Intact Investment Management Inc. Decreases Position in Wabtec $WAB

Intact Investment Management Inc. decreased its holdings in shares of Wabtec (NYSE:WAB) by 57.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,700 shares of the transportation company’s stock after selling 10,280 shares during the quarter. Intact Investment Management Inc.’s holdings in Wabtec were worth $1,644,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. PFA Pension Forsikringsaktieselskab purchased a new stake in Wabtec during the fourth quarter worth approximately $83,507,000. Fifth Third Bancorp lifted its stake in Wabtec by 2.4% during the fourth quarter. Fifth Third Bancorp now owns 6,990 shares of the transportation company’s stock worth $1,492,000 after purchasing an additional 165 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in Wabtec by 6.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 16,954 shares of the transportation company’s stock worth $3,619,000 after purchasing an additional 1,025 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new stake in Wabtec during the fourth quarter worth approximately $235,000. Finally, Keybank National Association OH lifted its stake in Wabtec by 2.9% during the fourth quarter. Keybank National Association OH now owns 4,553 shares of the transportation company’s stock worth $972,000 after purchasing an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling

In other Wabtec news, EVP Gina Trombley sold 4,013 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $241.87, for a total value of $970,624.31. Following the completion of the sale, the executive vice president owned 13,841 shares in the company, valued at approximately $3,347,722.67. The trade was a 22.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John A. Olin sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $263.30, for a total value of $2,896,300.00. Following the completion of the sale, the chief financial officer owned 60,487 shares of the company’s stock, valued at approximately $15,926,227.10. This represents a 15.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 92,364 shares of company stock valued at $24,522,522 in the last 90 days. Company insiders own 0.57% of the company’s stock.

Wabtec Price Performance

Shares of NYSE WAB opened at $262.14 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42. Wabtec has a twelve month low of $184.26 and a twelve month high of $275.84. The stock has a 50 day moving average of $255.17 and a two-hundred day moving average of $231.21. The stock has a market cap of $44.48 billion, a P/E ratio of 37.08, a P/E/G ratio of 1.90 and a beta of 0.97.

Wabtec (NYSE:WAB) last issued its quarterly earnings data 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. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the previous year, the business earned $2.28 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, research analysts forecast that Wabtec will post 10.61 earnings per share for the current year.

Wabtec announced 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 usually a sign that the company’s board of directors believes its shares are undervalued.

Wabtec Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were paid a $0.31 dividend. 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 (DPR) is presently 17.54%.

Wall Street Analyst Weigh In

WAB has been the subject of several recent analyst reports. Wolfe Research restated an “outperform” rating and set a $303.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. KeyCorp boosted their target price on Wabtec from $240.00 to $308.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Stephens boosted their target price on Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Susquehanna reiterated a “positive” rating and issued a $305.00 price objective on shares of Wabtec in a research note on Thursday, April 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $289.82.

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.