B. Metzler seel. Sohn & Co. AG Has $24.47 Million Holdings in Wabtec $WAB

B. Metzler seel. Sohn & Co. AG grew its position in shares of Wabtec (NYSE:WAB) by 275.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 122,048 shares of the transportation company’s stock after purchasing an additional 89,529 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned about 0.07% of Wabtec worth $24,467,000 as of its most recent SEC filing.

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

Wabtec Price Performance

Shares of NYSE WAB opened at $244.16 on Friday. The firm has a market capitalization of $41.63 billion, a P/E ratio of 35.75, a P/E/G ratio of 1.85 and a beta of 0.99. The firm’s 50-day moving average price is $239.58 and its 200-day moving average price is $214.61. The company has a current ratio of 1.11, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. Wabtec has a 1-year low of $151.81 and a 1-year high of $266.27.

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

Wabtec Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were paid a $0.31 dividend. 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 payout ratio is 18.16%.

Wabtec declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 11th that allows the company to buyback $1.20 billion in shares. This buyback authorization allows the transportation company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

WAB has been the subject of several research analyst reports. Citigroup lifted their price objective on Wabtec from $258.00 to $283.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Susquehanna set a $300.00 target price on Wabtec in a research report on Thursday, February 12th. Wall Street Zen raised Wabtec from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. Bank of America boosted their price target on Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, JPMorgan Chase & Co. increased their price target on Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Wabtec currently has an average rating of “Moderate Buy” and an average target price of $269.00.

Insider Activity

In other news, insider Rogerio Mendonca sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $264.21, for a total transaction of $924,735.00. Following the transaction, the insider directly owned 10,101 shares of the company’s stock, valued at $2,668,785.21. This represents a 25.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Gregory Sbrocco sold 952 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $258.43, for a total value of $246,025.36. Following the completion of the transaction, the executive vice president owned 21,159 shares in the company, valued at approximately $5,468,120.37. This represents a 4.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 33,192 shares of company stock valued at $8,379,272. Corporate insiders own 1.10% of the company’s stock.

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.