PFA Pension Forsikringsaktieselskab Invests $83.51 Million in Wabtec $WAB

PFA Pension Forsikringsaktieselskab acquired a new position in shares of Wabtec (NYSE:WAB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 385,375 shares of the transportation company’s stock, valued at approximately $83,507,000.

A number of other hedge funds have also modified their holdings of the business. Wellington Management Group LLP increased its stake in shares of Wabtec by 3.6% during the 3rd quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock worth $662,390,000 after purchasing an additional 116,329 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Wabtec by 55.5% during the 4th quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock worth $659,939,000 after purchasing an additional 1,095,083 shares in the last quarter. Boston Partners increased its stake in shares of Wabtec by 1.9% during the 3rd quarter. Boston Partners now owns 2,304,832 shares of the transportation company’s stock worth $462,057,000 after purchasing an additional 43,376 shares in the last quarter. Farallon Capital Management LLC increased its stake in shares of Wabtec by 68.6% during the 3rd quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company’s stock worth $442,056,000 after purchasing an additional 896,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Wabtec by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,718,241 shares of the transportation company’s stock worth $344,405,000 after purchasing an additional 19,952 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Jefferies Financial Group restated a “buy” rating and set a $290.00 target price (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Wolfe Research restated an “outperform” rating and set a $303.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. KeyCorp raised their target price 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. Finally, JPMorgan Chase & Co. decreased their target price on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $289.82.

Insider Buying and Selling

In other Wabtec news, insider Rogerio Mendonca sold 3,500 shares of Wabtec stock in a transaction on 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 owned 10,101 shares in the company, valued at $2,668,785.21. This trade represents a 25.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nalin Jain sold 7,936 shares of Wabtec stock in a transaction 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 trade represents a 55.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 92,364 shares of company stock worth $24,522,522 over the last 90 days. Company insiders own 0.57% of the company’s stock.

Wabtec Stock Down 1.7%

Shares of NYSE WAB opened at $265.27 on Friday. Wabtec has a 1 year low of $184.26 and a 1 year high of $275.84. The firm’s 50 day moving average price is $255.17 and its 200 day moving average price is $230.70. The firm has a market cap of $45.01 billion, a P/E ratio of 37.52, a price-to-earnings-growth ratio of 1.93 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02.

Wabtec (NYSE:WAB) last announced its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. Wabtec’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the business earned $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, sell-side analysts anticipate that Wabtec will post 10.61 earnings per share for the current year.

Wabtec Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were issued a $0.31 dividend. This is a boost from Wabtec’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, February 17th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is 17.54%.

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

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.