ProShare Advisors LLC Has $6.74 Million Stake in Wabtec $WAB

ProShare Advisors LLC boosted its stake in shares of Wabtec (NYSE:WAB) by 8.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,567 shares of the transportation company’s stock after buying an additional 2,474 shares during the quarter. ProShare Advisors LLC’s holdings in Wabtec were worth $6,738,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Varma Mutual Pension Insurance Co lifted its holdings in Wabtec by 9.1% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 47,924 shares of the transportation company’s stock worth $9,607,000 after buying an additional 4,000 shares during the period. SG Americas Securities LLC lifted its holdings in Wabtec by 809.6% during the 4th quarter. SG Americas Securities LLC now owns 152,297 shares of the transportation company’s stock worth $32,508,000 after buying an additional 135,553 shares during the period. Alberta Investment Management Corp acquired a new position in Wabtec during the 3rd quarter worth about $842,000. 111 Capital acquired a new position in Wabtec during the 3rd quarter worth about $949,000. Finally, Nordea Investment Management AB lifted its holdings in Wabtec by 55.5% during the 4th quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company’s stock worth $659,939,000 after buying an additional 1,095,083 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Wabtec Stock Performance

Shares of Wabtec stock opened at $257.00 on Friday. Wabtec has a one year low of $184.26 and a one year high of $275.84. The firm has a market capitalization of $43.61 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.83 and a beta of 0.97. The business has a 50-day simple moving average of $256.87 and a 200 day simple moving average of $237.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the company posted $2.28 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, research analysts anticipate that Wabtec will post 10.61 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, May 22nd. Wabtec’s payout ratio is presently 17.54%.

Wabtec announced that its Board of Directors has approved a share repurchase program on Wednesday, February 11th that authorizes the company to buyback $1.20 billion in shares. This buyback authorization authorizes the transportation company to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

WAB has been the topic of several recent research reports. KeyCorp lifted their target price on Wabtec from $240.00 to $308.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Stephens boosted their price objective on Wabtec from $230.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Morgan Stanley reissued an “overweight” rating and issued a $318.00 price objective on shares of Wabtec in a research note on Monday, April 27th. Jefferies Financial Group reissued a “buy” rating and issued a $290.00 price objective (down from $300.00) on shares of Wabtec in a research note on Tuesday, March 31st. Finally, Susquehanna reissued a “positive” rating and issued a $305.00 price objective on shares of Wabtec in a research note on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $289.82.

Insiders Place Their Bets

In related news, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $263.77, for a total value of $306,764.51. Following the completion of the sale, the chief executive officer directly owned 127,566 shares of the company’s stock, valued at $33,648,083.82. The trade was a 0.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nalin Jain sold 7,936 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $264.09, for a total value of $2,095,818.24. Following the completion of the sale, the insider directly owned 6,364 shares of the company’s stock, valued at $1,680,668.76. The trade was a 55.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 87,277 shares of company stock worth $23,216,740 over the last three months. 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.