Barclays PLC Has $73.58 Million Stock Position in Wabtec $WAB

Barclays PLC lessened its holdings in Wabtec (NYSE:WAB) by 40.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 367,054 shares of the transportation company’s stock after selling 252,120 shares during the quarter. Barclays PLC owned 0.21% of Wabtec worth $73,583,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Empowered Funds LLC increased its stake in Wabtec by 240.8% during the 2nd quarter. Empowered Funds LLC now owns 15,924 shares of the transportation company’s stock worth $3,334,000 after acquiring an additional 11,252 shares during the period. Varenne Capital Partners lifted its position in shares of Wabtec by 39.5% during the 2nd quarter. Varenne Capital Partners now owns 277,078 shares of the transportation company’s stock valued at $58,006,000 after acquiring an additional 78,394 shares during the period. Varma Mutual Pension Insurance Co grew its holdings in shares of Wabtec by 9.1% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 47,924 shares of the transportation company’s stock worth $9,607,000 after purchasing an additional 4,000 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Wabtec during the 2nd quarter worth $9,371,000. Finally, Mediolanum International Funds Ltd bought a new position in shares of Wabtec in the second quarter worth $8,201,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Susquehanna set a $300.00 price target on Wabtec in a research note on Thursday, February 12th. Wolfe Research upgraded shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price objective on the stock in a research note on Thursday, January 8th. KeyCorp raised their target price on shares of Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Bank of America boosted their target price on shares of Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a report on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Wabtec presently has a consensus rating of “Moderate Buy” and a consensus price target of $269.00.

Wabtec Stock Performance

Wabtec stock opened at $244.16 on Monday. Wabtec has a 12-month low of $151.81 and a 12-month high of $266.27. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. The business’s 50-day moving average price is $239.58 and its two-hundred day moving average price is $214.77. The stock has a market cap of $41.63 billion, a PE ratio of 35.75, a P/E/G ratio of 1.85 and a beta of 0.99.

Wabtec (NYSE:WAB) last posted its earnings results on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. The business’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. As a group, analysts expect that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a dividend of $0.31 per share. The ex-dividend date was Tuesday, February 17th. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Wabtec’s previous quarterly dividend of $0.25. Wabtec’s dividend payout ratio is currently 18.16%.

Wabtec announced that its board has authorized a stock buyback program on Wednesday, February 11th that permits the company to buyback $1.20 billion in outstanding shares. This buyback authorization permits the transportation company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Wabtec news, CEO Rafael Santana sold 1,798 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $245.71, for a total value of $441,786.58. Following the sale, the chief executive officer owned 118,749 shares in the company, valued at $29,177,816.79. This trade represents a 1.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Nalin Jain sold 7,936 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $264.09, for a total value of $2,095,818.24. Following the sale, the insider directly owned 6,364 shares in the company, valued at approximately $1,680,668.76. This trade represents a 55.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 33,192 shares of company stock worth $8,379,272 over the last 90 days. 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.