Boston Partners Trims Stake in Wabtec $WAB

Boston Partners cut its stake in shares of Wabtec (NYSE:WAB) by 12.8% in the 4th quarter, Holdings Channel reports. The fund owned 2,009,616 shares of the transportation company’s stock after selling 295,216 shares during the quarter. Boston Partners’ holdings in Wabtec were worth $430,269,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WAB. Clal Insurance Enterprises Holdings Ltd raised its stake 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 buying an additional 73 shares in the last quarter. Manchester Capital Management LLC grew its holdings in Wabtec by 122.0% during 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 during the last quarter. McMillan Office Inc. acquired a new stake in Wabtec during the 4th quarter valued at $31,000. BOKF NA boosted its holdings in shares of Wabtec by 66.7% during the fourth quarter. BOKF NA now owns 175 shares of the transportation company’s stock worth $37,000 after purchasing an additional 70 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Wabtec during the fourth quarter worth $42,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WAB shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Monday, April 20th. Wells Fargo & Company raised their price objective on Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Rothschild & Co Redburn raised Wabtec from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $262.00 to $285.00 in a research report on Thursday, March 26th. Morgan Stanley reissued an “overweight” rating and issued a $318.00 price objective on shares of Wabtec in a report on Monday, April 27th. Finally, Susquehanna restated a “positive” rating and issued a $305.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $289.82.

Wabtec Trading Up 1.1%

Wabtec stock opened at $264.90 on Friday. The stock has a market cap of $44.95 billion, a P/E ratio of 37.47, a P/E/G ratio of 1.88 and a beta of 0.94. Wabtec has a 12 month low of $184.26 and a 12 month high of $275.84. The company’s fifty day simple moving average is $262.62 and its 200-day simple moving average is $243.43. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42.

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

Wabtec Announces Dividend

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

Insider Transactions at Wabtec

In other Wabtec news, CEO Rafael Santana sold 60,852 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $268.89, for a total value of $16,362,494.28. Following the sale, the chief executive officer directly owned 128,729 shares in the company, valued at approximately $34,613,940.81. This trade represents a 32.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 64,341 shares of company stock valued at $17,277,171 over the last quarter. 0.57% of the stock is currently owned by company insiders.

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.