Vaughan Nelson Investment Management L.P. Grows Stock Holdings in Wabtec $WAB

Vaughan Nelson Investment Management L.P. lifted its stake in shares of Wabtec (NYSE:WAB) by 64.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,530 shares of the transportation company’s stock after acquiring an additional 13,180 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Wabtec were worth $8,379,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in Wabtec by 20.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock worth $1,700,238,000 after purchasing an additional 1,344,744 shares in the last quarter. State Street Corp lifted its holdings in shares of Wabtec by 2.6% in the 4th quarter. State Street Corp now owns 7,658,040 shares of the transportation company’s stock worth $1,634,609,000 after buying an additional 197,610 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Wabtec by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company’s stock worth $928,249,000 after buying an additional 38,029 shares during the period. Wellington Management Group LLP grew its position in shares of Wabtec by 3.6% during the 3rd quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock worth $662,390,000 after buying an additional 116,329 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in shares of Wabtec by 55.5% during the 4th quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock worth $659,939,000 after buying an additional 1,095,083 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on WAB shares. Susquehanna restated a “positive” rating and issued a $305.00 price objective on shares of Wabtec in a report on Thursday, April 23rd. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Jefferies Financial Group reissued a “buy” rating and set a $290.00 target price (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Rothschild & Co Redburn upgraded shares of Wabtec from a “neutral” rating to a “buy” rating and boosted their price target for the company from $262.00 to $285.00 in a report on Thursday, March 26th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a research report on Thursday, April 23rd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $289.82.

Insider Activity

In other news, insider Sameer Gaur sold 1,082 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $263.50, for a total value of $285,107.00. Following the sale, the insider owned 11,985 shares in the company, valued at $3,158,047.50. This represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rafael Santana sold 60,852 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 128,729 shares of the company’s stock, valued at $34,613,940.81. The trade was a 32.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 65,423 shares of company stock valued at $17,562,278. Insiders own 0.57% of the company’s stock.

Wabtec Price Performance

NYSE WAB opened at $276.80 on Tuesday. The firm’s fifty day simple moving average is $264.23 and its two-hundred day simple moving average is $246.50. 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 12-month low of $184.26 and a 12-month high of $278.98. The firm has a market capitalization of $46.97 billion, a P/E ratio of 39.15, a P/E/G ratio of 1.96 and a beta of 0.94.

Wabtec (NYSE:WAB) last released 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 firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the prior year, the firm earned $2.28 EPS. The firm’s revenue was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Analysts forecast that Wabtec will post 10.61 EPS for the current fiscal year.

Wabtec Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd were paid a dividend of $0.31 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. Wabtec’s dividend payout ratio (DPR) is presently 17.54%.

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.