Alberta Investment Management Corp Takes Position in Wabtec $WAB

Alberta Investment Management Corp bought a new stake in Wabtec (NYSE:WAB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,200 shares of the transportation company’s stock, valued at approximately $842,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Wabtec by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 19,930,893 shares of the transportation company’s stock worth $4,172,532,000 after acquiring an additional 493,437 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Wabtec by 0.7% during the second quarter. Geode Capital Management LLC now owns 4,288,014 shares of the transportation company’s stock worth $893,830,000 after acquiring an additional 30,489 shares in the last quarter. Boston Partners grew its holdings in Wabtec by 9.0% during the 2nd quarter. Boston Partners now owns 2,261,456 shares of the transportation company’s stock valued at $471,410,000 after buying an additional 186,248 shares in the last quarter. Nordea Investment Management AB lifted its stake in Wabtec by 24.0% in the 3rd quarter. Nordea Investment Management AB now owns 1,974,257 shares of the transportation company’s stock worth $393,252,000 after purchasing an additional 381,728 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Wabtec in the second quarter worth $347,194,000. Institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WAB shares. Susquehanna set a $300.00 price target on Wabtec in a research report on Thursday, February 12th. Morgan Stanley restated an “overweight” rating and issued a $315.00 price target on shares of Wabtec in a research report on Tuesday. 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. Stephens increased their price objective on shares of Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Finally, Citigroup raised their price objective on Wabtec from $258.00 to $283.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $269.00.

Wabtec Price Performance

Shares of WAB opened at $261.95 on Friday. Wabtec has a fifty-two week low of $151.81 and a fifty-two week high of $263.66. The company’s 50-day moving average is $230.02 and its 200-day moving average is $209.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.11 and a quick ratio of 0.57. The firm has a market capitalization of $44.67 billion, a PE ratio of 38.35, a PEG ratio of 1.96 and a beta of 1.01.

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

Wabtec Increases Dividend

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

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

Insider Transactions at Wabtec

In related news, VP David L. Deninno sold 5,000 shares of the firm’s 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 transaction, the vice president owned 50,450 shares in the company, valued at $10,827,579. This trade represents a 9.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Fetsko sold 5,058 shares of the company’s 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 completion of the transaction, the insider owned 36,882 shares of the company’s stock, valued at approximately $7,956,185.04. This trade represents a 12.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,673 shares of company stock valued at $3,420,576 over the last three months. 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.