Allstate Corp Has $2.71 Million Stock Holdings in Wabtec $WAB

Key Points

• Allstate Corp more than doubled its Wabtec stake in the fourth quarter, increasing holdings by 100.7% to 12,672 shares valued at about $2.71 million.
• Wabtec reported strong quarterly earnings, posting EPS of $2.71 versus the $2.62 consensus and growing revenue 13% year over year, while also guiding FY 2026 EPS to 10.25–10.65.
• The company’s board authorized a $1.2 billion share buyback and declared a quarterly dividend of $0.31 per share, signaling continued capital returns to shareholders.

Allstate Corp raised its holdings in shares of Wabtec (NYSE:WAB - Free Report) by 100.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,672 shares of the transportation company's stock after purchasing an additional 6,357 shares during the quarter. Allstate Corp's holdings in Wabtec were worth $2,705,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. BOKF NA lifted its holdings in Wabtec by 66.7% during the 4th quarter. BOKF NA now owns 175 shares of the transportation company's stock valued at $37,000 after purchasing an additional 70 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Wabtec during the 4th quarter valued at $42,000. Westfuller Advisors LLC lifted its holdings in shares of Wabtec by 83.2% during the fourth quarter. Westfuller Advisors LLC now owns 207 shares of the transportation company's stock worth $44,000 after buying an additional 94 shares in the last quarter. Steigerwald Gordon & Koch Inc. lifted its holdings in shares of Wabtec by 258.3% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 215 shares of the transportation company's stock worth $46,000 after buying an additional 155 shares in the last quarter. Finally, Salomon & Ludwin LLC lifted its holdings in shares of Wabtec by 35.6% during the fourth quarter. Salomon & Ludwin LLC now owns 217 shares of the transportation company's stock worth $47,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Insider Transactions at Wabtec

In related news, CEO Rafael Santana sold 60,852 shares of the business's stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total value of $16,362,494.28. Following the completion of the transaction, the chief executive officer owned 128,729 shares of the company's stock, valued at $34,613,940.81. The trade was a 32.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gina Trombley sold 4,013 shares of the business's stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $241.87, for a total value of $970,624.31. Following the completion of the transaction, the executive vice president directly owned 13,841 shares of the company's stock, valued at approximately $3,347,722.67. This trade represents a 22.48% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 67,191 shares of company stock valued at $17,922,608. 0.57% of the stock is owned by insiders.

Wabtec Stock Down 0.1%

WAB stock opened at $261.12 on Thursday. The company has a market cap of $44.31 billion, a PE ratio of 36.93, a price-to-earnings-growth ratio of 1.87 and a beta of 0.97. The business has a 50-day simple moving average of $258.15 and a 200 day simple moving average of $238.77. Wabtec has a 52 week low of $184.26 and a 52 week high of $275.84. 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 (NYSE:WAB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, beating analysts' consensus estimates of $2.62 by $0.09. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.Wabtec's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Sell-side analysts anticipate that Wabtec will post 10.61 EPS for the current fiscal year.

Wabtec declared that its board has initiated a share buyback plan on Wednesday, February 11th that allows the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization allows the transportation company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Wabtec Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, May 22nd. Wabtec's payout ratio is 17.54%.

Analysts Set New Price Targets

WAB has been the subject of a number of research reports. Wall Street Zen downgraded Wabtec from a "buy" rating to a "hold" rating in a report on Saturday, March 14th. Rothschild & Co Redburn raised Wabtec from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $262.00 to $285.00 in a report on Thursday, March 26th. JPMorgan Chase & Co. dropped their target price on Wabtec from $290.00 to $280.00 and set a "neutral" rating for the company in a report on Friday, April 10th. Morgan Stanley reissued an "overweight" rating and set a $318.00 target price on shares of Wabtec in a report on Monday, April 27th. Finally, Citigroup lifted their target price on Wabtec from $283.00 to $292.00 and gave the stock a "buy" rating in a report on Thursday, April 9th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $289.82.

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.

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