M&T Bank Corp Has $2.25 Million Stock Holdings in Wabtec $WAB

Key Points

• M&T Bank boosted its stake in Wabtec by 57.3%, buying 3,846 shares to own 10,557 shares worth about $2.25 million as of the latest SEC filing.
• Wabtec reported a quarterly EPS beat ($2.71 vs. $2.62 est.) with revenue of $2.95B (missed $3.08B est.), set FY2026 guidance of 10.25–10.65 EPS, and authorized a $1.2 billion share buyback (up to 2.9% of shares).
• Institutional investors own 91.69% of Wabtec, analysts have a consensus "Moderate Buy" with an average target of about $289.82, while insiders have sold roughly $24.8 million of stock over the last 90 days.

M&T Bank Corp boosted its position in shares of Wabtec (NYSE:WAB - Free Report) by 57.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,557 shares of the transportation company's stock after buying an additional 3,846 shares during the quarter. M&T Bank Corp's holdings in Wabtec were worth $2,253,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in Wabtec by 3.6% during the 3rd quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company's stock worth $662,390,000 after buying an additional 116,329 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Wabtec by 55.5% during the 4th quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company's stock worth $659,939,000 after buying an additional 1,095,083 shares in the last quarter. Boston Partners lifted its holdings in Wabtec by 1.9% during the 3rd quarter. Boston Partners now owns 2,304,832 shares of the transportation company's stock worth $462,057,000 after buying an additional 43,376 shares in the last quarter. Farallon Capital Management LLC lifted its holdings in Wabtec by 68.6% during the 3rd quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company's stock worth $442,056,000 after buying an additional 896,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Wabtec by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,718,241 shares of the transportation company's stock worth $344,405,000 after buying an additional 19,952 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on WAB shares. JPMorgan Chase & Co. reduced their price objective on Wabtec from $290.00 to $280.00 and set a "neutral" rating on the stock in a report on Friday, April 10th. Weiss Ratings reiterated a "buy (b)" rating on shares of Wabtec in a research report on Monday, April 20th. Jefferies Financial Group reiterated a "buy" rating and set a $290.00 target price (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Stephens upped their target price on shares of Wabtec from $230.00 to $290.00 and gave the company an "overweight" rating in a research report on Thursday, February 12th. Finally, Wolfe Research reiterated an "outperform" rating and set a $303.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $289.82.

Wabtec Stock Performance

Shares of Wabtec stock opened at $265.63 on Friday. The firm has a fifty day moving average of $255.33 and a two-hundred day moving average of $232.72. The stock has a market capitalization of $45.07 billion, a price-to-earnings ratio of 37.57, a PEG ratio of 1.94 and a beta of 0.97. Wabtec has a 52 week low of $184.26 and a 52 week high of $275.84. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02.

Wabtec (NYSE:WAB - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, beating analysts' consensus estimates of $2.62 by $0.09. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The business had revenue of $2.95 billion during the quarter, compared to analysts' expectations of $3.08 billion. During the same quarter in the prior year, the company earned $2.28 EPS. The firm's quarterly revenue was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, equities research analysts predict that Wabtec will post 10.61 EPS for the current year.

Wabtec declared that its board has initiated a share buyback program on Wednesday, February 11th that permits the company to buyback $1.20 billion in shares. This buyback authorization permits the transportation company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In related news, EVP Gina Trombley sold 4,013 shares of the company's 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 completion of the sale, the executive vice president owned 13,841 shares in the company, valued at $3,347,722.67. This represents a 22.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John A. Olin sold 11,000 shares of the company's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $263.30, for a total transaction of $2,896,300.00. Following the completion of the sale, the chief financial officer owned 60,487 shares of the company's stock, valued at approximately $15,926,227.10. This represents a 15.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 93,527 shares of company stock worth $24,829,287 over the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

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.

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