J. Goldman & Co LP Makes New Investment in Wabtec $WAB

J. Goldman & Co LP purchased a new stake in Wabtec (NYSE:WAB) in the second quarter, Holdings Channel.com reports. The fund purchased 63,333 shares of the transportation company’s stock, valued at approximately $17,075,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. increased its stake in Wabtec by 5.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 85,485 shares of the transportation company’s stock valued at $18,247,000 after purchasing an additional 4,266 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Wabtec by 24,274.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 323,936 shares of the transportation company’s stock worth $69,144,000 after purchasing an additional 322,607 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Wabtec by 16.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 925,021 shares of the transportation company’s stock worth $197,446,000 after purchasing an additional 132,091 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Wabtec during the fourth quarter worth $2,134,000. Finally, Pinnbrook Capital Management LP acquired a new stake in Wabtec in the fourth quarter valued at $7,743,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wabtec Price Performance

NYSE:WAB opened at $297.10 on Wednesday. Wabtec has a 12-month low of $184.26 and a 12-month high of $306.64. The firm has a market cap of $50.18 billion, a price-to-earnings ratio of 39.93, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. The company’s 50-day moving average is $281.28 and its two-hundred day moving average is $265.84. 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 issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Research analysts expect that Wabtec will post 10.86 EPS for the current year.

Wabtec Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Susquehanna raised their price target on Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. raised their target price on shares of Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research report on Friday, July 17th. 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. Finally, Wall Street Zen lowered shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Wabtec presently has a consensus rating of “Moderate Buy” and a consensus price target of $313.36.

Insider Transactions at Wabtec

In other news, CTO Eric Gebhardt sold 7,100 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the sale, the chief technology officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sameer Gaur sold 1,000 shares of Wabtec stock in a transaction on Friday, July 24th. The shares were sold at an average price of $300.64, for a total value of $300,640.00. Following the completion of the sale, the insider directly owned 10,985 shares of the company’s stock, valued at approximately $3,302,530.40. This represents a 8.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 21,036 shares of company stock worth $6,113,542 in the last three months. 0.57% of the stock is currently owned by company insiders.

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.