Ethic Inc. Raises Stock Holdings in Wabtec $WAB

Ethic Inc. boosted its position in shares of Wabtec (NYSE:WAB) by 14.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 58,029 shares of the transportation company’s stock after acquiring an additional 7,406 shares during the quarter. Ethic Inc.’s holdings in Wabtec were worth $15,645,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new position in shares of Wabtec in the first quarter valued at about $25,000. Clal Insurance Enterprises Holdings Ltd boosted its position 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 buying an additional 73 shares during the last quarter. Manchester Capital Management LLC boosted its position in Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after buying an additional 72 shares during the last quarter. McMillan Office Inc. acquired a new position in Wabtec in the 4th quarter worth approximately $31,000. Finally, Reflection Asset Management acquired a new position in Wabtec in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wabtec Trading Up 0.8%

Shares of NYSE:WAB opened at $297.93 on Friday. 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 has a 12-month low of $184.26 and a 12-month high of $306.64. The business has a 50 day moving average of $276.02 and a two-hundred day moving average of $262.26. The company has a market capitalization of $50.32 billion, a PE ratio of 40.04, a PEG ratio of 2.00 and a beta of 0.93.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the company earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. As a group, analysts forecast that Wabtec will post 10.86 EPS for the current year.

Wabtec Announces Dividend

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

Insider Activity

In other news, CTO Eric Gebhardt sold 7,100 shares of the stock in a transaction dated 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 of the company’s stock, valued at $5,731,918.31. This represents a 27.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sameer Gaur sold 1,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $300.64, for a total value of $300,640.00. Following the sale, the insider owned 10,985 shares in the company, valued at $3,302,530.40. This trade represents a 8.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,834 shares of company stock worth $4,874,977 in the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

WAB has been the subject of several research reports. Morgan Stanley lifted their price objective on shares of Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Stephens boosted their target price on shares of Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company upped their price target on shares of Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Wabtec has an average rating of “Moderate Buy” and a consensus price target of $313.36.

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.