Dimensional Fund Advisors LP Has $344.41 Million Stake in Wabtec $WAB

Dimensional Fund Advisors LP boosted its stake in Wabtec (NYSE:WAB) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,718,241 shares of the transportation company’s stock after acquiring an additional 19,952 shares during the quarter. Dimensional Fund Advisors LP owned 1.01% of Wabtec worth $344,405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WAB. Y Intercept Hong Kong Ltd acquired a new stake in shares of Wabtec in the 2nd quarter valued at about $334,000. NewSquare Capital LLC boosted its position in shares of Wabtec by 125.3% during the second quarter. NewSquare Capital LLC now owns 223 shares of the transportation company’s stock worth $47,000 after buying an additional 124 shares during the period. Crestwood Advisors Group LLC bought a new position in shares of Wabtec during the second quarter worth about $256,000. Asahi Life Asset Management CO. LTD. acquired a new stake in Wabtec in the 2nd quarter valued at approximately $389,000. Finally, Resona Asset Management Co. Ltd. lifted its stake in Wabtec by 3.7% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 55,584 shares of the transportation company’s stock valued at $11,622,000 after acquiring an additional 2,001 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Citigroup upped their price target on Wabtec from $258.00 to $283.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Wall Street Zen raised shares of Wabtec from a “hold” rating to a “buy” rating in a research report on Monday. Wolfe Research raised shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 target price for the company in a research report on Thursday, January 8th. KeyCorp boosted their price target on shares of Wabtec from $240.00 to $308.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, Wells Fargo & Company increased their price objective on shares of Wabtec from $224.00 to $270.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Wabtec has an average rating of “Moderate Buy” and an average target price of $269.00.

Wabtec Price Performance

Shares of WAB opened at $251.64 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The company’s fifty day simple moving average is $239.08 and its 200 day simple moving average is $214.08. Wabtec has a 1-year low of $151.81 and a 1-year high of $266.27. The company has a market cap of $42.91 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 1.97 and a beta of 0.99.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.86 billion. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 EPS. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, research analysts forecast that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. This is a boost from Wabtec’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, February 17th. Wabtec’s dividend payout ratio (DPR) is presently 18.16%.

Wabtec announced that its Board of Directors has approved a stock repurchase 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 shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Wabtec

In other news, insider Nalin Jain sold 7,936 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $264.09, for a total value of $2,095,818.24. Following the completion of the sale, the insider directly owned 6,364 shares of the company’s stock, valued at $1,680,668.76. This trade represents a 55.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO John A. Olin sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $263.30, for a total value of $2,896,300.00. Following the transaction, the chief financial officer directly owned 60,487 shares in the company, valued at $15,926,227.10. The trade was a 15.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 33,192 shares of company stock valued at $8,379,272. Company insiders own 1.10% 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.