Wabtec $WAB Shares Sold by Osmosis Investment Management UK Ltd

Key Points

• Osmosis Investment Management UK Ltd cut its Wabtec stake by 51.7% in the second quarter, selling 5,057 shares and retaining 4,729 shares valued at approximately $1.275 million. Institutional investors collectively own 91.69% of Wabtec.
• Analysts remain broadly positive, with 10 Buy ratings and two Hold ratings and an average price target of $313.36. Recent target increases included Morgan Stanley’s move to $355 and KeyCorp’s move to $340.
• Wabtec exceeded quarterly expectations, reporting $2.76 in adjusted earnings per share versus a $2.60 estimate and $3.18 billion in revenue, up 17.5% year over year. The company also declared a $0.31 quarterly dividend, equal to a 0.4% annualized yield.

Osmosis Investment Management UK Ltd lowered its stake in Wabtec (NYSE:WAB - Free Report) by 51.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,729 shares of the transportation company's stock after selling 5,057 shares during the quarter. Osmosis Investment Management UK Ltd's holdings in Wabtec were worth $1,275,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Meeder Asset Management Inc. purchased a new position in Wabtec in the 2nd quarter worth approximately $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Wabtec during the first quarter valued at approximately $25,000. Bell Investment Advisors Inc acquired a new position in shares of Wabtec during the second quarter worth $29,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Wabtec by 125.9% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company's stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its stake in shares of Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company's stock valued at $28,000 after purchasing an additional 72 shares during the period. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. KeyCorp raised their price target on shares of Wabtec from $308.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Stephens upped their price objective on shares of Wabtec from $320.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. raised their target price on Wabtec from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Morgan Stanley lifted their target price on Wabtec from $318.00 to $355.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company boosted their price target on Wabtec from $284.00 to $315.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 23rd. Ten equities research 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.com, the company presently has an average rating of "Moderate Buy" and an average target price of $313.36.

Wabtec Stock Performance

Shares of WAB opened at $297.70 on Tuesday. The stock has a market capitalization of $50.29 billion, a PE ratio of 40.01, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. The business's fifty day moving average price is $280.78 and its 200 day moving average price is $265.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64.

Wabtec (NYSE:WAB - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The firm's revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Equities research analysts forecast that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors 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 of this dividend is Tuesday, August 18th. Wabtec's dividend payout ratio is currently 16.67%.

Insider Activity

In related news, CTO Eric Gebhardt sold 7,100 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the sale, the chief technology officer owned 19,153 shares in the company, valued at $5,731,918.31. This represents a 27.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Fetsko sold 3,250 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $293.22, for a total transaction of $952,965.00. Following the completion of the transaction, the insider directly owned 37,380 shares in the company, valued at $10,960,563.60. This represents a 8.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,036 shares of company stock valued at $6,113,542 over the last quarter. Corporate insiders own 0.57% of the company's stock.

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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