Handelsbanken Fonder AB has significantly increased its stake in Wabtec (NYSE:WAB) by 50.9% in Q3, buying 35,327 additional shares for a total holding of 104,799 shares valued at $21.0 million. This move coincides with positive corporate developments for Wabtec, including a settlement in an antitrust lawsuit, strong Q4 earnings, and a new share buyback program alongside a raised dividend. Despite some recent insider selling, institutional ownership remains high at 91.69%, reflecting general confidence in the company.
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Wabtec $WAB Shares Bought by Handelsbanken Fonder AB
Handelsbanken Fonder AB has significantly increased its stake in Wabtec (NYSE:WAB) by 50.9% in Q3, buying 35,327 additional shares for a total holding of 104,799 shares valued at $21.0 million. This move coincides with positive corporate developments for Wabtec, including a settlement in an antitrust lawsuit, strong Q4 earnings, and a new share buyback program alongside a raised dividend. Despite some recent insider selling, institutional ownership remains high at 91.69%, reflecting general confidence in the company.