Kepler Cheuvreux Suisse SA Purchases Shares of 2,730 Wabtec $WAB

Kepler Cheuvreux Suisse SA purchased a new position in shares of Wabtec (NYSE:WAB) during the 1st quarter, Holdings Channel.com reports. The fund purchased 2,730 shares of the transportation company’s stock, valued at approximately $682,000.

Other institutional investors have also modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Wabtec by 125.9% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after buying an additional 73 shares during the period. Manchester Capital Management LLC boosted its stake in shares of Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 72 shares during the last quarter. McMillan Office Inc. acquired a new stake in Wabtec during the fourth quarter worth about $31,000. Reflection Asset Management acquired a new stake in Wabtec during the fourth quarter worth about $35,000. Finally, BOKF NA raised its position in Wabtec by 66.7% during the fourth quarter. BOKF NA now owns 175 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wabtec Stock Performance

NYSE WAB opened at $262.38 on Monday. The stock has a market capitalization of $44.52 billion, a price-to-earnings ratio of 37.11, a PEG ratio of 1.88 and a beta of 0.94. The stock has a 50-day moving average of $265.43 and a 200 day moving average of $250.00. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42. Wabtec has a twelve month low of $184.26 and a twelve month high of $284.91.

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

Wabtec Dividend Announcement

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

Insider Buying and Selling at Wabtec

In related news, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $261.06, for a total value of $303,612.78. Following the completion of the sale, the chief executive officer owned 124,077 shares of the company’s stock, valued at approximately $32,391,541.62. The trade was a 0.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $263.50, for a total transaction of $285,107.00. Following the transaction, the insider owned 11,985 shares of the company’s stock, valued at $3,158,047.50. This represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 65,423 shares of company stock valued at $17,562,278. 0.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Citigroup boosted their price target on Wabtec from $283.00 to $292.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Jefferies Financial Group reaffirmed a “buy” rating and set a $290.00 target price (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. Susquehanna reiterated a “positive” rating and issued a $305.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. Wells Fargo & Company increased their price target on shares of Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Finally, Rothschild & Co Redburn upgraded shares of Wabtec from a “neutral” rating to a “buy” rating and raised their price target for the company from $262.00 to $285.00 in a research report on Thursday, March 26th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $289.82.

Wabtec Company 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.