Bessemer Group Inc. Has $179.28 Million Stake in Wabtec $WAB

Bessemer Group Inc. lowered its position in shares of Wabtec (NYSE:WAB) by 34.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 717,387 shares of the transportation company’s stock after selling 380,459 shares during the period. Bessemer Group Inc.’s holdings in Wabtec were worth $179,281,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WAB. Whipplewood Advisors LLC bought a new position in Wabtec in the first quarter valued at about $25,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Wabtec by 125.9% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Manchester Capital Management LLC grew its holdings in shares of Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 72 shares during the last quarter. McMillan Office Inc. acquired a new position in shares of Wabtec in the fourth quarter valued at approximately $31,000. Finally, Reflection Asset Management acquired a new position in shares of Wabtec in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WAB shares. Susquehanna reiterated a “positive” rating and set a $305.00 target price on shares of Wabtec in a research report on Thursday, April 23rd. Wells Fargo & Company upped their price target on shares of Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Morgan Stanley reaffirmed an “overweight” rating and set a $318.00 price target on shares of Wabtec in a research note on Monday, April 27th. Rothschild & Co Redburn raised shares of Wabtec from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $262.00 to $285.00 in a research note on Thursday, March 26th. Finally, JPMorgan Chase & Co. increased their price objective on Wabtec from $290.00 to $300.00 and gave the company a “neutral” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Wabtec presently has an average rating of “Moderate Buy” and an average target price of $293.36.

Insider Activity

In other news, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $261.06, for a total value of $303,612.78. Following the transaction, the chief executive officer directly owned 124,077 shares of the company’s stock, valued at $32,391,541.62. The trade was a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 dated Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the sale, the insider owned 11,985 shares in the company, valued at approximately $3,158,047.50. The trade was a 8.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 5,734 shares of company stock valued at $1,504,571. Corporate insiders own 0.57% of the company’s stock.

Wabtec Trading Up 1.5%

NYSE:WAB opened at $263.58 on Friday. Wabtec has a 52 week low of $184.26 and a 52 week high of $284.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02. The firm’s fifty day moving average is $264.37 and its 200-day moving average is $252.77. The firm has a market cap of $44.72 billion, a P/E ratio of 37.28, a P/E/G ratio of 1.85 and a beta of 0.94.

Wabtec (NYSE:WAB) last announced its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.09. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. Wabtec’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Equities analysts expect that Wabtec will post 10.64 earnings per share for the current year.

Wabtec Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders 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 annualized dividend and a dividend yield of 0.5%. Wabtec’s dividend payout ratio (DPR) is 17.54%.

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.