EFG Asset Management Americas Corp. Has $719,000 Stock Holdings in Wabtec $WAB

EFG Asset Management Americas Corp. lowered its stake in shares of Wabtec (NYSE:WAB) by 67.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,588 shares of the transportation company’s stock after selling 7,570 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in Wabtec were worth $719,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CI Investments Inc. grew its stake in shares of Wabtec by 6.1% in the 3rd quarter. CI Investments Inc. now owns 865 shares of the transportation company’s stock valued at $173,000 after buying an additional 50 shares during the period. Quadrant Capital Group LLC raised its stake in Wabtec by 1.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 4,082 shares of the transportation company’s stock worth $818,000 after buying an additional 54 shares during the period. Wedmont Private Capital boosted its holdings in Wabtec by 2.6% in the third quarter. Wedmont Private Capital now owns 2,246 shares of the transportation company’s stock worth $444,000 after acquiring an additional 56 shares in the last quarter. OFI Invest Asset Management boosted its holdings in Wabtec by 10.0% in the third quarter. OFI Invest Asset Management now owns 625 shares of the transportation company’s stock worth $125,000 after acquiring an additional 57 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Wabtec by 6.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the transportation company’s stock valued at $204,000 after acquiring an additional 59 shares during the period. Institutional investors own 91.69% of the company’s stock.

Insider Activity

In other news, insider Nalin Jain sold 7,936 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $264.09, for a total value of $2,095,818.24. Following the completion of the sale, the insider owned 6,364 shares in the company, valued at $1,680,668.76. This represents a 55.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Gina Trombley sold 4,013 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $241.87, for a total transaction of $970,624.31. Following the completion of the sale, the executive vice president owned 13,841 shares of the company’s stock, valued at approximately $3,347,722.67. This represents a 22.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 33,310 shares of company stock worth $8,541,509. Company insiders own 1.10% of the company’s stock.

Wabtec Stock Performance

Shares of Wabtec stock opened at $236.60 on Monday. The company has a market cap of $40.34 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. Wabtec has a 52 week low of $151.81 and a 52 week high of $266.27. The business has a 50 day moving average price of $242.37 and a 200-day moving average price of $216.49. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38.

Wabtec (NYSE:WAB) last posted its earnings results on Wednesday, February 11th. The transportation company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter last year, the company earned $1.68 earnings per share. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Equities analysts anticipate that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec announced that its board has approved a stock buyback plan on Wednesday, February 11th that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the transportation company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Wabtec Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.31 per share. This is a boost from Wabtec’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, February 17th. This represents a $1.24 annualized dividend and a yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is 18.16%.

Analysts Set New Price Targets

WAB has been the subject of several recent research reports. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company increased their target price on Wabtec from $224.00 to $270.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Susquehanna set a $300.00 price target on shares of Wabtec in a research report on Thursday, February 12th. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, January 21st. Finally, Morgan Stanley restated an “overweight” rating and set a $315.00 price objective on shares of Wabtec in a report on Tuesday, February 17th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $269.00.

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.