ABN AMRO Bank N.V. Buys Shares of 101,679 Wabtec $WAB

ABN AMRO Bank N.V. bought a new position in Wabtec (NYSE:WAB - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 101,679 shares of the transportation company's stock, valued at approximately $27,394,000. ABN AMRO Bank N.V. owned 0.06% of Wabtec as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WAB. Whipplewood Advisors LLC acquired a new stake in shares of Wabtec during the first quarter worth about $25,000. Manchester Capital Management LLC raised its holdings in Wabtec by 122.0% during the 4th 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 period. Clal Insurance Enterprises Holdings Ltd lifted its stake in Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company's stock valued at $28,000 after buying an additional 73 shares in the last quarter. McMillan Office Inc. bought a new position in Wabtec in the fourth quarter valued at approximately $31,000. Finally, Reflection Asset Management acquired a new position in shares of Wabtec in the fourth quarter valued at approximately $35,000. 91.69% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CTO Eric Gebhardt sold 7,100 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $299.27, for a total value of $2,124,817.00. Following the completion of the sale, the chief technology officer owned 19,153 shares of the company's stock, valued at approximately $5,731,918.31. This represents a 27.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rafael Santana sold 1,163 shares of the firm's stock in a transaction on Monday, June 8th. The shares were sold at an average price of $261.06, for a total transaction of $303,612.78. Following the completion of the transaction, the chief executive officer directly owned 124,077 shares of the company's stock, valued at $32,391,541.62. This represents a 0.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 16,834 shares of company stock valued at $4,874,977. 0.57% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

WAB has been the subject of several research reports. Weiss Ratings reissued a "buy (b)" rating on shares of Wabtec in a research report on Friday, July 17th. Wall Street Zen cut shares of Wabtec from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Morgan Stanley upped their target price on shares of Wabtec from $318.00 to $355.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Citigroup increased their target price on Wabtec from $311.00 to $341.00 and gave the stock a "buy" rating in a report on Thursday. Finally, KeyCorp lifted their price target on Wabtec from $308.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Wabtec currently has a consensus rating of "Moderate Buy" and a consensus target price of $313.36.

Wabtec Stock Performance

Shares of WAB opened at $299.40 on Friday. The stock has a market capitalization of $50.57 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 2.03 and a beta of 0.93. Wabtec has a 12 month low of $184.26 and a 12 month high of $306.64. The firm has a fifty day simple moving average of $276.79 and a 200 day simple moving average of $262.52. 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the previous year, the business earned $2.27 EPS. The company'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. Research analysts forecast that Wabtec will post 10.86 EPS for the current fiscal year.

Wabtec Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors 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 yield of 0.4%. The ex-dividend date is Tuesday, August 18th. Wabtec's dividend payout ratio is presently 16.67%.

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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