Securian Asset Management Inc. Has $990,000 Stake in Wabtec $WAB

Securian Asset Management Inc. reduced its stake in shares of Wabtec (NYSE:WAB) by 43.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,638 shares of the transportation company’s stock after selling 3,504 shares during the quarter. Securian Asset Management Inc.’s holdings in Wabtec were worth $990,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WAB. Piscataqua Savings Bank boosted its position in Wabtec by 12,800.0% in the 3rd quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company’s stock valued at $26,000 after buying an additional 128 shares during the last quarter. BOKF NA increased its stake in shares of Wabtec by 66.7% in the 4th quarter. BOKF NA now owns 175 shares of the transportation company’s stock valued at $37,000 after buying an additional 70 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Wabtec during the fourth quarter worth $42,000. Root Financial Partners LLC bought a new stake in shares of Wabtec during the third quarter worth $44,000. Finally, Westfuller Advisors LLC lifted its stake in shares of Wabtec by 83.2% during 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. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on WAB. JPMorgan Chase & Co. decreased their price target on Wabtec from $290.00 to $280.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Rothschild & Co Redburn upgraded shares of Wabtec from a “neutral” rating to a “buy” rating and upped their target price for the company from $262.00 to $285.00 in a research report on Thursday, March 26th. Susquehanna reaffirmed a “positive” rating and issued a $305.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. KeyCorp lifted 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research note on Monday, April 20th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Wabtec has an average rating of “Moderate Buy” and an average target price of $289.82.

Insider Buying and Selling at Wabtec

In other Wabtec news, EVP Gina Trombley sold 4,013 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $241.87, for a total value of $970,624.31. Following the sale, the executive vice president directly owned 13,841 shares in the company, valued at approximately $3,347,722.67. This trade represents a 22.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nalin Jain sold 7,936 shares of Wabtec stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $264.09, for a total transaction of $2,095,818.24. Following the transaction, the insider directly owned 6,364 shares in the company, valued at approximately $1,680,668.76. This represents a 55.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 91,729 shares of company stock worth $24,387,500 over the last ninety days. 0.57% of the stock is owned by corporate insiders.

Wabtec Stock Up 0.5%

Shares of Wabtec stock opened at $269.38 on Wednesday. The business has a fifty day simple moving average of $255.58 and a 200 day simple moving average of $234.24. The stock has a market cap of $45.71 billion, a PE ratio of 38.10, a price-to-earnings-growth ratio of 1.92 and a beta of 0.97. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. Wabtec has a 12 month low of $184.26 and a 12 month high of $275.84.

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

Wabtec Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.24 annualized dividend and a yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is presently 17.54%.

Wabtec announced that its Board of Directors has approved a stock buyback program on Wednesday, February 11th that allows the company to buyback $1.20 billion in outstanding shares. This buyback authorization allows the transportation company to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

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.