OMERS ADMINISTRATION Corp Has $2.60 Million Holdings in Wabtec $WAB

OMERS ADMINISTRATION Corp grew its stake in shares of Wabtec (NYSE:WAB) by 39.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 10,386 shares of the transportation company’s stock after buying an additional 2,950 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Wabtec were worth $2,596,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WAB. Nomura Asset Management Co. Ltd. increased its holdings in shares of Wabtec by 5.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 85,485 shares of the transportation company’s stock worth $18,247,000 after purchasing an additional 4,266 shares during the period. Azzad Asset Management Inc. ADV boosted its stake in shares of Wabtec by 47.7% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,710 shares of the transportation company’s stock valued at $1,859,000 after buying an additional 2,811 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Wabtec by 897.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 15,502 shares of the transportation company’s stock valued at $3,309,000 after buying an additional 13,948 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Wabtec by 24,274.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 323,936 shares of the transportation company’s stock worth $69,144,000 after buying an additional 322,607 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Wabtec by 16.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 925,021 shares of the transportation company’s stock worth $197,446,000 after acquiring an additional 132,091 shares during the period. 91.69% of the stock is owned by institutional investors.

Wabtec Price Performance

Wabtec stock opened at $305.54 on Wednesday. The stock has a 50-day moving average price of $267.62 and a two-hundred day moving average price of $256.62. Wabtec has a 12 month low of $184.26 and a 12 month high of $306.10. The company has a market capitalization of $51.61 billion, a PE ratio of 41.07, a P/E/G ratio of 2.04 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.16. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the firm posted $2.27 earnings per share. The firm’s revenue was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Analysts expect that Wabtec will post 10.86 EPS for the current year.

Wabtec Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be given a $0.31 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. Wabtec’s payout ratio is 16.67%.

Insider Activity

In other news, insider Sameer Gaur sold 1,082 shares of Wabtec 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 completion of the sale, the insider owned 11,985 shares in the company, valued at $3,158,047.50. The trade was a 8.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Eric Gebhardt sold 7,100 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the transaction, the chief technology officer directly owned 19,153 shares in the company, valued at approximately $5,731,918.31. This represents a 27.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 16,834 shares of company stock worth $4,833,958 over the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on WAB shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $290.00 price objective (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Wolfe Research reiterated an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a research note on Thursday, April 23rd. Morgan Stanley upped their price objective on Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. raised their price target on shares of Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Finally, KeyCorp upped their price objective on shares of Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $310.64.

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.