Wabtec $WAB Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its stake in shares of Wabtec (NYSE:WAB) by 85.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,570 shares of the transportation company’s stock after selling 38,193 shares during the quarter. Quantbot Technologies LP’s holdings in Wabtec were worth $1,317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in WAB. Norges Bank acquired a new stake in Wabtec in the second quarter worth approximately $347,194,000. Qube Research & Technologies Ltd acquired a new position in shares of Wabtec during the 2nd quarter valued at $121,612,000. Aviva PLC increased its position in shares of Wabtec by 7,960.0% during the 2nd quarter. Aviva PLC now owns 527,685 shares of the transportation company’s stock valued at $110,471,000 after purchasing an additional 521,138 shares during the period. Vanguard Group Inc. raised its stake 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 buying an additional 493,437 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Wabtec by 36.8% in the second quarter. Amundi now owns 1,614,789 shares of the transportation company’s stock valued at $345,371,000 after buying an additional 434,401 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WAB shares. 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. JPMorgan Chase & Co. boosted their target price on shares of Wabtec from $215.00 to $245.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Wall Street Zen upgraded shares of Wabtec from a “hold” rating to a “buy” rating in a report on Monday. Wolfe Research upgraded shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price target on the stock in a research report on Thursday, January 8th. Finally, Bank of America increased their price objective on Wabtec from $228.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Wabtec presently has a consensus rating of “Moderate Buy” and a consensus target price of $269.00.

Insiders Place Their Bets

In related news, CFO John A. Olin sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $263.30, for a total transaction of $2,896,300.00. Following the completion of the sale, the chief financial officer directly owned 60,487 shares in the company, valued at approximately $15,926,227.10. This trade represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nalin Jain sold 7,936 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $264.09, for a total transaction of $2,095,818.24. Following the completion of the transaction, the insider owned 6,364 shares in the company, valued at approximately $1,680,668.76. This represents a 55.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 33,192 shares of company stock valued at $8,379,272 over the last ninety days. Insiders own 1.10% of the company’s stock.

Wabtec Price Performance

WAB opened at $251.64 on Friday. The firm has a market capitalization of $42.91 billion, a P/E ratio of 36.84, a PEG ratio of 1.97 and a beta of 0.99. The stock has a fifty day moving average of $239.08 and a 200-day moving average of $214.08. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. Wabtec has a 12-month low of $151.81 and a 12-month high of $266.27.

Wabtec (NYSE:WAB) last posted its quarterly earnings results on Wednesday, February 11th. The transportation company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.86 billion. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.Wabtec’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 earnings per share. 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 fiscal year.

Wabtec Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change 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 currently 18.16%.

Wabtec announced that its board has initiated a share repurchase plan on Wednesday, February 11th that permits the company to buyback $1.20 billion in shares. This buyback authorization permits the transportation company to reacquire up to 2.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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.