Nwam LLC Buys Shares of 8,509 Wabtec $WAB

Nwam LLC bought a new position in shares of Wabtec (NYSE:WAB) in the first quarter, HoldingsChannel reports. The firm bought 8,509 shares of the transportation company’s stock, valued at approximately $2,127,000.

Several other institutional investors and hedge funds also recently modified their holdings of WAB. Guggenheim Capital LLC increased its stake in shares of Wabtec by 7.4% during the 2nd quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company’s stock worth $1,034,000 after purchasing an additional 342 shares in the last quarter. Bank of Nova Scotia lifted its stake in Wabtec by 0.5% in the 2nd quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company’s stock valued at $3,745,000 after buying an additional 97 shares in the last quarter. Nebula Research & Development LLC lifted its stake in Wabtec by 208.7% in the 2nd quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock valued at $1,128,000 after buying an additional 3,641 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in Wabtec by 11.6% during the 2nd quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company’s stock valued at $19,281,000 after buying an additional 9,545 shares during the last quarter. Finally, Ieq Capital LLC grew its holdings in Wabtec by 19.2% during the 2nd quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company’s stock valued at $6,354,000 after buying an additional 4,889 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Activity

In other Wabtec news, CEO Rafael Santana sold 1,163 shares of the firm’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 sale, the chief executive officer directly owned 124,077 shares of the company’s stock, valued at approximately $32,391,541.62. This trade represents a 0.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Wabtec 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 completion of the sale, the insider owned 11,985 shares of the company’s stock, valued at $3,158,047.50. This trade represents a 8.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 5,734 shares of company stock worth $1,504,571 over the last quarter. 0.57% of the stock is currently owned by company insiders.

Wabtec Stock Down 0.7%

WAB stock opened at $260.11 on Thursday. The company has a 50 day moving average price of $264.41 and a two-hundred day moving average price of $252.45. 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 stock has a market capitalization of $44.13 billion, a P/E ratio of 36.79, a PEG ratio of 1.87 and a beta of 0.94. Wabtec has a one year low of $184.26 and a one year high of $284.91.

Wabtec (NYSE:WAB) last issued its quarterly 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. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the company posted $2.28 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, sell-side analysts expect that Wabtec will post 10.64 EPS for the current year.

Wabtec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be given 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 0.5%. Wabtec’s dividend payout ratio is 17.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on WAB shares. Citigroup cut their price target on Wabtec from $313.00 to $311.00 and set a “buy” rating for the company in a report on Monday. Wells Fargo & Company increased their price objective on Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. lifted their price objective on Wabtec from $290.00 to $300.00 and gave the stock a “neutral” rating in a research report on Monday. Susquehanna reissued a “positive” rating and issued a $305.00 target price on shares of Wabtec in a research note on Thursday, April 23rd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $318.00 target price on shares of Wabtec in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Wabtec has a consensus rating of “Moderate Buy” and a consensus target price of $293.36.

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.