Wabtec $WAB Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its holdings in shares of Wabtec (NYSE:WAB - Free Report) by 77.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 195,252 shares of the transportation company's stock after selling 656,481 shares during the quarter. Assenagon Asset Management S.A. owned 0.12% of Wabtec worth $52,640,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WAB. Nomura Asset Management Co. Ltd. lifted its stake in Wabtec by 5.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 85,485 shares of the transportation company's stock worth $18,247,000 after purchasing an additional 4,266 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Wabtec by 24,274.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 323,936 shares of the transportation company's stock valued at $69,144,000 after purchasing an additional 322,607 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Wabtec by 16.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 925,021 shares of the transportation company's stock valued at $197,446,000 after purchasing an additional 132,091 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Wabtec during the fourth quarter worth $2,134,000. Finally, Pinnbrook Capital Management LP bought a new position in shares of Wabtec in the 4th quarter worth about $7,743,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Wabtec

In other news, CEO Rafael Santana sold 1,163 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $299.04, for a total value of $347,783.52. Following the completion of the sale, the chief executive officer directly owned 120,588 shares of the company's stock, valued at approximately $36,060,635.52. This represents a 0.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP David L. Deninno sold 3,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president owned 55,128 shares of the company's stock, valued at $16,610,617.68. This trade represents a 5.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,834 shares of company stock valued at $4,874,977 over the last quarter. Corporate insiders own 0.57% of the company's stock.

Wabtec Stock Performance

WAB opened at $292.29 on Friday. The business's 50 day moving average is $273.24 and its 200-day moving average is $260.21. The stock has a market cap of $49.37 billion, a PE ratio of 39.29, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93. 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 twelve month low of $184.26 and a twelve month high of $306.64.

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

Wabtec Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, August 18th. Wabtec's payout ratio is 16.67%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Wabtec from $284.00 to $315.00 and gave the company an "equal weight" rating in a report on Thursday, July 23rd. KeyCorp raised their target price on shares of Wabtec from $308.00 to $340.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Stephens lifted their target price on Wabtec from $320.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Morgan Stanley upped their target price on Wabtec from $318.00 to $355.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Finally, Citigroup dropped their price target on Wabtec from $313.00 to $311.00 and set a "buy" rating on the stock in a research report on Monday, July 13th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $310.64.

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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