Robeco Institutional Asset Management B.V. Sells 188,373 Shares of Wabtec $WAB

Key Points

• Robeco Institutional Asset Management B.V. cut its Wabtec stake by 23.4%, selling 188,373 shares and leaving it with 617,522 shares worth about $131.8 million (roughly 0.36% of the company); institutional investors now own about 91.7% of Wabtec.
• Wabtec beat quarterly expectations (EPS $2.10 vs. $2.08; revenue $2.97B vs. $2.86B), set FY2026 guidance of $10.05–$10.45 EPS, and its board authorized a $1.2 billion share repurchase program (up to ~2.9% of shares).
• The company raised its quarterly dividend to $0.31 (annualized $1.24, ~0.5% yield) even as insiders sold 31,512 shares in the past three months, and analysts maintain a “Moderate Buy” consensus with a $275.75 target price.

Robeco Institutional Asset Management B.V. decreased its position in shares of Wabtec (NYSE:WAB - Free Report) by 23.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 617,522 shares of the transportation company's stock after selling 188,373 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.36% of Wabtec worth $131,810,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of WAB. Nordea Investment Management AB increased its holdings in shares of Wabtec by 55.5% during the fourth quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company's stock valued at $659,939,000 after acquiring an additional 1,095,083 shares in the last quarter. Farallon Capital Management LLC increased its holdings in shares of Wabtec by 68.6% during the third quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company's stock valued at $442,056,000 after acquiring an additional 896,900 shares in the last quarter. UBS Group AG increased its holdings in shares of Wabtec by 194.2% during the third quarter. UBS Group AG now owns 1,033,304 shares of the transportation company's stock valued at $207,146,000 after acquiring an additional 682,048 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Wabtec by 76.3% during the third quarter. AQR Capital Management LLC now owns 1,229,270 shares of the transportation company's stock valued at $245,534,000 after acquiring an additional 532,121 shares in the last quarter. Finally, Junto Capital Management LP bought a new stake in shares of Wabtec during the third quarter valued at approximately $80,160,000. Institutional investors own 91.69% of the company's stock.

Wabtec Stock Up 0.2%

WAB stock opened at $267.69 on Monday. The stock's fifty day simple moving average is $251.02 and its two-hundred day simple moving average is $224.61. The company has a current ratio of 1.11, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. Wabtec has a 1-year low of $165.00 and a 1-year high of $275.84. The stock has a market cap of $45.55 billion, a P/E ratio of 39.19, a P/E/G ratio of 2.02 and a beta of 0.99.

Wabtec (NYSE:WAB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.02. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The firm had revenue of $2.97 billion for the quarter, compared to analysts' expectations of $2.86 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The business's revenue for the quarter was up 14.8% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Analysts expect that Wabtec will post 8.54 EPS for the current year.

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

Wabtec Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Wabtec's previous quarterly dividend of $0.25. Wabtec's payout ratio is currently 18.16%.

Insider Activity

In related news, CFO John A. Olin sold 11,000 shares of the business's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $263.30, for a total transaction of $2,896,300.00. Following the sale, the chief financial officer directly owned 60,487 shares in the company, valued at approximately $15,926,227.10. The trade was a 15.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rafael Santana sold 1,798 shares of the business's stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $245.71, for a total value of $441,786.58. Following the sale, the chief executive officer owned 118,749 shares in the company, valued at approximately $29,177,816.79. The trade was a 1.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 31,512 shares of company stock worth $8,160,028. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Citigroup upped their price target on Wabtec from $283.00 to $292.00 and gave the stock a "buy" rating in a report on Thursday. Wall Street Zen downgraded Wabtec from a "buy" rating to a "hold" rating in a report on Saturday, March 14th. Morgan Stanley reiterated an "overweight" rating and set a $315.00 price target on shares of Wabtec in a report on Tuesday, February 17th. Weiss Ratings reiterated a "buy (b)" rating on shares of Wabtec in a report on Wednesday, January 21st. Finally, Wolfe Research upgraded Wabtec from a "peer perform" rating to an "outperform" rating and set a $245.00 price target for the company in a report on Thursday, January 8th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $275.75.

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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