Swiss Life Asset Management Ltd grew its holdings in shares of Wabtec (NYSE:WAB – Free Report) by 40.3% in the 2nd quarter, Holdings Channel reports. The fund owned 24,321 shares of the transportation company’s stock after acquiring an additional 6,991 shares during the period. Swiss Life Asset Management Ltd’s holdings in Wabtec were worth $6,557,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Nomura Asset Management Co. Ltd. increased its holdings in 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 purchasing an additional 4,266 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Wabtec by 24,274.4% during 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 buying an additional 322,607 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Wabtec by 16.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 925,021 shares of the transportation company’s stock valued at $197,446,000 after buying an additional 132,091 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Wabtec during the fourth quarter worth approximately $2,134,000. Finally, Pinnbrook Capital Management LP acquired a new stake in shares of Wabtec during the fourth quarter worth approximately $7,743,000. 91.69% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Wabtec
In other Wabtec news, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $261.06, for a total value of $303,612.78. Following the transaction, the chief executive officer owned 124,077 shares of the company’s stock, valued at $32,391,541.62. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Eric Gebhardt sold 7,100 shares of Wabtec stock in a transaction that occurred 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 owned 19,153 shares of the company’s stock, valued at approximately $5,731,918.31. The trade was a 27.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 16,834 shares of company stock valued at $4,874,977. Corporate insiders own 0.57% of the company’s stock.
Analyst Ratings Changes
Wabtec Stock Performance
WAB stock opened at $297.93 on Friday. The stock’s 50 day simple moving average is $276.02 and its 200 day simple moving average is $262.26. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64. The firm has a market cap of $50.32 billion, a P/E ratio of 40.04, a P/E/G ratio of 2.00 and a beta of 0.93. 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 – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the company posted $2.27 earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, equities research analysts predict that Wabtec will post 10.86 EPS for the current year.
Wabtec Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be issued a $0.31 dividend. 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 payout ratio is 16.67%.
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.
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