Wabtec $WAB Shares Sold by Asset Management One Co. Ltd.

Key Points

• Asset Management One reduced its Wabtec stake by 4.4% in the second quarter, selling 5,222 shares and retaining 112,374 shares valued at approximately $30.3 million. Institutional investors collectively own 91.69% of the company.
• Wabtec insiders sold 16,834 shares worth about $4.9 million over the past 90 days, including sales by CEO Rafael Santana and VP David Deninno.
• Wabtec reported quarterly EPS of $2.76 and revenue of $3.18 billion, exceeding analyst estimates, while revenue increased 17.5% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $313.36, compared with a recent share price near $297.93.

Asset Management One Co. Ltd. lessened its position in shares of Wabtec (NYSE:WAB - Free Report) by 4.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 112,374 shares of the transportation company's stock after selling 5,222 shares during the quarter. Asset Management One Co. Ltd. owned about 0.07% of Wabtec worth $30,296,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of WAB. Norges Bank acquired a new stake in Wabtec in the fourth quarter valued at about $409,039,000. Price T Rowe Associates Inc. MD lifted its stake in Wabtec by 20.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company's stock valued at $1,700,238,000 after buying an additional 1,344,744 shares in the last quarter. Bank of Montreal Can raised its stake in Wabtec by 360.0% in the 4th quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company's stock valued at $188,945,000 after purchasing an additional 692,773 shares during the last quarter. UBS Group AG raised its position in shares of Wabtec by 194.2% in the third quarter. UBS Group AG now owns 1,033,304 shares of the transportation company's stock valued at $207,146,000 after buying an additional 682,048 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Wabtec by 288.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 851,733 shares of the transportation company's stock worth $212,857,000 after purchasing an additional 632,218 shares during the period. Hedge funds and other institutional investors own 91.69% of the company's stock.

Insider Transactions at Wabtec

In other news, CEO Rafael Santana sold 1,163 shares of Wabtec 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 transaction, the chief executive officer owned 120,588 shares of the company's stock, valued at $36,060,635.52. The trade was a 0.96% decrease in their position. The sale was disclosed in a document filed 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 business's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $301.31, for a total transaction of $903,930.00. Following the completion of the sale, the vice president owned 55,128 shares in the company, valued at $16,610,617.68. The trade was a 5.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,834 shares of company stock worth $4,874,977 over the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WAB. Wall Street Zen cut shares of Wabtec from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Wells Fargo & Company increased their target price on Wabtec from $284.00 to $315.00 and gave the company an "equal weight" rating in a research note on Thursday, July 23rd. Wolfe Research reissued an "outperform" rating and issued a $303.00 price objective on shares of Wabtec in a research report on Thursday, April 23rd. Susquehanna raised their price target on shares of Wabtec from $305.00 to $340.00 and gave the stock a "positive" rating in a research report on Thursday, July 23rd. Finally, KeyCorp boosted their price objective on Wabtec from $308.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Wabtec currently has a consensus rating of "Moderate Buy" and an average target price of $313.36.

Wabtec Trading Up 0.8%

Shares of NYSE:WAB opened at $297.93 on Friday. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $306.64. The company has a market cap of $50.32 billion, a PE ratio of 40.04, a P/E/G ratio of 2.00 and a beta of 0.93. The company's 50-day moving average price is $276.02 and its 200 day moving average price is $262.26. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WAB - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.60 by $0.16. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The firm's revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Sell-side analysts anticipate that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 annualized dividend and a yield of 0.4%. Wabtec's payout ratio is presently 16.67%.

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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