Co. decreased their price target on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Rothschild & Co Redburn raised shares of Wabtec from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $262.00 to $285.00 in a report on Thursday, March 26th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $290.00 price objective (down from $300.00) on shares of Wabtec in a research note on Tuesday, March 31st. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $289.82.

Wabtec Stock Performance

Shares of WAB stock opened at $269.82 on Wednesday. The stock has a market capitalization of $45.78 billion, a P/E ratio of 38.16, a PEG ratio of 1.92 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. The firm’s 50 day moving average is $265.32 and its 200 day moving average is $249.01. Wabtec has a 12 month low of $184.26 and a 12 month high of $284.91.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 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 period last year, the firm earned $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. On average, sell-side analysts anticipate that Wabtec will post 10.61 earnings per share for the current year.

Wabtec Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 22nd were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, May 22nd. Wabtec’s dividend payout ratio (DPR) is presently 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.