Wabtec $WAB Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its position in Wabtec (NYSE:WAB) by 12.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,985 shares of the transportation company’s stock after buying an additional 3,273 shares during the quarter. Wealthfront Advisers LLC’s holdings in Wabtec were worth $7,494,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in Wabtec during the first quarter worth about $25,000. Clal Insurance Enterprises Holdings Ltd lifted its stake 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 purchasing an additional 73 shares in the last quarter. Manchester Capital Management LLC lifted its stake in shares of Wabtec by 122.0% in the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 72 shares in the last quarter. McMillan Office Inc. purchased a new stake in shares of Wabtec during the 4th quarter worth about $31,000. Finally, Reflection Asset Management purchased a new stake in shares of Wabtec during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on WAB. Wolfe Research restated an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a report on Thursday, April 23rd. Susquehanna reiterated a “positive” rating and set a $305.00 price objective on shares of Wabtec in a research note on Thursday, April 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Monday, April 20th. Wells Fargo & Company raised their target price on shares of Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Wabtec from $290.00 to $300.00 and gave the company a “neutral” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $293.36.

Wabtec Stock Performance

Wabtec stock opened at $261.85 on Friday. The firm has a market capitalization of $44.43 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 1.88 and a beta of 0.94. Wabtec has a one year low of $184.26 and a one year high of $284.91. The stock’s 50 day moving average price is $264.30 and its 200 day moving average price is $252.83. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.09. The company 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 revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the company earned $2.28 earnings per share. 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 fiscal year.

Wabtec Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec’s dividend payout ratio (DPR) is presently 17.54%.

Insider Buying and Selling at Wabtec

In other Wabtec news, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $262.07, for a total value of $304,787.41. Following the transaction, the chief executive officer owned 122,914 shares in the company, valued at $32,212,071.98. The trade was a 0.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the firm’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 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. Insiders have sold a total of 5,734 shares of company stock worth $1,504,571 in the last ninety days. 0.57% of the stock is currently owned by insiders.

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.