Bessemer Group Inc. Trims Stock Position in Wabtec $WAB

Bessemer Group Inc. cut its stake in Wabtec (NYSE:WAB) by 0.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,149,971 shares of the transportation company’s stock after selling 4,831 shares during the quarter. Bessemer Group Inc. owned about 0.67% of Wabtec worth $230,535,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Colonial Trust Advisors boosted its position in Wabtec by 454.5% during the 2nd quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Piscataqua Savings Bank lifted its stake in shares of Wabtec by 12,800.0% in the 3rd quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 128 shares during the period. Motco grew its stake in Wabtec by 6,600.0% in the third quarter. Motco now owns 134 shares of the transportation company’s stock worth $27,000 after purchasing an additional 132 shares during the period. Salomon & Ludwin LLC raised its holdings in Wabtec by 370.6% in the third quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock worth $32,000 after purchasing an additional 126 shares in the last quarter. Finally, North Capital Inc. lifted its position in Wabtec by 18,900.0% during the third quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock valued at $38,000 after buying an additional 189 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wabtec Price Performance

Shares of WAB opened at $240.95 on Thursday. Wabtec has a twelve month low of $151.81 and a twelve month high of $243.99. The company has a market capitalization of $41.19 billion, a P/E ratio of 35.02, a price-to-earnings-growth ratio of 1.61 and a beta of 1.01. The firm has a 50 day moving average of $221.04 and a 200 day moving average of $205.07. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.45.

Insider Activity at Wabtec

In other news, VP David L. Deninno sold 5,000 shares of Wabtec stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $214.62, for a total value of $1,073,100.00. Following the completion of the sale, the vice president directly owned 50,450 shares in the company, valued at $10,827,579. The trade was a 9.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Fetsko sold 5,058 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $215.72, for a total transaction of $1,091,111.76. Following the transaction, the insider owned 36,882 shares in the company, valued at approximately $7,956,185.04. This trade represents a 12.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,641 shares of company stock valued at $5,233,559 over the last three months. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on WAB shares. Morgan Stanley upped their target price on shares of Wabtec from $257.00 to $264.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. JPMorgan Chase & Co. raised their target price on shares of Wabtec from $215.00 to $245.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Wells Fargo & Company lifted their target price on shares of Wabtec from $221.00 to $224.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Bank of America upped their price target on Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Susquehanna lifted their price objective on Wabtec from $240.00 to $280.00 and gave the company a “positive” rating in a research note on Monday, January 26th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $241.00.

More Wabtec News

Here are the key news stories impacting Wabtec this week:

• Positive Sentiment: Wabtec signed a $1.2 billion contract with Union Pacific to modernize UP’s AC4400 locomotives — described as the largest locomotive‑modernization agreement in rail industry history. The deal lifts Wabtec’s service/backlog visibility, supports multi‑year revenue and aftermarket services, and directly addresses strong freight railroad maintenance demand. Union Pacific and Wabtec Sign $1.2B Deal to Modernize Locomotives
• Positive Sentiment: Coverage across industry outlets emphasizes the contract’s scale and likely margin benefit from modernization work and aftermarket parts/services — a high‑visibility, recurring‑revenue opportunity that investors typically value more highly than one‑time equipment sales. Wabtec Lands $1.2B UP Locomotive Overhaul Order
• Neutral Sentiment: Analyst/preview pieces ahead of Wabtec’s Q4 report are mixed but keep focus on Freight and Transit demand and rising consensus estimates — these drive expectations but leave outcomes dependent on the company’s actual results and guidance updates. (See earnings previews below for differing takes.)
• Negative Sentiment: One earnings preview flags that Wabtec may lack the specific mix of revenue and margin drivers needed for a likely earnings beat next week, suggesting upside from the UP deal could be partially offset if Q4 results or guidance disappoint. Westinghouse Air Brake Technologies (WAB) Reports Next Week: Wall Street Expects Earnings Growth

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.