Wabtec $WAB Position Lifted by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its stake in shares of Wabtec (NYSE:WAB) by 12.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,985 shares of the transportation company’s stock after acquiring an additional 3,273 shares during the quarter. Wealthfront Advisers LLC’s holdings in Wabtec were worth $7,494,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in WAB. Whipplewood Advisors LLC bought a new stake in shares of Wabtec in the 1st quarter worth about $25,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Wabtec by 125.9% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Manchester Capital Management LLC lifted its position in shares of Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 72 shares during the last quarter. McMillan Office Inc. acquired a new position in Wabtec in the fourth quarter worth about $31,000. Finally, Reflection Asset Management acquired a new position in Wabtec in the fourth quarter worth about $35,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on WAB. Susquehanna restated a “positive” rating and set a $305.00 price objective on shares of Wabtec in a research note on Thursday, April 23rd. Citigroup reduced their target price on Wabtec from $313.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Rothschild & Co Redburn upgraded Wabtec from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $262.00 to $285.00 in a research report on Thursday, March 26th. Wolfe Research reiterated an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a report on Thursday, April 23rd. Finally, Stephens raised Wabtec to a “strong-buy” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $293.36.

Wabtec Price Performance

Shares of NYSE:WAB opened at $261.85 on Friday. The company has a market cap of $44.43 billion, a PE ratio of 37.04, a P/E/G ratio of 1.88 and a beta of 0.94. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $284.91. The firm has a 50-day simple moving average of $264.30 and a 200 day simple moving average of $252.83. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.09. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter last year, the company posted $2.28 earnings per share. Wabtec’s revenue was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, sell-side analysts anticipate that Wabtec will post 10.64 EPS for the current year.

Wabtec Dividend Announcement

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

Insider Activity at Wabtec

In related news, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $262.07, for a total value of $304,787.41. Following the sale, the chief executive officer owned 122,914 shares of the company’s stock, valued at approximately $32,212,071.98. This trade represents a 0.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the transaction, 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 position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 5,734 shares of company stock worth $1,504,571. Company 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.