Aware Super Pty Ltd as trustee of Aware Super Takes Position in Wabtec $WAB

Aware Super Pty Ltd as trustee of Aware Super acquired a new position in Wabtec (NYSE:WAB) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 10,923 shares of the transportation company’s stock, valued at approximately $2,730,000.

Several other hedge funds and other institutional investors have also bought and sold shares of WAB. Whipplewood Advisors LLC purchased a new stake in shares of Wabtec during the 1st quarter valued at about $25,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings 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 buying an additional 73 shares during the period. Manchester Capital Management LLC boosted its stake 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. bought a new stake in shares of Wabtec in the fourth quarter worth $31,000. Finally, Reflection Asset Management bought a new stake in shares of Wabtec in the fourth quarter worth $35,000. Institutional investors own 91.69% of the company’s stock.

Wabtec Stock Performance

Wabtec stock opened at $261.85 on Friday. The company’s 50-day moving average price is $264.30 and its 200-day moving average price is $252.83. 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 company has a market cap of $44.43 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 1.88 and a beta of 0.94. Wabtec has a twelve month low of $184.26 and a twelve month high of $284.91.

Wabtec (NYSE:WAB) last released its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, topping 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%.The firm’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, equities research analysts forecast that Wabtec will post 10.64 EPS for the current fiscal year.

Wabtec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec’s payout ratio is presently 17.54%.

Insiders Place Their Bets

In related news, CEO Rafael Santana sold 1,163 shares of the 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 sale, the chief executive officer directly owned 124,077 shares of the company’s stock, valued at $32,391,541.62. This represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the firm’s stock in a transaction dated 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 approximately $3,158,047.50. The trade was a 8.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,734 shares of company stock worth $1,504,571 in the last quarter. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

WAB has been the topic of several research reports. Jefferies Financial Group reissued a “buy” rating and issued a $290.00 target price (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Susquehanna reaffirmed a “positive” rating and set a $305.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. JPMorgan Chase & Co. increased their price objective on shares of Wabtec from $290.00 to $300.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Stephens upgraded shares of Wabtec to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Citigroup reduced their target price on shares of Wabtec from $313.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $293.36.

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.