NEOS Investment Management LLC Boosts Stake in Wabtec $WAB

NEOS Investment Management LLC increased its stake in Wabtec (NYSE:WAB) by 13.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,463 shares of the transportation company’s stock after purchasing an additional 3,303 shares during the quarter. NEOS Investment Management LLC’s holdings in Wabtec were worth $7,404,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of WAB. BlackRock Inc. bought a new position in shares of Wabtec in the second quarter worth about $3,741,077,000. Price T Rowe Associates Inc. MD grew its stake in shares of Wabtec by 20.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock valued at $1,700,238,000 after acquiring an additional 1,344,744 shares during the period. State Street Corp increased its holdings in Wabtec by 2.6% in the 4th quarter. State Street Corp now owns 7,658,040 shares of the transportation company’s stock worth $1,634,609,000 after acquiring an additional 197,610 shares in the last quarter. Geode Capital Management LLC increased its holdings in Wabtec by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 4,366,157 shares of the transportation company’s stock worth $928,249,000 after acquiring an additional 38,029 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Wabtec by 3.6% during the 3rd quarter. Wellington Management Group LLP now owns 3,304,183 shares of the transportation company’s stock worth $662,390,000 after acquiring an additional 116,329 shares during the period. Institutional investors own 91.69% of the company’s stock.

Insiders Place Their Bets

In related news, insider Michael Fetsko sold 3,250 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $293.22, for a total value of $952,965.00. Following the completion of the sale, the insider directly owned 37,380 shares in the company, valued at $10,960,563.60. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sameer Gaur sold 1,000 shares of Wabtec stock in a transaction on Friday, July 24th. The stock was sold at an average price of $300.64, for a total transaction of $300,640.00. Following the transaction, the insider directly owned 10,985 shares of the company’s stock, valued at $3,302,530.40. The trade was a 8.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 19,873 shares of company stock worth $5,809,243. 0.57% of the stock is currently owned by company insiders.

Wabtec Stock Performance

Wabtec stock opened at $282.25 on Friday. The company’s 50-day moving average price is $283.36 and its 200-day moving average price is $267.88. Wabtec has a twelve month low of $184.26 and a twelve 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 has a market cap of $47.67 billion, a PE ratio of 37.94, a price-to-earnings-growth ratio of 1.92 and a beta of 0.92.

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, beating the consensus estimate of $2.60 by $0.16. The firm 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% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, equities research analysts forecast that Wabtec will post 10.86 EPS for the current fiscal year.

Wabtec Announces Dividend

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

Wall Street Analysts Forecast Growth

WAB has been the topic of several analyst reports. KeyCorp lifted their price target on shares of Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Wells Fargo & Company raised their price objective on shares of Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Susquehanna lifted their target price 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. Wall Street Zen downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Morgan Stanley increased their price target on Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $313.36.

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.