Wabtec $WAB Shares Bought by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd lifted its holdings in shares of Wabtec (NYSE:WAB) by 40.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,321 shares of the transportation company’s stock after purchasing an additional 6,991 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Wabtec were worth $6,557,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Guggenheim Capital LLC boosted its stake in Wabtec by 7.4% in the 2nd quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company’s stock worth $1,034,000 after buying an additional 342 shares during the last quarter. Bank of Nova Scotia increased its stake in shares of Wabtec by 0.5% during the 2nd quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company’s stock valued at $3,745,000 after acquiring an additional 97 shares during the last quarter. Nebula Research & Development LLC lifted its holdings in shares of Wabtec by 208.7% during the 2nd quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock worth $1,128,000 after acquiring an additional 3,641 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of Wabtec by 11.6% during the 2nd quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company’s stock worth $19,281,000 after acquiring an additional 9,545 shares during the period. Finally, Ieq Capital LLC boosted its position in shares of Wabtec by 19.2% in the second quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company’s stock worth $6,354,000 after acquiring an additional 4,889 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WAB. Wolfe Research reiterated an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a report on Thursday, April 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. Stephens lifted their target price on Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Susquehanna upped their price target on Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company raised their price objective on Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $313.36.

Wabtec Trading Up 0.8%

Shares of WAB stock opened at $297.93 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $306.64. The firm’s 50 day moving average price is $276.02 and its two-hundred day moving average price is $262.26. The stock has a market cap of $50.32 billion, a price-to-earnings ratio of 40.04, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, analysts anticipate that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be given a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 annualized dividend and a yield of 0.4%. Wabtec’s dividend payout ratio (DPR) is 16.67%.

Insider Buying and Selling

In other news, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was 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 of the company’s stock, valued at $32,391,541.62. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Eric Gebhardt sold 7,100 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $299.27, for a total value of $2,124,817.00. Following the sale, the chief technology officer owned 19,153 shares in the company, valued at approximately $5,731,918.31. The trade was a 27.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 16,834 shares of company stock worth $4,874,977. Company insiders own 0.57% of the company’s stock.

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.