Jupiter Topco LLC Buys New Position in Wabtec $WAB

Jupiter Topco LLC bought a new stake in shares of Wabtec (NYSE:WAB) in the second quarter, HoldingsChannel reports. The institutional investor bought 309,793 shares of the transportation company’s stock, valued at approximately $83,482,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Wabtec during the 2nd quarter valued at $3,741,077,000. Price T Rowe Associates Inc. MD increased its stake in shares of Wabtec by 20.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock worth $1,700,238,000 after purchasing an additional 1,344,744 shares in the last quarter. State Street Corp raised its holdings in Wabtec by 2.6% in the 4th quarter. State Street Corp now owns 7,658,040 shares of the transportation company’s stock worth $1,634,609,000 after purchasing an additional 197,610 shares during the period. Geode Capital Management LLC lifted its position in Wabtec by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company’s stock valued at $928,249,000 after purchasing an additional 38,029 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Wabtec by 3.6% during the third quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock valued at $662,390,000 after purchasing an additional 116,329 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on WAB shares. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. Stephens lifted their price objective on Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Citigroup boosted their price objective on Wabtec from $311.00 to $341.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Wells Fargo & Company increased their target price on shares of Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Finally, Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Wabtec currently has a consensus rating of “Moderate Buy” and an average price target of $313.36.

Insiders Place Their Bets

In other Wabtec news, insider Sameer Gaur sold 1,082 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $263.50, for a total value of $285,107.00. Following the completion of the transaction, the insider directly owned 11,985 shares in the company, valued at $3,158,047.50. This represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Eric Gebhardt sold 7,100 shares of Wabtec stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the sale, the chief technology officer owned 19,153 shares in the company, valued at approximately $5,731,918.31. The trade was a 27.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 21,036 shares of company stock worth $6,113,542 over the last ninety days. 0.57% of the stock is owned by company insiders.

Wabtec Trading Up 1.2%

Shares of WAB stock opened at $300.63 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12. The stock has a fifty day simple moving average of $281.85 and a two-hundred day simple moving average of $266.27. The firm has a market capitalization of $50.78 billion, a PE ratio of 40.41, a PEG ratio of 2.01 and a beta of 0.93. Wabtec has a 52-week low of $184.26 and a 52-week high of $306.64.

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

Wabtec Announces Dividend

The firm 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 $0.31 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a yield of 0.4%. Wabtec’s payout ratio is currently 16.67%.

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.