Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Stake in Wabtec $WAB

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Wabtec (NYSE:WAB) by 1.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 37,085 shares of the transportation company’s stock after acquiring an additional 600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Wabtec were worth $7,764,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Greenleaf Trust increased its stake in Wabtec by 2.8% in the 1st quarter. Greenleaf Trust now owns 3,437 shares of the transportation company’s stock worth $623,000 after acquiring an additional 93 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Wabtec by 16.0% during the first quarter. New York State Common Retirement Fund now owns 142,163 shares of the transportation company’s stock worth $25,781,000 after purchasing an additional 19,600 shares in the last quarter. Pacer Advisors Inc. raised its stake in Wabtec by 2,220.1% in the first quarter. Pacer Advisors Inc. now owns 738,038 shares of the transportation company’s stock valued at $133,843,000 after purchasing an additional 706,227 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in Wabtec by 30.5% in the first quarter. Harvest Fund Management Co. Ltd now owns 5,097 shares of the transportation company’s stock valued at $957,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Raiffeisen Bank International AG lifted its holdings in shares of Wabtec by 159.0% during the 1st quarter. Raiffeisen Bank International AG now owns 16,561 shares of the transportation company’s stock worth $3,011,000 after acquiring an additional 10,168 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Insider Transactions at Wabtec

In other news, CEO Rafael Santana sold 1,798 shares of the stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $195.04, for a total transaction of $350,681.92. Following the completion of the sale, the chief executive officer directly owned 133,133 shares in the company, valued at approximately $25,966,260.32. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Gregory Sbrocco sold 2,953 shares of the business’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $195.43, for a total value of $577,104.79. Following the transaction, the executive vice president owned 17,829 shares in the company, valued at approximately $3,484,321.47. This represents a 14.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 9,234 shares of company stock valued at $1,781,345. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Susquehanna increased their price target on shares of Wabtec from $235.00 to $240.00 and gave the company a “positive” rating in a research report on Thursday, October 23rd. Citigroup assumed coverage on shares of Wabtec in a report on Monday, September 22nd. They issued a “buy” rating and a $225.00 price objective for the company. Finally, Morgan Stanley increased their target price on shares of Wabtec from $220.00 to $226.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $225.38.

Wabtec Stock Performance

NYSE:WAB opened at $201.26 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 1.42. Wabtec has a fifty-two week low of $151.81 and a fifty-two week high of $216.10. The firm has a market cap of $34.41 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 1.52 and a beta of 1.10. The business has a 50 day moving average price of $194.55 and a 200-day moving average price of $196.68.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, October 22nd. The transportation company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.28 by $0.04. Wabtec had a net margin of 10.94% and a return on equity of 13.84%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the previous year, the firm earned $2.00 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. Equities research analysts predict that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, November 12th. Wabtec’s dividend payout ratio is 14.53%.

Wabtec Company Profile

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.