Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 16,800 Shares of Wabtec $WAB

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Wabtec (NYSE:WAB) by 43.5% during the first quarter, Holdings Channel reports. The institutional investor owned 55,393 shares of the transportation company’s stock after purchasing an additional 16,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Wabtec were worth $13,843,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Wabtec by 20.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock worth $1,700,238,000 after purchasing an additional 1,344,744 shares in the last quarter. State Street Corp raised its holdings in Wabtec by 2.6% during the fourth quarter. State Street Corp now owns 7,658,040 shares of the transportation company’s stock worth $1,634,609,000 after buying an additional 197,610 shares during the last quarter. Geode Capital Management LLC raised its holdings in Wabtec by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company’s stock worth $928,249,000 after buying an additional 38,029 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Wabtec by 3.6% in the third quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock valued at $662,390,000 after buying an additional 116,329 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Wabtec by 55.5% during 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 buying an additional 1,095,083 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insiders Place Their Bets

In other news, insider Sameer Gaur sold 1,082 shares of the firm’s stock in a transaction on 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 sale, the insider directly owned 11,985 shares of the company’s stock, valued at $3,158,047.50. This trade represents a 8.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 sale, the chief executive officer owned 128,729 shares in the company, valued at $34,613,940.81. The trade was a 32.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 65,423 shares of company stock valued at $17,562,278 in the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WAB shares. Rothschild & Co Redburn upgraded shares of Wabtec from a “neutral” rating to a “buy” rating and upped their target price for the stock from $262.00 to $285.00 in a report on Thursday, March 26th. Wells Fargo & Company increased their price objective on Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Morgan Stanley reaffirmed an “overweight” rating and set a $318.00 target price on shares of Wabtec in a research report on Monday, April 27th. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $289.82.

Wabtec Price Performance

Wabtec stock opened at $262.38 on Friday. Wabtec has a 52 week low of $184.26 and a 52 week high of $284.91. The company’s 50 day moving average price is $265.43 and its two-hundred day moving average price is $249.76. 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 stock has a market cap of $44.52 billion, a P/E ratio of 37.11, a P/E/G ratio of 1.88 and a beta of 0.94.

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

Wabtec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, May 22nd. Wabtec’s dividend payout ratio is 17.54%.

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.