3,920 Shares in Wabtec $WAB Purchased by M. Kulyk & Associates LLC

M. Kulyk & Associates LLC acquired a new stake in Wabtec (NYSE:WAB) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,920 shares of the transportation company’s stock, valued at approximately $1,057,000.

Other large investors have also modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Wabtec in the 2nd quarter valued at approximately $26,000. Whipplewood Advisors LLC purchased a new position in Wabtec in the first quarter worth $25,000. Bell Investment Advisors Inc purchased a new position in Wabtec in the second quarter worth $29,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 73 shares during the period. Finally, Manchester Capital Management LLC boosted its position in shares of Wabtec by 122.0% during the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 72 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Wabtec news, insider Sameer Gaur sold 1,000 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $300.64, for a total transaction of $300,640.00. Following the completion of the transaction, the insider owned 10,985 shares of the company’s stock, valued at approximately $3,302,530.40. This trade represents a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Eric Gebhardt sold 7,100 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $299.27, for a total value of $2,124,817.00. Following the completion of the transaction, the chief technology officer directly owned 19,153 shares of the company’s stock, valued at approximately $5,731,918.31. This trade represents a 27.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 17,786 shares of company stock worth $5,160,577 in the last quarter. 0.57% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Susquehanna increased their price target on shares of Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a report on Thursday, July 23rd. Morgan Stanley boosted their price objective on shares of Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. upped their target price on shares of Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Stephens increased their target price on shares of Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Wells Fargo & Company boosted their price target on Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $313.36.

Wabtec Stock Performance

NYSE:WAB opened at $295.34 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $49.89 billion, a P/E ratio of 39.70, a price-to-earnings-growth ratio of 2.03 and a beta of 0.93. The firm has a 50-day moving average price of $278.22 and a two-hundred day moving average price of $263.70. Wabtec has a twelve month low of $184.26 and a twelve month high of $306.64.

Wabtec (NYSE:WAB) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.16. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, research analysts expect that Wabtec will post 10.86 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 0.4%. The ex-dividend date is Tuesday, August 18th. Wabtec’s dividend payout ratio is 16.67%.

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.