Sei Investments Co. Grows Stock Holdings in Wabtec $WAB

Sei Investments Co. lifted its stake in Wabtec (NYSE:WAB) by 12.5% during the first quarter, HoldingsChannel.com reports. The firm owned 100,127 shares of the transportation company’s stock after purchasing an additional 11,131 shares during the quarter. Sei Investments Co.’s holdings in Wabtec were worth $25,024,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in WAB. Price T Rowe Associates Inc. MD increased its position in Wabtec by 20.3% during 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. State Street Corp boosted its holdings in Wabtec by 2.6% in the fourth quarter. State Street Corp now owns 7,658,040 shares of the transportation company’s stock worth $1,634,609,000 after acquiring an additional 197,610 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Wabtec by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company’s stock worth $928,249,000 after acquiring an additional 38,029 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Wabtec by 3.6% in the third quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock worth $662,390,000 after acquiring an additional 116,329 shares during the last quarter. Finally, Farallon Capital Management LLC grew its stake in shares of Wabtec by 12.3% in the fourth quarter. Farallon Capital Management LLC now owns 2,476,003 shares of the transportation company’s stock worth $528,503,000 after acquiring an additional 270,905 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Stephens lifted their price target on Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Wells Fargo & Company increased their price objective on shares of Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. KeyCorp raised their price objective on shares of Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Citigroup decreased their target price on shares of Wabtec from $313.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 13th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $290.00 target price (down from $300.00) on shares of Wabtec in a research note on Tuesday, March 31st. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $310.64.

Wabtec Stock Up 1.5%

WAB stock opened at $305.54 on Wednesday. Wabtec has a 1-year low of $184.26 and a 1-year high of $306.10. The business has a fifty day moving average price of $267.62 and a 200-day moving average price of $256.62. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59. The stock has a market capitalization of $51.61 billion, a P/E ratio of 41.07, a P/E/G ratio of 2.04 and a beta of 0.94.

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

Wabtec Announces Dividend

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

Insider Activity at Wabtec

In other news, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction that occurred 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 $32,212,071.98. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 Wabtec 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 of the company’s stock, valued at $16,610,617.68. This represents a 5.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 16,834 shares of company stock worth $4,833,958. 0.57% of the stock is owned by 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.