Swiss National Bank Has $125.39 Million Stake in Wabtec $WAB

Swiss National Bank raised its holdings in Wabtec (NYSE:WAB) by 7.1% in the first quarter, HoldingsChannel.com reports. The firm owned 501,729 shares of the transportation company’s stock after purchasing an additional 33,300 shares during the quarter. Swiss National Bank’s holdings in Wabtec were worth $125,387,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new stake in shares of Wabtec in the first quarter valued at approximately $25,000. Clal Insurance Enterprises Holdings Ltd grew its position in 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 buying an additional 73 shares in the last quarter. Manchester Capital Management LLC grew its position in 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 buying an additional 72 shares in the last quarter. McMillan Office Inc. bought a new position in Wabtec during the 4th quarter worth $31,000. Finally, Reflection Asset Management bought a new position in Wabtec during the 4th quarter worth $35,000. 91.69% of the stock is owned by institutional investors.

Insider Transactions at Wabtec

In other news, insider Sameer Gaur sold 1,082 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the sale, the insider directly owned 11,985 shares in the company, valued at approximately $3,158,047.50. This trade represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 124,077 shares in the company, valued at approximately $32,391,541.62. The trade was a 0.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 5,734 shares of company stock worth $1,504,571. Company insiders own 0.57% of the company’s stock.

Wabtec Stock Down 1.6%

NYSE WAB opened at $258.01 on Tuesday. The business has a fifty day moving average price of $264.10 and a two-hundred day moving average price of $253.37. 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 has a fifty-two week low of $184.26 and a fifty-two week high of $284.91. The stock has a market capitalization of $43.78 billion, a PE ratio of 36.49, a PEG ratio of 1.87 and a beta of 0.94.

Wabtec (NYSE:WAB) last issued its 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. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter last year, the business posted $2.28 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Equities analysts expect that Wabtec will post 10.64 earnings per share for the current fiscal year.

Wabtec Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 annualized dividend and a yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is 17.54%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WAB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a report on Friday. Morgan Stanley restated an “overweight” rating and issued a $318.00 price target on shares of Wabtec in a research report on Monday, April 27th. JPMorgan Chase & Co. boosted their price target on Wabtec from $290.00 to $300.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Susquehanna reaffirmed a “positive” rating and issued a $305.00 price target on shares of Wabtec in a research note on Thursday, April 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $290.00 price objective (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $293.36.

Wabtec 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.