Headlands Technologies LLC Purchases Shares of 2,537 Wabtec $WAB

Headlands Technologies LLC acquired a new stake in Wabtec (NYSE:WAB) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,537 shares of the transportation company’s stock, valued at approximately $684,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WAB. Welch & Forbes LLC increased its stake in Wabtec by 1.8% in the second quarter. Welch & Forbes LLC now owns 2,050 shares of the transportation company’s stock valued at $553,000 after acquiring an additional 36 shares during the period. Meeder Advisory Services Inc. lifted its stake in Wabtec by 1.6% during the first quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company’s stock worth $618,000 after purchasing an additional 38 shares during the period. Hilltop Holdings Inc. lifted its stake in Wabtec by 3.9% during the fourth quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock worth $228,000 after purchasing an additional 40 shares during the period. L2 Asset Management LLC boosted its holdings in Wabtec by 5.0% during the second quarter. L2 Asset Management LLC now owns 960 shares of the transportation company’s stock valued at $259,000 after purchasing an additional 46 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in Wabtec by 1.6% during the first quarter. Apollon Wealth Management LLC now owns 3,081 shares of the transportation company’s stock valued at $770,000 after purchasing an additional 48 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Wabtec Price Performance

NYSE:WAB opened at $279.95 on Thursday. The firm has a market cap of $47.29 billion, a PE ratio of 37.63, a price-to-earnings-growth ratio of 1.89 and a beta of 0.92. Wabtec has a 12 month low of $184.26 and a 12 month high of $306.64. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is $283.17 and its two-hundred day moving average price is $267.61.

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

Wabtec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th were paid a $0.31 dividend. The ex-dividend date of this dividend was 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%.

Analysts Set New Price Targets

Several research firms have recently weighed in on WAB. KeyCorp upped their price objective on Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Susquehanna raised their target price on Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research report on Thursday, July 23rd. Stephens boosted their price target on Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Wells Fargo & Company upped their price target on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Finally, Citigroup increased their price objective on Wabtec from $311.00 to $341.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $313.36.

Insider Buying and Selling

In related news, insider Sameer Gaur sold 1,082 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $263.50, for a total transaction of $285,107.00. Following the transaction, the insider owned 11,985 shares in the company, valued at $3,158,047.50. This represents a 8.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Fetsko sold 3,250 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $293.22, for a total transaction of $952,965.00. Following the sale, the insider directly owned 37,380 shares in the company, valued at approximately $10,960,563.60. This represents a 8.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 21,036 shares of company stock valued at $6,113,542. Insiders own 0.57% of the company’s stock.

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.