Strs Ohio Sells 60,393 Shares of Wabtec $WAB

Key Points

• Strs Ohio sold 60,393 shares, reducing its Wabtec stake by 31.6% to 130,662 shares (about 0.08%) valued at roughly $27.89 million at quarter-end.
• Wabtec beat EPS ($2.71 vs. $2.62) but missed revenue ($2.95B vs. $3.08B), 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 in the last 90 days) while institutional ownership stands at 91.69%; analysts' consensus is a "Moderate Buy" with an average target of $289.82.

Strs Ohio lessened its holdings in shares of Wabtec (NYSE:WAB - Free Report) by 31.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,662 shares of the transportation company's stock after selling 60,393 shares during the quarter. Strs Ohio owned about 0.08% of Wabtec worth $27,890,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. PFA Pension Forsikringsaktieselskab bought a new stake in Wabtec in the 4th quarter worth approximately $83,507,000. Fifth Third Bancorp lifted its position in Wabtec by 2.4% in the 4th quarter. Fifth Third Bancorp now owns 6,990 shares of the transportation company's stock worth $1,492,000 after buying an additional 165 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in Wabtec by 6.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 16,954 shares of the transportation company's stock worth $3,619,000 after buying an additional 1,025 shares during the last quarter. Citizens Financial Group Inc. RI bought a new stake in Wabtec in the 4th quarter worth approximately $235,000. Finally, Keybank National Association OH lifted its position in Wabtec by 2.9% in the 4th quarter. Keybank National Association OH now owns 4,553 shares of the transportation company's stock worth $972,000 after buying an additional 129 shares during the last quarter. Institutional investors own 91.69% of the company's stock.

Wabtec Price Performance

Shares of Wabtec stock opened at $265.27 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54. The business's 50 day simple moving average is $255.17 and its two-hundred day simple moving average is $230.96. The stock has a market capitalization of $45.01 billion, a P/E ratio of 37.52, a price-to-earnings-growth ratio of 1.90 and a beta of 0.97. Wabtec has a one year low of $184.26 and a one year high of $275.84.

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

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

Wabtec Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were paid a $0.31 dividend. This is an increase from Wabtec's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. Wabtec's payout ratio is presently 17.54%.

Insiders Place Their Bets

In other Wabtec news, CFO John A. Olin sold 11,000 shares of Wabtec stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $263.30, for a total value of $2,896,300.00. Following the transaction, the chief financial officer directly owned 60,487 shares of the company's stock, valued at $15,926,227.10. The trade was a 15.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rogerio Mendonca sold 3,500 shares of Wabtec stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $264.21, for a total value of $924,735.00. Following the completion of the transaction, the insider directly owned 10,101 shares in the company, valued at $2,668,785.21. This trade represents a 25.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 92,364 shares of company stock worth $24,522,522. 0.57% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wolfe Research restated an "outperform" rating and issued a $303.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. Susquehanna restated a "positive" rating and issued a $305.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. Jefferies Financial Group restated a "buy" rating and issued a $290.00 target price (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. 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 research report on Friday, April 10th. Finally, Citigroup boosted their target price on Wabtec from $283.00 to $292.00 and gave the stock a "buy" rating in a research report on Thursday, April 9th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $289.82.

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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