Royal London Asset Management Ltd. Has $243.38 Million Position in Wabtec $WAB

Royal London Asset Management Ltd. reduced its stake in Wabtec (NYSE:WAB) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,140,215 shares of the transportation company’s stock after selling 28,563 shares during the period. Wabtec accounts for 0.5% of Royal London Asset Management Ltd.’s holdings, making the stock its 29th biggest holding. Royal London Asset Management Ltd.’s holdings in Wabtec were worth $243,379,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd boosted its position 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 worth $28,000 after purchasing an additional 73 shares in the last quarter. Manchester Capital Management LLC increased its position in Wabtec by 122.0% in the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after buying an additional 72 shares in the last quarter. McMillan Office Inc. bought a new stake in Wabtec in the 4th quarter valued at about $31,000. BOKF NA raised its stake in Wabtec by 66.7% during the 4th quarter. BOKF NA now owns 175 shares of the transportation company’s stock worth $37,000 after buying an additional 70 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in Wabtec during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Activity

In other 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 completion of the sale, the chief executive officer owned 124,077 shares in the company, valued at $32,391,541.62. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 64,341 shares of company stock valued at $17,277,171. Corporate insiders own 0.57% of the company’s stock.

Wabtec Stock Performance

Shares of Wabtec stock opened at $264.90 on Friday. Wabtec has a 52 week low of $184.26 and a 52 week high of $275.84. 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 business has a 50 day moving average price of $262.62 and a 200-day moving average price of $243.43. The company has a market cap of $44.95 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 1.88 and a beta of 0.94.

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

Wabtec Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, May 22nd. Wabtec’s payout ratio is currently 17.54%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Rothschild & Co Redburn raised Wabtec from a “neutral” rating to a “buy” rating and raised their price objective for the company from $262.00 to $285.00 in a research note on Thursday, March 26th. Wolfe Research reaffirmed an “outperform” rating and set a $303.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. Citigroup increased their target price on Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Susquehanna reissued a “positive” rating and issued a $305.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. Finally, Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $289.82.

About Wabtec

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.