Aberdeen Group plc Raises Stock Holdings in Wabtec $WAB

Key Points

• Aberdeen Group increased its Wabtec stake by 13.7% in the second quarter, bringing its holdings to 251,025 shares valued at approximately $67.7 million. Institutional investors collectively own 91.69% of Wabtec.
• Wabtec reported quarterly earnings of $2.76 per share on $3.18 billion in revenue, exceeding analyst expectations and marking 17.5% year-over-year revenue growth. The company maintained fiscal 2026 guidance of $10.60–$10.90 in EPS.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $313.36; Citigroup, Susquehanna and Stephens recently raised their targets. Wabtec also declared a quarterly dividend of $0.31 per share, yielding 0.4% annually.

Aberdeen Group plc boosted its stake in Wabtec (NYSE:WAB - Free Report) by 13.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 251,025 shares of the transportation company's stock after acquiring an additional 30,293 shares during the quarter. Aberdeen Group plc owned about 0.15% of Wabtec worth $67,676,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WAB. Whipplewood Advisors LLC acquired a new position in shares of Wabtec in the 1st quarter valued at about $25,000. Clal Insurance Enterprises Holdings Ltd increased its holdings 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 purchasing an additional 73 shares in the last quarter. Manchester Capital Management LLC increased its position in 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. McMillan Office Inc. acquired a new position in Wabtec in the 4th quarter valued at $31,000. Finally, Reflection Asset Management acquired a new position in Wabtec in the 4th quarter worth about $35,000. Institutional investors own 91.69% of the company's stock.

Wabtec Price Performance

Shares of WAB opened at $299.40 on Friday. Wabtec has a twelve month low of $184.26 and a twelve month high of $306.64. The firm's 50 day moving average price is $276.79 and its 200 day moving average price is $262.52. The firm has a market cap of $50.57 billion, a PE ratio of 40.24, a PEG ratio of 2.02 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 1.12.

Wabtec (NYSE:WAB - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.60 by $0.16. The business 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 firm's revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter 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. As a group, research analysts expect that Wabtec will post 10.86 EPS for the current fiscal year.

Wabtec Announces Dividend

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

Insider Activity at Wabtec

In other Wabtec news, CEO Rafael Santana sold 1,163 shares of the company's stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $261.06, for a total value of $303,612.78. Following the sale, the chief executive officer owned 124,077 shares in the company, valued at approximately $32,391,541.62. The trade was a 0.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the business's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $263.50, for a total value of $285,107.00. Following the sale, the insider directly owned 11,985 shares of the company's stock, valued at $3,158,047.50. This represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,834 shares of company stock valued at $4,874,977 in the last quarter. 0.57% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citigroup increased their target price on Wabtec from $311.00 to $341.00 and gave the stock a "buy" rating in a research report on Thursday. Weiss Ratings restated a "buy (b)" rating on shares of Wabtec in a report on Friday, July 17th. Wall Street Zen downgraded Wabtec from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Susquehanna raised their price target on shares of Wabtec from $305.00 to $340.00 and gave the company a "positive" rating in a research report on Thursday, July 23rd. Finally, Stephens lifted their price target on shares of Wabtec from $320.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus 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.

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