Ieq Capital LLC Reduces Position in Wabtec $WAB

Ieq Capital LLC trimmed its holdings in Wabtec (NYSE:WAB) by 78.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,353 shares of the transportation company’s stock after selling 37,626 shares during the quarter. Ieq Capital LLC’s holdings in Wabtec were worth $2,791,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in WAB. Whipplewood Advisors LLC acquired a new stake in shares of Wabtec in the 1st quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in Wabtec in the 2nd quarter valued at about $26,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Wabtec by 125.9% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. Manchester Capital Management LLC increased its holdings in shares of Wabtec by 122.0% during the 4th quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 72 shares during the last quarter. Finally, Bell Investment Advisors Inc purchased a new stake in shares of Wabtec during the 2nd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wabtec Price Performance

WAB stock opened at $297.70 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $50.29 billion, a PE ratio of 40.01, a P/E/G ratio of 2.02 and a beta of 0.93. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64. The business’s fifty day moving average price is $280.78 and its 200 day moving average price is $265.45.

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

Wabtec Announces Dividend

The business also recently announced 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 is Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a yield of 0.4%. Wabtec’s dividend payout ratio (DPR) is 16.67%.

Insiders Place Their Bets

In related news, insider Sameer Gaur sold 1,082 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $263.50, for a total transaction of $285,107.00. Following the completion of the transaction, the insider owned 11,985 shares in the company, valued at approximately $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $261.06, for a total value of $303,612.78. Following the transaction, the chief executive officer directly owned 124,077 shares of the company’s stock, valued at approximately $32,391,541.62. This represents a 0.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 21,036 shares of company stock worth $6,113,542. Corporate insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on WAB shares. Susquehanna raised their target price on Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research note on Thursday, July 23rd. Citigroup boosted their price objective on shares of Wabtec from $311.00 to $341.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, KeyCorp boosted their price target on shares of Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $313.36.

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.