Groupama Asset Managment Has $403,000 Stock Holdings in Wabtec $WAB

Groupama Asset Managment cut its position in Wabtec (NYSE:WAB) by 87.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,612 shares of the transportation company’s stock after selling 11,365 shares during the period. Groupama Asset Managment’s holdings in Wabtec were worth $403,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in Wabtec by 20.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock valued at $1,700,238,000 after acquiring an additional 1,344,744 shares during the last quarter. State Street Corp increased its stake in shares of Wabtec by 2.6% during the 4th quarter. State Street Corp now owns 7,658,040 shares of the transportation company’s stock worth $1,634,609,000 after purchasing an additional 197,610 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Wabtec by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company’s stock valued at $928,249,000 after purchasing an additional 38,029 shares during the period. Wellington Management Group LLP lifted its stake in Wabtec by 3.6% in the 3rd quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock valued at $662,390,000 after purchasing an additional 116,329 shares during the last quarter. Finally, Farallon Capital Management LLC grew its holdings in Wabtec by 12.3% during the fourth quarter. Farallon Capital Management LLC now owns 2,476,003 shares of the transportation company’s stock worth $528,503,000 after purchasing an additional 270,905 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wabtec Trading Up 0.3%

Shares of NYSE:WAB opened at $291.74 on Monday. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64. The stock has a market cap of $49.28 billion, a PE ratio of 39.21, a P/E/G ratio of 1.97 and a beta of 0.93. The business has a 50 day moving average of $269.72 and a 200-day moving average of $258.05. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WAB) last announced 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. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, equities research analysts forecast that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Announces Dividend

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

Insider Transactions at Wabtec

In other news, VP David L. Deninno sold 3,000 shares of Wabtec stock in a transaction on Friday, July 24th. The stock was sold at an average price of $301.31, for a total transaction of $903,930.00. Following the completion of the sale, the vice president owned 55,128 shares of the company’s stock, valued at approximately $16,610,617.68. This trade represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction dated 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 directly owned 124,077 shares of the company’s stock, valued at approximately $32,391,541.62. The trade was a 0.93% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 15,671 shares of company stock worth $4,527,193 over the last quarter. 0.57% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WAB shares. Stephens boosted their price target on Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Wall Street Zen cut Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday. Wells Fargo & Company boosted their target price on Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Citigroup dropped their price target on Wabtec from $313.00 to $311.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $303.00 price target on shares of Wabtec in a report on Thursday, April 23rd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Wabtec presently has a consensus rating of “Moderate Buy” and a consensus price target of $310.64.

Wabtec Company 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.