Union Bancaire Privee UBP SA Sells 3,151 Shares of Wabtec $WAB

Union Bancaire Privee UBP SA cut its position in Wabtec (NYSE:WAB) by 22.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,019 shares of the transportation company’s stock after selling 3,151 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Wabtec were worth $2,393,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WAB. Creative Planning lifted its position in Wabtec by 22.8% during the 2nd quarter. Creative Planning now owns 23,709 shares of the transportation company’s stock worth $4,963,000 after acquiring an additional 4,408 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Wabtec by 5.9% in the second quarter. Rockefeller Capital Management L.P. now owns 17,652 shares of the transportation company’s stock valued at $3,696,000 after purchasing an additional 983 shares during the last quarter. Empowered Funds LLC grew its position in shares of Wabtec by 240.8% in the second quarter. Empowered Funds LLC now owns 15,924 shares of the transportation company’s stock valued at $3,334,000 after purchasing an additional 11,252 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of Wabtec by 16.8% in the second quarter. Handelsbanken Fonder AB now owns 69,472 shares of the transportation company’s stock worth $14,544,000 after purchasing an additional 9,995 shares during the period. Finally, ABN AMRO Bank N.V. bought a new position in shares of Wabtec in the second quarter worth about $21,825,000. Institutional investors own 91.69% of the company’s stock.

Wabtec Trading Down 0.6%

Shares of WAB opened at $235.68 on Friday. The stock’s 50-day moving average price is $244.09 and its 200 day moving average price is $217.69. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $40.19 billion, a price-to-earnings ratio of 34.51, a P/E/G ratio of 1.79 and a beta of 0.99. Wabtec has a 12-month low of $151.81 and a 12-month high of $266.27.

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

Wabtec Increases Dividend

The firm also recently declared 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 an increase from Wabtec’s previous quarterly dividend of $0.25. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, February 17th. Wabtec’s dividend payout ratio is presently 18.16%.

Wabtec declared that its board has approved a stock buyback program on Wednesday, February 11th that authorizes the company to buyback $1.20 billion in shares. This buyback authorization authorizes the transportation company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages recently weighed in on WAB. JPMorgan Chase & Co. increased their target price on Wabtec from $215.00 to $245.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Citigroup lifted their price target on Wabtec from $258.00 to $283.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. KeyCorp upped their price target on Wabtec from $240.00 to $308.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Susquehanna set a $300.00 price objective on shares of Wabtec in a research note on Thursday, February 12th. Finally, Wolfe Research raised shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 target price on the stock in a research report on Thursday, January 8th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $269.00.

Insider Activity

In other Wabtec news, insider Nalin Jain sold 7,936 shares of the business’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 sale, the insider owned 6,364 shares of the company’s stock, valued at $1,680,668.76. The trade was a 55.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Gina Trombley sold 4,013 shares of the stock in a transaction on 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 transaction, 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. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 31,512 shares of company stock valued at $8,160,028. 1.10% of the stock is owned by insiders.

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.