Wabtec $WAB Holdings Reduced by Osmosis Investment Management UK Ltd

Osmosis Investment Management UK Ltd trimmed its holdings in Wabtec (NYSE:WAB) by 51.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,729 shares of the transportation company’s stock after selling 5,057 shares during the quarter. Osmosis Investment Management UK Ltd’s holdings in Wabtec were worth $1,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in WAB. Meeder Asset Management Inc. bought a new stake in Wabtec during the 2nd quarter valued at $26,000. Whipplewood Advisors LLC bought a new position in shares of Wabtec in the first quarter worth $25,000. Bell Investment Advisors Inc bought a new position in shares of Wabtec in the second quarter worth $29,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Wabtec by 125.9% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 73 shares during the period. Finally, Manchester Capital Management LLC increased its holdings in shares of Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 72 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wabtec Trading Up 0.0%

Wabtec stock opened at $297.70 on Tuesday. The firm has a market cap of $50.29 billion, a price-to-earnings ratio of 40.01, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. Wabtec has a 1 year low of $184.26 and a 1 year high of $306.64. The firm’s 50 day moving average price is $280.78 and its two-hundred day moving average price is $265.45. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12.

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

Wabtec Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WAB. Wall Street Zen downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. JPMorgan Chase & Co. raised their target price on shares of Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Wells Fargo & Company boosted their price target on shares of Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Susquehanna upped their price target on shares of Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research note on Thursday, July 23rd. Finally, KeyCorp increased their price objective on shares of Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $313.36.

Insiders Place Their Bets

In other Wabtec news, insider Michael Fetsko sold 3,250 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $293.22, for a total transaction of $952,965.00. Following the completion of the sale, the insider directly owned 37,380 shares of the company’s stock, valued at approximately $10,960,563.60. This represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $261.06, for a total transaction of $303,612.78. Following the completion of the transaction, the chief executive officer owned 124,077 shares of the company’s stock, valued at approximately $32,391,541.62. The trade was a 0.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,036 shares of company stock worth $6,113,542 over the last three months. Company insiders own 0.57% of the company’s stock.

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.