PFA Pension Forsikringsaktieselskab Makes New Investment in Wabtec $WAB

Key Points

• PFA Pension Forsikringsaktieselskab opened a new position in Wabtec of 385,375 shares valued at about $83.5 million, equal to roughly 0.23% of the company.
• Wabtec beat EPS estimates ($2.71 vs. $2.62), set FY2026 guidance of 10.25–10.65 EPS, authorized a $1.2 billion share buyback (up to 2.9% of shares) and raised its quarterly dividend to $0.31.
• Insiders have been net sellers (92,364 shares sold, ~$24.5M in the last 90 days) while institutional investors own 91.69% of the stock and analysts maintain a consensus "Moderate Buy" with an average target around $289.82.

PFA Pension Forsikringsaktieselskab purchased a new position in Wabtec (NYSE:WAB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 385,375 shares of the transportation company's stock, valued at approximately $83,507,000. PFA Pension Forsikringsaktieselskab owned approximately 0.23% of Wabtec as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WAB. Piscataqua Savings Bank grew its stake in shares of Wabtec by 12,800.0% during the third quarter. Piscataqua Savings Bank now owns 129 shares of the transportation company's stock worth $26,000 after purchasing an additional 128 shares in the last quarter. Motco grew its stake in shares of Wabtec by 6,600.0% during the third quarter. Motco now owns 134 shares of the transportation company's stock worth $27,000 after purchasing an additional 132 shares in the last quarter. Salomon & Ludwin LLC grew its stake in shares of Wabtec by 370.6% during the third quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company's stock worth $32,000 after purchasing an additional 126 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Wabtec during the fourth quarter worth $42,000. Finally, Root Financial Partners LLC acquired a new position in shares of Wabtec during the third quarter worth $44,000. Institutional investors and hedge funds own 91.69% of the company's stock.

Wabtec Price Performance

Shares of NYSE:WAB opened at $265.27 on Friday. The company has a 50-day simple moving average of $255.17 and a 200-day simple moving average of $230.70. Wabtec has a one year low of $184.26 and a one year 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. The stock has a market capitalization of $45.01 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 1.93 and a beta of 0.97.

Wabtec (NYSE:WAB - Get Free Report) last announced its 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 analysts' expectations of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The business's revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, analysts predict that Wabtec will post 10.61 EPS for the current year.

Wabtec declared that its Board of Directors has authorized a share buyback program on Wednesday, February 11th that allows the company to buyback $1.20 billion in shares. This buyback authorization allows the transportation company to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

Wabtec Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were given a dividend of $0.31 per share. The ex-dividend date was Tuesday, February 17th. This is a positive change from Wabtec's previous quarterly dividend of $0.25. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. Wabtec's dividend payout ratio (DPR) is presently 17.54%.

Insider Activity at Wabtec

In other Wabtec news, insider Sameer Gaur sold 1,150 shares of the business's stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $262.62, for a total transaction of $302,013.00. Following the sale, the insider directly owned 12,017 shares in the company, valued at approximately $3,155,904.54. The trade was a 8.73% 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, EVP Gina Trombley sold 4,013 shares of the business's stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $241.87, for a total value of $970,624.31. Following the sale, the executive vice president owned 13,841 shares in the company, valued at approximately $3,347,722.67. The trade was a 22.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 92,364 shares of company stock valued at $24,522,522 in the last 90 days. 0.57% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WAB. KeyCorp boosted their target price on shares of Wabtec from $240.00 to $308.00 and gave the stock an "overweight" rating in a research note on Thursday, February 12th. Stephens boosted their target price on shares of Wabtec from $230.00 to $290.00 and gave the stock an "overweight" rating in a research note on Thursday, February 12th. Weiss Ratings reiterated a "buy (b)" rating on shares of Wabtec in a research note on Monday, April 20th. Susquehanna reiterated a "positive" rating and set a $305.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. Finally, 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 note on Tuesday, March 31st. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $289.82.

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.

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