Wellington Grp LLC cut its holdings in Wabtec (NYSE:WAB – Free Report) by 83.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 387 shares of the transportation company’s stock after selling 1,990 shares during the quarter. Wellington Grp LLC’s holdings in Wabtec were worth $97,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of WAB. Nomura Asset Management Co. Ltd. grew its position in shares of Wabtec by 5.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 85,485 shares of the transportation company’s stock worth $18,247,000 after buying an additional 4,266 shares during the period. Azzad Asset Management Inc. ADV increased its stake in shares of Wabtec by 47.7% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 8,710 shares of the transportation company’s stock valued at $1,859,000 after acquiring an additional 2,811 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Wabtec by 24,274.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 323,936 shares of the transportation company’s stock valued at $69,144,000 after acquiring an additional 322,607 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Wabtec by 16.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 925,021 shares of the transportation company’s stock valued at $197,446,000 after acquiring an additional 132,091 shares during the period. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Wabtec during the 4th quarter worth approximately $2,134,000. Institutional investors and hedge funds own 91.69% of the company’s stock.
Insider Activity at Wabtec
In related news, CTO Eric Gebhardt sold 7,100 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $299.27, for a total value of $2,124,817.00. Following the completion of the transaction, the chief technology officer directly owned 19,153 shares of the company’s stock, valued at approximately $5,731,918.31. This represents a 27.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David L. Deninno sold 3,000 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $301.31, for a total value of $903,930.00. Following the transaction, the vice president owned 55,128 shares of the company’s stock, valued at approximately $16,610,617.68. This trade represents a 5.16% decrease in their position. 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 three months. 0.57% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on WAB
Wabtec Trading Down 0.2%
NYSE:WAB opened at $291.74 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. The business’s 50-day simple moving average is $269.72 and its 200-day simple moving average is $257.83. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $306.64. The stock has a market capitalization of $49.28 billion, a PE ratio of 39.21, a price-to-earnings-growth ratio of 1.97 and a beta of 0.94.
Wabtec (NYSE:WAB – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.Wabtec’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Sell-side analysts expect that Wabtec will post 10.86 earnings per share for the current fiscal year.
Wabtec Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. Wabtec’s dividend payout ratio is currently 16.67%.
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.
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