Pictet Asset Management Holding SA Has $31.11 Million Holdings in Wabtec $WAB

Pictet Asset Management Holding SA reduced its holdings in shares of Wabtec (NYSE:WAB) by 2.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 124,529 shares of the transportation company’s stock after selling 2,785 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.07% of Wabtec worth $31,105,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WAB. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Wabtec by 125.9% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after acquiring an additional 73 shares during the period. Manchester Capital Management LLC increased its stake in shares of Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 72 shares during the period. McMillan Office Inc. bought a new position in shares of Wabtec during the fourth quarter worth approximately $31,000. Reflection Asset Management acquired a new stake in Wabtec during the 4th quarter worth approximately $35,000. Finally, BOKF NA lifted its holdings in Wabtec by 66.7% during the 4th quarter. BOKF NA now owns 175 shares of the transportation company’s stock worth $37,000 after purchasing an additional 70 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Wabtec Stock Performance

Shares of Wabtec stock opened at $269.82 on Wednesday. The company’s 50 day moving average price is $265.32 and its two-hundred day moving average price is $249.01. The firm has a market capitalization of $45.78 billion, a P/E ratio of 38.16, a P/E/G ratio of 1.92 and a beta of 0.94. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $284.91. 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 posted its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.62 by $0.09. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the company earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, equities analysts forecast that Wabtec will post 10.61 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 22nd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, May 22nd. Wabtec’s dividend payout ratio is currently 17.54%.

Analyst Ratings Changes

Several research firms recently commented on WAB. Morgan Stanley restated an “overweight” rating and issued a $318.00 price target on shares of Wabtec in a research note on Monday, April 27th. Susquehanna restated a “positive” rating and set a $305.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a report on Monday, April 20th. Jefferies Financial Group reiterated a “buy” rating and issued a $290.00 price target (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Finally, Wells Fargo & Company boosted their price target on Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Wabtec has a consensus rating of “Moderate Buy” and a consensus price target of $289.82.

Insider Buying and Selling at Wabtec

In related news, CEO Rafael Santana sold 1,163 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $261.06, for a total transaction of $303,612.78. Following the transaction, the chief executive officer directly owned 124,077 shares of the company’s stock, valued at $32,391,541.62. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of Wabtec stock in a transaction on Friday, June 12th. The shares were sold at an average price of $263.50, for a total transaction of $285,107.00. Following the completion of the sale, the insider directly owned 11,985 shares of the company’s stock, valued at approximately $3,158,047.50. This trade represents a 8.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 65,423 shares of company stock valued at $17,562,278. 0.57% of the stock is currently owned by corporate insiders.

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.