Nykredit A S Makes New Investment in Wabtec $WAB

Key Points

• Nykredit A/S acquired 68,624 Wabtec shares in the second quarter, valued at approximately $18.5 million. Institutional investors collectively own 91.69% of Wabtec’s outstanding stock.
• Wabtec exceeded quarterly expectations, reporting $2.76 in adjusted EPS on $3.18 billion in revenue, with revenue up 17.5% year over year. Analysts maintain a “Moderate Buy” consensus and a $313.36 average price target.
• Several analysts raised their price targets, while Wabtec reported insider selling totaling $5.22 million over the past quarter. The company also pays a quarterly dividend of $0.31 per share, equivalent to a 0.4% annual yield.

Nykredit A S acquired a new position in shares of Wabtec (NYSE:WAB - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 68,624 shares of the transportation company's stock, valued at approximately $18,501,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of WAB. Whipplewood Advisors LLC purchased a new stake in Wabtec during the first quarter valued at $25,000. Meeder Asset Management Inc. bought a new position in Wabtec during the second quarter valued at $26,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Wabtec by 125.9% in the 4th 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. Bell Investment Advisors Inc bought a new stake in shares of Wabtec in the 2nd quarter worth about $29,000. Finally, Fiduciary Financial Advisors bought a new stake in shares of Wabtec in the 2nd quarter worth about $29,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Wabtec

In other news, CTO Eric Gebhardt sold 7,100 shares of Wabtec stock in a transaction on Friday, July 24th. The stock was sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the completion of the sale, the chief technology officer directly owned 19,153 shares in the company, valued at approximately $5,731,918.31. This trade represents a 27.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David Deninno sold 3,000 shares of the business's stock in a transaction on Friday, July 24th. The shares were sold at an average price of $301.31, for a total transaction of $903,930.00. Following the sale, the vice president directly owned 55,128 shares of the company's stock, valued at $16,610,617.68. This represents a 5.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,628 shares of company stock worth $5,220,523 over the last quarter. 0.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on WAB shares. Morgan Stanley lifted their price target on Wabtec from $318.00 to $355.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Weiss Ratings restated a "buy (b)" rating on shares of Wabtec in a research report on Friday, July 17th. JPMorgan Chase & Co. raised their price objective on Wabtec from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Wells Fargo & Company lifted 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. Finally, Stephens boosted their target price on Wabtec from $320.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $313.36.

Wabtec Stock Performance

Shares of NYSE:WAB opened at $280.23 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. Wabtec has a 12 month low of $186.06 and a 12 month high of $306.64. The company has a market capitalization of $47.33 billion, a price-to-earnings ratio of 37.66, a PEG ratio of 1.90 and a beta of 0.92. The firm's 50-day moving average is $286.86 and its 200 day moving average is $269.17.

Wabtec (NYSE:WAB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the firm earned $2.27 earnings per share. The firm's quarterly revenue was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Research analysts predict that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

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

About Wabtec

Westinghouse Air Brake Technologies Corporation, known as Wabtec, is a global provider of equipment, systems, and services for the freight and transit rail industries. The company develops technologies designed to improve the safety, efficiency, reliability, and environmental performance of rail transportation.

Wabtec's products and services include locomotives and locomotive components, braking systems, rail-control and signaling technologies, digital train-management solutions, and equipment for freight cars and passenger rail vehicles.

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