Wabtec $WAB Stake Lifted by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of Wabtec (NYSE:WAB) by 0.9% in the fourth quarter, HoldingsChannel reports. The firm owned 4,366,157 shares of the transportation company’s stock after acquiring an additional 38,029 shares during the period. Geode Capital Management LLC’s holdings in Wabtec were worth $928,249,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WAB. BOKF NA boosted its stake in Wabtec by 66.7% during the 4th quarter. BOKF NA now owns 175 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 70 shares during the period. FNY Investment Advisers LLC acquired a new position in Wabtec during the 4th quarter valued at about $42,000. Westfuller Advisors LLC boosted its stake in Wabtec by 83.2% during the 4th quarter. Westfuller Advisors LLC now owns 207 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 94 shares during the period. Steigerwald Gordon & Koch Inc. raised its stake in Wabtec by 258.3% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 215 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 155 shares in the last quarter. Finally, Salomon & Ludwin LLC raised its stake in Wabtec by 35.6% during the 4th quarter. Salomon & Ludwin LLC now owns 217 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 57 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WAB has been the topic of several recent analyst reports. Wolfe Research reaffirmed an “outperform” rating and set a $303.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $290.00 target price (down from $300.00) on shares of Wabtec in a research note on Tuesday, March 31st. Susquehanna reaffirmed a “positive” rating and set a $305.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. Rothschild & Co Redburn raised shares of Wabtec from a “neutral” rating to a “buy” rating and raised their target price for the company from $262.00 to $285.00 in a research note on Thursday, March 26th. Finally, Morgan Stanley reissued an “overweight” rating and set a $318.00 target price on shares of Wabtec in a research note on Monday, April 27th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $289.82.

Insider Buying and Selling at Wabtec

In other Wabtec news, CEO Rafael Santana sold 60,852 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total value of $16,362,494.28. Following the transaction, the chief executive officer owned 128,729 shares of the company’s stock, valued at approximately $34,613,940.81. This represents a 32.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gina Trombley sold 4,013 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $241.87, for a total value of $970,624.31. Following the completion of the transaction, the executive vice president directly owned 13,841 shares in the company, valued at $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. Insiders sold 67,191 shares of company stock worth $17,922,608 in the last ninety days. 0.57% of the stock is owned by corporate insiders.

Wabtec Price Performance

Shares of NYSE WAB opened at $261.27 on Friday. Wabtec has a twelve month low of $184.26 and a twelve month high of $275.84. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $44.33 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 1.87 and a beta of 0.97. The firm has a 50-day moving average of $259.09 and a two-hundred day moving average of $239.31.

Wabtec (NYSE:WAB) last issued its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. Wabtec’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, analysts expect that Wabtec will post 10.61 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. Wabtec’s dividend payout ratio is currently 17.54%.

Wabtec declared that its Board of Directors has authorized a share buyback program on Wednesday, February 11th that authorizes the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization authorizes the transportation company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

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.