Andra AP fonden Acquires 82,100 Shares of Wabtec $WAB

Andra AP fonden boosted its holdings in Wabtec (NYSE:WAB) by 91.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 171,800 shares of the transportation company’s stock after purchasing an additional 82,100 shares during the period. Andra AP fonden owned about 0.10% of Wabtec worth $34,441,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Colonial Trust Advisors raised its stake in shares of Wabtec by 454.5% during the 2nd quarter. Colonial Trust Advisors now owns 122 shares of the transportation company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Piscataqua Savings Bank increased its holdings in Wabtec by 12,800.0% during the third quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock worth $26,000 after buying an additional 128 shares during the last quarter. Motco raised its position 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 acquiring an additional 132 shares during the period. Salomon & Ludwin LLC raised its position 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 acquiring an additional 126 shares during the period. Finally, North Capital Inc. boosted its stake in Wabtec by 18,900.0% in the third quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 189 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wabtec Stock Up 0.3%

WAB stock opened at $263.53 on Friday. The company’s 50 day moving average is $234.99 and its 200 day moving average is $211.71. The stock has a market cap of $44.94 billion, a price-to-earnings ratio of 38.58, a price-to-earnings-growth ratio of 1.98 and a beta of 1.01. 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 released its quarterly 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. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.68 EPS. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Sell-side analysts predict that Wabtec will post 8.54 EPS for the current fiscal year.

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

Wabtec Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be paid a $0.31 dividend. 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 yield of 0.5%. The ex-dividend date of this dividend is Tuesday, February 17th. Wabtec’s payout ratio is currently 18.16%.

Insider Buying and Selling at Wabtec

In other news, insider Nalin Jain sold 7,936 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $264.09, for a total transaction of $2,095,818.24. Following the transaction, the insider directly owned 6,364 shares in the company, valued at approximately $1,680,668.76. This represents a 55.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rogerio Mendonca sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $264.21, for a total value of $924,735.00. Following the transaction, the insider directly owned 10,101 shares in the company, valued at approximately $2,668,785.21. This represents a 25.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 39,061 shares of company stock valued at $9,583,454. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WAB shares. Morgan Stanley reiterated an “overweight” rating and issued a $315.00 price objective on shares of Wabtec in a research note on Tuesday, February 17th. Susquehanna set a $300.00 target price on Wabtec in a research note on Thursday, February 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a report on Wednesday, January 21st. Citigroup boosted their price objective on Wabtec from $258.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Bank of America increased their target price on shares of Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $269.00.

About Wabtec

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.