PointState Capital LP Has $172.13 Million Stake in Wabtec $WAB

PointState Capital LP grew its stake in Wabtec (NYSE:WAB) by 6.3% during the second quarter, HoldingsChannel reports. The firm owned 638,455 shares of the transportation company’s stock after buying an additional 37,799 shares during the quarter. Wabtec accounts for about 2.2% of PointState Capital LP’s investment portfolio, making the stock its 12th largest holding. PointState Capital LP’s holdings in Wabtec were worth $172,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new position in Wabtec during the 1st quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new stake in Wabtec in the second quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Wabtec by 125.9% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 73 shares during the last quarter. Manchester Capital Management LLC grew its stake in shares of Wabtec by 122.0% during the fourth 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 acquired a new position in shares of Wabtec during the second quarter worth $29,000. 91.69% of the stock is owned by institutional investors.

Wabtec Stock Performance

NYSE WAB opened at $300.63 on Thursday. The company has a market capitalization of $50.78 billion, a price-to-earnings ratio of 40.41, a PEG ratio of 2.01 and a beta of 0.93. Wabtec has a twelve month low of $184.26 and a twelve month high of $306.64. The stock has a fifty day simple moving average of $281.85 and a 200 day simple moving average of $266.27. 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 (NYSE:WAB) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.60 by $0.16. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the previous year, the business earned $2.27 EPS. The business’s quarterly 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. Sell-side analysts expect that Wabtec will post 10.86 EPS for the current year.

Wabtec Dividend Announcement

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

Wall Street Analysts Forecast Growth

WAB has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on Wabtec from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. KeyCorp increased their target price on Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Susquehanna boosted their price target on Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a report on Thursday, July 23rd. Finally, Wells Fargo & Company upped their price objective on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $313.36.

Insider Buying and Selling

In related news, VP David L. Deninno sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $301.31, for a total value of $903,930.00. Following the sale, the vice president directly owned 55,128 shares in the company, valued at $16,610,617.68. This represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael Fetsko sold 3,250 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $293.22, for a total transaction of $952,965.00. Following the sale, the insider directly owned 37,380 shares of the company’s stock, valued at $10,960,563.60. This represents a 8.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 21,036 shares of company stock valued at $6,113,542 over the last 90 days. 0.57% of the stock is currently owned by corporate 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.