Mitsubishi UFJ Asset Management Co. Ltd. Buys 29,351 Shares of Wabtec $WAB

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Wabtec (NYSE:WAB) by 8.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 365,632 shares of the transportation company’s stock after purchasing an additional 29,351 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Wabtec were worth $79,079,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Piscataqua Savings Bank boosted its position 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 acquiring an additional 128 shares during the period. BOKF NA boosted its position in shares of Wabtec by 66.7% in the fourth quarter. BOKF NA now owns 175 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 70 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Wabtec in the fourth quarter valued at approximately $42,000. Root Financial Partners LLC bought a new stake in shares of Wabtec in the third quarter valued at approximately $44,000. Finally, Westfuller Advisors LLC boosted its position in shares of Wabtec by 83.2% in the fourth quarter. Westfuller Advisors LLC now owns 207 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 94 shares during the period. 91.69% of the stock is owned by institutional investors.

Wabtec Stock Down 1.8%

Shares of WAB stock opened at $265.63 on Friday. The stock has a market cap of $45.07 billion, a P/E ratio of 37.57, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. Wabtec has a one year low of $184.26 and a one year high of $275.84. The stock has a fifty day moving average price of $255.33 and a 200 day moving average price of $232.72. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.62 by $0.09. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.Wabtec’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Analysts predict that Wabtec will post 10.61 earnings per share for the current year.

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

Insider Transactions at Wabtec

In related news, CEO Rafael Santana sold 60,852 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total value of $16,362,494.28. Following the completion of the transaction, the chief executive officer directly owned 128,729 shares of the company’s stock, valued at $34,613,940.81. This trade represents a 32.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Rogerio Mendonca sold 3,500 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $264.21, for a total value of $924,735.00. Following the completion of the transaction, the insider directly owned 10,101 shares of the company’s stock, valued at approximately $2,668,785.21. This trade represents a 25.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 93,527 shares of company stock valued at $24,829,287 over the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WAB. Rothschild & Co Redburn raised Wabtec from a “neutral” rating to a “buy” rating and increased their price objective for the company from $262.00 to $285.00 in a research report on Thursday, March 26th. KeyCorp increased their price objective on Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Monday, April 20th. Wells Fargo & Company increased their price objective on Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $318.00 price objective on shares of Wabtec in a research report on Monday, April 27th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $289.82.

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.