56,622 Shares in Wabtec $WAB Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC acquired a new stake in Wabtec (NYSE:WAB) in the 1st quarter, HoldingsChannel reports. The fund acquired 56,622 shares of the transportation company’s stock, valued at approximately $14,150,000.

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

Insiders Place Their Bets

In other Wabtec news, VP David L. Deninno sold 3,000 shares of Wabtec stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $301.31, for a total value of $903,930.00. Following the transaction, the vice president owned 55,128 shares in the company, valued at $16,610,617.68. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 directly owned 19,153 shares in the company, valued at $5,731,918.31. This trade represents a 27.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,834 shares of company stock worth $4,833,958 over the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Wabtec Stock Performance

NYSE:WAB opened at $292.04 on Thursday. The stock has a 50 day simple moving average of $268.27 and a 200 day simple moving average of $257.11. The stock has a market cap of $49.33 billion, a P/E ratio of 39.25, a PEG ratio of 2.07 and a beta of 0.94. Wabtec has a 1-year low of $184.26 and a 1-year high of $306.64. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WAB) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. The firm had revenue of $3.18 billion for 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 business’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Research analysts anticipate that Wabtec will post 10.86 earnings per share for the current year.

Wabtec Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be paid a $0.31 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 0.4%. Wabtec’s dividend payout ratio (DPR) is presently 16.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wolfe Research reaffirmed an “outperform” rating and set a $303.00 price target on shares of Wabtec in a report on Thursday, April 23rd. Stephens upped their price objective on shares of Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Friday, July 17th. Citigroup cut their target price on shares of Wabtec from $313.00 to $311.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Finally, Susquehanna upped their price target on shares of Wabtec from $305.00 to $340.00 and gave the company a “positive” 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $310.64.

Wabtec 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.