Swedbank AB Has $10.42 Million Stake in Wabtec $WAB

Swedbank AB trimmed its position in shares of Wabtec (NYSE:WAB) by 10.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,712 shares of the transportation company’s stock after selling 4,893 shares during the period. Swedbank AB’s holdings in Wabtec were worth $10,424,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Hilltop Holdings Inc. increased its stake in shares of Wabtec by 3.9% in the fourth quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock worth $228,000 after purchasing an additional 40 shares during the period. Apollon Wealth Management LLC boosted its stake in Wabtec by 1.6% during the 1st quarter. Apollon Wealth Management LLC now owns 3,081 shares of the transportation company’s stock valued at $770,000 after purchasing an additional 48 shares during the period. IHT Wealth Management LLC grew its holdings in Wabtec by 1.0% in the 4th quarter. IHT Wealth Management LLC now owns 4,856 shares of the transportation company’s stock valued at $1,037,000 after buying an additional 50 shares during the last quarter. Carnegie Investment Counsel grew its holdings in Wabtec by 2.5% in the 4th quarter. Carnegie Investment Counsel now owns 2,051 shares of the transportation company’s stock valued at $438,000 after buying an additional 51 shares during the last quarter. Finally, DGS Capital Management LLC increased its position in Wabtec by 5.2% in the 1st quarter. DGS Capital Management LLC now owns 1,051 shares of the transportation company’s stock worth $263,000 after buying an additional 52 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WAB has been the subject of several research reports. Rothschild & Co Redburn raised Wabtec from a “neutral” rating to a “buy” rating and increased their price objective for the company from $262.00 to $285.00 in a research report on Thursday, March 26th. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Wolfe Research reiterated an “outperform” rating and set a $303.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. Jefferies Financial Group restated a “buy” rating and issued a $290.00 price target (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Wabtec from $290.00 to $280.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $289.82.

Wabtec Stock Performance

Shares of WAB traded up $1.73 on Friday, reaching $261.50. 553,958 shares of the stock traded hands, compared to its average volume of 776,780. The firm has a market cap of $44.37 billion, a price-to-earnings ratio of 36.99, a P/E/G ratio of 1.86 and a beta of 0.94. 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 has a 12 month low of $184.26 and a 12 month high of $284.91. The stock’s 50-day moving average price is $264.85 and its 200-day moving average price is $251.37.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.62 by $0.09. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same period last year, the business earned $2.28 earnings per share. Wabtec’s quarterly 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. Equities analysts forecast that Wabtec will post 10.61 EPS for the current fiscal year.

Wabtec Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 22nd were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, May 22nd. Wabtec’s dividend payout ratio (DPR) is presently 17.54%.

Insider Activity

In other Wabtec news, insider Sameer Gaur sold 1,082 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $263.50, for a total transaction of $285,107.00. Following the completion of the transaction, the insider owned 11,985 shares in the company, valued at $3,158,047.50. This trade represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $262.07, for a total value of $304,787.41. Following the completion of the sale, the chief executive officer directly owned 122,914 shares in the company, valued at approximately $32,212,071.98. This represents a 0.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 66,586 shares of company stock worth $17,867,065. 0.57% of the stock is owned by company insiders.

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.