Pinnbrook Capital Management LP Increases Stake in Wabtec $WAB

Pinnbrook Capital Management LP raised its stake in shares of Wabtec (NYSE:WAB) by 760.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 69,107 shares of the transportation company’s stock after purchasing an additional 61,071 shares during the period. Wabtec accounts for 2.0% of Pinnbrook Capital Management LP’s holdings, making the stock its 12th biggest position. Pinnbrook Capital Management LP’s holdings in Wabtec were worth $18,631,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WAB. Whipplewood Advisors LLC purchased a new position in shares of Wabtec during the 1st quarter valued at about $25,000. Meeder Asset Management Inc. bought a new stake in Wabtec during the 2nd quarter worth approximately $26,000. Clal Insurance Enterprises Holdings Ltd raised its stake in Wabtec by 125.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after acquiring an additional 73 shares during the period. Manchester Capital Management LLC lifted its holdings in Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 72 shares in the last quarter. Finally, Bell Investment Advisors Inc purchased a new position in Wabtec during the second quarter valued at approximately $29,000. Institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling at Wabtec

In other news, insider Sameer Gaur sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 10,985 shares in the company, valued at approximately $3,302,530.40. This represents a 8.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Eric Gebhardt sold 7,100 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief technology officer directly owned 19,153 shares of the company’s stock, valued at approximately $5,731,918.31. This trade represents a 27.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 21,036 shares of company stock worth $6,113,542. Company insiders own 0.57% of the company’s stock.

Wabtec Trading Up 2.0%

Shares of Wabtec stock opened at $298.10 on Friday. The firm has a market cap of $50.35 billion, a price-to-earnings ratio of 40.07, a PEG ratio of 2.02 and a beta of 0.93. The business has a 50-day moving average price of $280.20 and a 200-day moving average price of $264.80. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. Wabtec has a twelve month low of $184.26 and a twelve month high of $306.64.

Wabtec (NYSE:WAB) last issued its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, topping 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 return on equity of 15.10% and a net margin of 10.59%.During the same period in the previous year, the firm posted $2.27 earnings per share. The business’s revenue was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Equities research analysts anticipate that Wabtec will post 10.86 EPS for the current fiscal year.

Wabtec Dividend Announcement

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

Analysts Set New Price Targets

WAB has been the subject of a number of analyst reports. KeyCorp increased their price objective on shares of Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Friday, July 17th. Susquehanna increased their price target on Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research note on Thursday, July 23rd. Wells Fargo & Company raised their price target on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Finally, Citigroup boosted their price objective on Wabtec from $311.00 to $341.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.