Andra AP fonden Sells 34,900 Shares of Wabtec $WAB

Andra AP fonden lowered its holdings in shares of Wabtec (NYSE:WAB) by 20.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 136,900 shares of the transportation company’s stock after selling 34,900 shares during the quarter. Andra AP fonden’s holdings in Wabtec were worth $29,221,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Manchester Capital Management LLC raised its stake in shares of Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 72 shares during the period. BOKF NA raised its stake in shares of Wabtec by 66.7% in the fourth quarter. BOKF NA now owns 175 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 70 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Wabtec in the fourth quarter valued at $42,000. Westfuller Advisors LLC raised its stake in shares of Wabtec by 83.2% in the fourth quarter. Westfuller Advisors LLC now owns 207 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 94 shares during the period. Finally, Steigerwald Gordon & Koch Inc. raised its stake in shares of Wabtec by 258.3% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 215 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 155 shares during the period. Institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on WAB shares. Wells Fargo & Company raised their price target on shares of Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Wall Street Zen downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Rothschild & Co Redburn raised shares of Wabtec from a “neutral” rating to a “buy” rating and raised their price target for the stock from $262.00 to $285.00 in a research note on Thursday, March 26th. Susquehanna reaffirmed a “positive” rating and issued a $305.00 price target on shares of Wabtec in a research note on Thursday, April 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $290.00 price target (down from $300.00) on shares of Wabtec in a research note on Tuesday, March 31st. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $289.82.

Wabtec Stock Up 2.2%

NYSE:WAB opened at $262.07 on Friday. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $275.84. The stock has a market capitalization of $44.47 billion, a P/E ratio of 37.07, a P/E/G ratio of 1.84 and a beta of 0.94. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. The company’s 50-day simple moving average is $262.46 and its 200-day simple moving average is $243.28.

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

Wabtec Announces Dividend

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

Insider Buying and Selling at Wabtec

In other news, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $261.06, for a total value of $303,612.78. Following the sale, the chief executive officer directly owned 124,077 shares in the company, valued at approximately $32,391,541.62. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 64,341 shares of company stock valued at $17,277,171. 0.57% of the stock is currently owned by company insiders.

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.