UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Wabtec $WAB

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Wabtec (NYSE:WAB) by 2.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,424,945 shares of the transportation company’s stock after acquiring an additional 33,942 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Wabtec were worth $384,165,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WAB. BlackRock Inc. acquired a new position in Wabtec in the 2nd quarter valued at about $3,741,077,000. Norges Bank purchased a new stake in Wabtec during the fourth quarter worth about $409,039,000. Price T Rowe Associates Inc. MD lifted its position in shares of Wabtec by 20.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock worth $1,700,238,000 after purchasing an additional 1,344,744 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Wabtec during the second quarter worth about $212,692,000. Finally, Deutsche Bank AG purchased a new position in shares of Wabtec in the second quarter valued at approximately $207,228,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Michael Fetsko sold 3,250 shares of Wabtec stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $293.22, for a total transaction of $952,965.00. Following the completion of the sale, the insider directly owned 37,380 shares of the company’s stock, valued at approximately $10,960,563.60. The trade was a 8.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $299.04, for a total transaction of $347,783.52. Following the sale, the chief executive officer directly owned 120,588 shares of the company’s stock, valued at approximately $36,060,635.52. This trade represents a 0.96% decrease in their ownership of the stock. 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. In the last three months, insiders sold 21,036 shares of company stock worth $6,113,542. 0.57% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WAB. Wells Fargo & Company lifted their price objective on shares of Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Morgan Stanley increased their target price on shares of Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Stephens boosted their price target on shares of Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Citigroup upped their price objective on Wabtec from $311.00 to $341.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $313.36.

Wabtec Stock Performance

Shares of WAB opened at $292.28 on Monday. Wabtec has a 1 year low of $184.26 and a 1 year high of $306.64. The stock has a market capitalization of $49.37 billion, a PE ratio of 39.28, a PEG ratio of 1.98 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. The stock has a 50-day simple moving average of $282.66 and a 200-day simple moving average of $266.96.

Wabtec (NYSE:WAB) last issued 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. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the company earned $2.27 earnings per share. The firm’s revenue was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, analysts predict that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Announces Dividend

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

About Wabtec

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.