Nykredit A S Acquires New Stake in Wabtec $WAB

Nykredit A S purchased a new stake in Wabtec (NYSE:WAB) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 73,329 shares of the transportation company’s stock, valued at approximately $19,769,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Guggenheim Capital LLC lifted its stake in Wabtec by 7.4% in the 2nd quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company’s stock valued at $1,034,000 after acquiring an additional 342 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of Wabtec by 0.5% in the second quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company’s stock valued at $3,745,000 after purchasing an additional 97 shares during the last quarter. Nebula Research & Development LLC raised its holdings in shares of Wabtec by 208.7% in the second quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock valued at $1,128,000 after purchasing an additional 3,641 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Wabtec by 11.6% in the second quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company’s stock worth $19,281,000 after purchasing an additional 9,545 shares in the last quarter. Finally, Ieq Capital LLC boosted its holdings in Wabtec by 19.2% during the second quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company’s stock worth $6,354,000 after purchasing an additional 4,889 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on WAB shares. Morgan Stanley raised their target price on shares of Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Wells Fargo & Company lifted their target price on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Susquehanna increased their price target on Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a research report on Thursday, July 23rd. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, JPMorgan Chase & Co. upped their price objective on Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Wabtec presently has an average rating of “Moderate Buy” and an average target price of $313.36.

Insider Buying and Selling

In other news, VP David Deninno sold 3,000 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $301.31, for a total value of $903,930.00. Following the completion of the sale, the vice president directly owned 55,128 shares of the company’s stock, valued at $16,610,617.68. This represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sameer Gaur sold 1,082 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $263.50, for a total value of $285,107.00. Following the sale, the insider owned 11,985 shares of the company’s stock, valued at $3,158,047.50. This trade represents a 8.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 19,873 shares of company stock valued at $5,809,243 over the last three months. Insiders own 0.57% of the company’s stock.

Wabtec Stock Performance

NYSE WAB opened at $282.25 on Friday. The stock has a market cap of $47.67 billion, a PE ratio of 37.94, a P/E/G ratio of 1.90 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. The firm has a 50-day moving average of $283.36 and a 200-day moving average of $267.88. Wabtec has a 52-week low of $184.26 and a 52-week high of $306.64.

Wabtec (NYSE:WAB) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.60 by $0.16. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. Wabtec’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, sell-side analysts anticipate that Wabtec will post 10.86 EPS for the current year.

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th were given a $0.31 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $1.24 annualized dividend and a yield of 0.4%. Wabtec’s dividend payout ratio (DPR) is currently 16.67%.

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.