E. Ohman J or Asset Management AB Increases Stock Position in Wabtec $WAB

E. Ohman J or Asset Management AB boosted its holdings in Wabtec (NYSE:WAB) by 141.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,804 shares of the transportation company’s stock after purchasing an additional 3,404 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Wabtec were worth $1,239,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Colonial Trust Advisors grew its position in 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 last quarter. Piscataqua Savings Bank raised its holdings in shares of 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 last quarter. Motco raised its holdings in shares of Wabtec by 6,600.0% in the third quarter. Motco now owns 134 shares of the transportation company’s stock valued at $27,000 after buying an additional 132 shares during the last quarter. Salomon & Ludwin LLC raised its holdings in shares of Wabtec by 370.6% in the third quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company’s stock valued at $32,000 after buying an additional 126 shares during the last quarter. Finally, North Capital Inc. boosted its stake in shares of Wabtec by 18,900.0% during the third quarter. North Capital Inc. now owns 190 shares of the transportation company’s stock worth $38,000 after buying an additional 189 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Stock Up 1.2%

Shares of NYSE:WAB opened at $248.61 on Thursday. Wabtec has a fifty-two week low of $151.81 and a fifty-two week 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 firm’s 50-day simple moving average is $245.21 and its 200-day simple moving average is $218.98. The company has a market cap of $42.39 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 1.85 and a beta of 0.99.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, beating 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 the consensus estimate of $2.86 billion. During the same quarter last year, the firm earned $1.68 earnings per share. The firm’s revenue 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, equities research analysts predict that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were issued a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. This is an increase from Wabtec’s previous quarterly dividend of $0.25. Wabtec’s payout ratio is 18.16%.

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

Insiders Place Their Bets

In related news, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $243.10, for a total value of $282,725.30. Following the sale, the chief executive officer directly owned 190,744 shares in the company, valued at $46,369,866.40. The trade was a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO John A. Olin sold 11,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $263.30, for a total value of $2,896,300.00. Following the transaction, the chief financial officer directly owned 60,487 shares in the company, valued at $15,926,227.10. This represents a 15.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 31,512 shares of company stock worth $8,160,028. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Stephens raised their price target on Wabtec from $230.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. upped their price objective on Wabtec from $215.00 to $245.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. KeyCorp lifted their target price on Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Susquehanna set a $300.00 price target on Wabtec in a research note on Thursday, February 12th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.