Wabtec $WAB Holdings Increased by Russell Investments Group Ltd.

Key Points

• Russell Investments raised its stake in Wabtec by 4.6% to 328,726 shares (about $65.86M), and institutional investors now own 91.69% of the company.
• Company performance and capital returns: Wabtec beat quarterly EPS and revenue, set FY2026 guidance of $10.05–$10.45 EPS, approved a $1.20 billion share repurchase (up to 2.9% of shares) and raised its quarterly dividend to $0.31.
• Insider selling: Company insiders sold 33,192 shares in the last quarter worth $8.38M, reducing insider ownership to 1.10%.

Russell Investments Group Ltd. lifted its stake in Wabtec (NYSE:WAB - Free Report) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 328,726 shares of the transportation company's stock after acquiring an additional 14,574 shares during the period. Russell Investments Group Ltd. owned 0.19% of Wabtec worth $65,860,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Colonial Trust Advisors raised its holdings in Wabtec by 454.5% during the second quarter. Colonial Trust Advisors now owns 122 shares of the transportation company's stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Piscataqua Savings Bank lifted its position in Wabtec by 12,800.0% in 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 during the period. Motco boosted its stake in Wabtec by 6,600.0% during the 3rd quarter. Motco now owns 134 shares of the transportation company's stock valued at $27,000 after purchasing an additional 132 shares in the last quarter. Salomon & Ludwin LLC increased its position in shares of Wabtec by 370.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 160 shares of the transportation company's stock valued at $32,000 after purchasing an additional 126 shares during the period. Finally, North Capital Inc. increased its position in shares of Wabtec by 18,900.0% during the 3rd quarter. North Capital Inc. now owns 190 shares of the transportation company's stock valued at $38,000 after purchasing an additional 189 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Insider Activity

In other Wabtec news, EVP Gregory Sbrocco sold 952 shares of the firm's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $258.43, for a total value of $246,025.36. Following the completion of the transaction, the executive vice president directly owned 21,159 shares in the company, valued at $5,468,120.37. This trade represents a 4.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 transaction of $924,735.00. Following the completion of the transaction, the insider directly owned 10,101 shares in the company, valued at approximately $2,668,785.21. This trade represents a 25.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 33,192 shares of company stock worth $8,379,272. 1.10% of the stock is owned by company insiders.

Wabtec Price Performance

Shares of NYSE:WAB opened at $246.53 on Wednesday. The company has a market capitalization of $42.04 billion, a PE ratio of 36.09, a price-to-earnings-growth ratio of 1.86 and a beta of 0.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 1.11. The stock has a fifty day moving average of $240.77 and a 200-day moving average of $215.52. Wabtec has a one year low of $151.81 and a one year high of $266.27.

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

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

Wabtec Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were paid a $0.31 dividend. 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%. This is an increase from Wabtec's previous quarterly dividend of $0.25. Wabtec's dividend payout ratio (DPR) is 18.16%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WAB shares. Wall Street Zen raised Wabtec from a "hold" rating to a "buy" rating in a research note on Monday, March 2nd. Citigroup lifted their target price on Wabtec from $258.00 to $283.00 and gave the stock a "buy" rating in a report on Thursday, February 12th. Morgan Stanley reiterated an "overweight" rating and issued a $315.00 price target on shares of Wabtec in a research report on Tuesday, February 17th. Bank of America upped their price target on shares of Wabtec from $228.00 to $233.00 and gave the company a "buy" rating in a report on Thursday, November 13th. Finally, Wells Fargo & Company raised their price objective on shares of Wabtec from $224.00 to $270.00 and gave the company an "equal weight" rating in a research report on Friday, February 13th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Wabtec presently has a consensus rating of "Moderate Buy" and an average price target of $269.00.

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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