2,004 Shares in Wabtec $WAB Purchased by Two Sigma Securities LLC

Two Sigma Securities LLC purchased a new position in shares of Wabtec (NYSE:WAB) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,004 shares of the transportation company’s stock, valued at approximately $540,000.

A number of other institutional investors also recently added to or reduced their stakes in WAB. BlackRock Inc. acquired a new stake in shares of Wabtec in the 2nd quarter valued at $3,741,077,000. Norges Bank bought a new stake in Wabtec during the 4th quarter worth approximately $409,039,000. Price T Rowe Associates Inc. MD grew its position in 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 worth $1,700,238,000 after acquiring an additional 1,344,744 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Wabtec during the 2nd quarter valued at $212,692,000. Finally, Deutsche Bank AG bought a new position in Wabtec in the 2nd quarter valued at $207,228,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Wabtec Trading Up 0.1%

NYSE WAB opened at $279.95 on Thursday. Wabtec has a 12 month low of $184.26 and a 12 month high of $306.64. The stock has a 50-day simple moving average of $283.17 and a 200 day simple moving average of $267.61. 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 $47.29 billion, a PE ratio of 37.63, a P/E/G ratio of 1.89 and a beta of 0.92.

Wabtec (NYSE:WAB) last posted 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 company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Research analysts forecast that Wabtec will post 10.86 EPS for the current year.

Wabtec Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Gregory Sbrocco sold 952 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $300.00, for a total transaction of $285,600.00. Following the sale, the executive vice president owned 21,043 shares of the company’s stock, valued at approximately $6,312,900. This trade represents a 4.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $299.04, for a total value of $347,783.52. Following the transaction, the chief executive officer owned 120,588 shares in the company, valued at approximately $36,060,635.52. This represents a 0.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 21,036 shares of company stock valued at $6,113,542. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on WAB. Morgan Stanley boosted their price objective on Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Citigroup lifted their price target on Wabtec from $311.00 to $341.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Stephens increased their price objective on shares of Wabtec from $320.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their target price on shares of Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Finally, KeyCorp raised 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. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $313.36.

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.