OMERS ADMINISTRATION Corp Acquires 2,950 Shares of Wabtec $WAB

OMERS ADMINISTRATION Corp grew its stake in Wabtec (NYSE:WAB) by 39.7% during the first quarter, Holdings Channel reports. The firm owned 10,386 shares of the transportation company’s stock after purchasing an additional 2,950 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Wabtec were worth $2,596,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WAB. Norges Bank bought a new position in Wabtec during the 4th quarter valued at $409,039,000. Price T Rowe Associates Inc. MD grew its stake in shares of Wabtec by 20.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock worth $1,700,238,000 after acquiring an additional 1,344,744 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Wabtec by 360.0% in the 4th quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company’s stock worth $188,945,000 after acquiring an additional 692,773 shares in the last quarter. UBS Group AG raised its holdings in shares of Wabtec by 194.2% in the third quarter. UBS Group AG now owns 1,033,304 shares of the transportation company’s stock valued at $207,146,000 after purchasing an additional 682,048 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Wabtec by 288.0% in the first quarter. Assenagon Asset Management S.A. now owns 851,733 shares of the transportation company’s stock valued at $212,857,000 after purchasing an additional 632,218 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wabtec Trading Up 1.5%

Shares of WAB opened at $305.54 on Wednesday. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $306.10. The business has a 50-day moving average of $267.62 and a 200 day moving average of $256.62. The firm has a market cap of $51.61 billion, a P/E ratio of 41.07, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12.

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

Wabtec Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a yield of 0.4%. Wabtec’s dividend payout ratio is 16.67%.

Insider Buying and Selling

In other Wabtec news, CTO Eric Gebhardt sold 7,100 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $299.27, for a total value of $2,124,817.00. Following the sale, the chief technology officer directly owned 19,153 shares in the company, valued at $5,731,918.31. This represents a 27.04% decrease in their position. The transaction 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 firm’s 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 transaction, the insider directly owned 11,985 shares of the company’s stock, valued at approximately $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,834 shares of company stock worth $4,833,958 in the last 90 days. 0.57% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on WAB. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research note on Friday, July 17th. Jefferies Financial Group restated a “buy” rating and issued a $290.00 target price (down from $300.00) on shares of Wabtec in a research note on Tuesday, March 31st. Morgan Stanley upped their target price on Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Stephens increased their price target on Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company boosted their price objective on Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $310.64.

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.